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Anchor Group to reconvert 20 pct. of the Plaza Mall in Bucharest to offices

More than 10,000 sq. m of the Plaza Mall area will be reconverted in office spaces, a project currently undergoing under the renovation process of the mall in Drumul Taberei neighbourhood in Bucharest, which will be completed this spring.

COS, leading specialist in workplace consultancy, design and fit-out, estimates a turnover increase of 25% in 2016.

COS (Corporate Office Solutions), the first fully integrated office design & build specialist in Romania, recorded a 16.2million Euros turnover in 2015, with an increase of 2% compared to last year. The increase marks an all time high sales record for the company in its 18 years on the Romanian market. The estimated result by the end of the year is 20 million Euros, with a 25% increase, compared to 2015.

Finance Minister: Romania can be the investors’ new darling

Romania’s Finance Minister Anca Dragu believes that Romania can become one of the foreign investors’ favorite destinations in Eastern Europe, as the political changes in Poland have eroded the investors’ confidence in this country, until recently the region’s top performer.

Zero-energy buildings in Romania starting December 31, 2020

All new buildings commissioned on building permits issued starting December 31, 2020 will be nearly zero-energy buildings (nZEB), the Ministry of Regional Development and Public Administration (MDRAP) informs in a statement issued on Friday.

Mega Image continues fast expansion with planned EUR 50 mln annual investments

Mega Image will continue its expansion at the same rhythm it had during the last years, planning to invest some EUR 50 million per year, Vassilis Stavrou, director of Mega Image said, as quoted by Mediafax. The company will also open a second logistic center in Stefanesti at the end of Q3, covering a 34,000 sqm area, the representative announced.

Five investors bought properties of over EUR 500 million in Romania last year

Five investors - CTP, GLL, P3, Nepi and Globalworth – bought properties exceeding EUR 500 million in Romania last year of the total EUR 650 million registered for the entire Romanian market, according to real estate consulting firm JLL.

Knight Frank: Growing interest for downtown Bucharest offices

The commercial real estate investment market will continue this year the strong growing trend felt in 2015 too, as the temporary data shows that the volume of transactions increased with more than 20 pct. compared to the precedent year, according to Knight Frank’s study, and 2016 will bring important changes on the office market, including on the local market.

EY Romania: The most important fiscal challenges of 2016 for the companies

The most important fiscal challenges of 2016 for the companies of Romania are connected to the tax checks, local taxes - building taxes in particular, where significant changes have occurred from the very beginning of this year, and to the international regulations, says Alexander Milcev, partner and director of the Tax and Legal Assistance Department of EY Romania.

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