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A new generation of mega-real estate projects in Romania

The real estate developers will complete by next summer investments exceeding EUR 670 million, pooled in the ten biggest private constructions site in Romania. They will put on the market ten new office buildings, two malls and four warehouses.

Citadella Titan flats nearly sold out

Premier Estate Management sold 50 apartments totalling €2.5m at Citadella Titan in Bucharest over the summer. The residential complex has just 40 apartments still on the market.

Hourly labour cost goes up by 4.3% in Romania

The hourly cost of labour in Romania increased by 4.3% in the second quarter of the year compared to the previous quarter and by 7.6% year-on-year.

Net investments in the national economy up 7.2 pct in first half of the year

Net investments in the national economy added up to RON 26.8 billion in H1 of 2015, increasing by 7.2 percent year on year, show data from the National Institute for Statistics (INS).

Iaciu intends to grow on the office market in Iaşi, Romania

Gheorghe Iaciu, the entrepreneur controlling the real estate developer Impact Developer & Contractor, intends to expand its presence on the office market in Iaşi, a city which appears to be a new IT centre of Romania. The entrepreneur completed here EUR 15 million investment in the conversion of a commercial centre to an office building, Moldova Center.

Tax on unattended buildings and plots could go up six fold in Romania

The tax on unattended buildings and land plots could be increased by over 500% according to a new amendment to Fiscal Code.

DIY retailer Ambient files for insolvency after restructuring fail

DIY and building materials distribution company Ambient Sibiu filed an application for entry into insolvency with a reorganization option, according to Mediafax.

Flash Office Solutions offers permanent discount cards to its tenants

The companies hosted by the Flash Office Solutions centres, their employees and their business partners receive permanent discount cards for products and services in professional services, consultancy and IT&C fields, as well as corporate personal services, such as food & catering, styling, sport, flowershop, apparel, office accessories and even home & deco or medical services.

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