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Fear of failure prevents Romanians from starting new business

Fear of failure remains one of the significant barriers that stops Romanians from opening their own business. Some 65% of the Romanian entrepreneurs believe that society penalizes failure in business whereas 37% of them consider the failure a barrier for their future business projects.

Improving Economies to Drive Falling Vacancy and Rising Rents in European Office Markets in Next Five Years

Europe’s prime office market vacancy rate is expected to fall back to its 2009 level by the end of 2016 and then to continue declining over the rest of the decade, according to global real estate advisor, CBRE. In Europe’s major cities, office development is not keeping pace with growing demand driven by improving employment trends and almost all key office markets are expected to show falling vacancy rates and accelerated rental growth over the next five years.

Prologis sells logistics park near Bucharest to Czech group CTP

American group Prologis, the biggest industrial space owner in the world, recently sold the logistics park Prologis Park Bucharest A1 to Czech group CTP. The deal’s value was close to EUR 50 million, reports local Capital.ro.

Number of residential building permits goes up in Romania

The number of building permits for housing increased by 3.3% in the first seven months compared to the same period last year, reaching over 22,000.

Straco Grup, another Romanian constructor entered insolvency

Bucharest constructor Straco Grup, controlled by the brothers Alexandru and Traian Horpos, entered insolvency, according to data from Bucharest Court. This is the second big insolvency in constructions in the last ten days, following the one of Apolodor Com Impex, controlled by Radu Ouatu.

One United Properties breaks ground on One Herăstrău Park

One United Properties started construction on One Herăstrău Park in northern Bucharest.

Bucharest stays the cheapest European destination for office rental by 2017

The rennet for a square metre of offices in Bucharest is an average of EUR 19 per month, 4.5 times smaller than in London’s city, the financial heart of the town and more than two times smaller than in Dublin, the city where the American giant Google settled its European quarters.

Parties reach agreement on Fiscal Code changes

Following this week’s debates over the Fiscal Code, representatives of the main political parties in the Romanian Parliament have reached an agreement over lowering the general VAT level to 20 percent starting January 2016 and 19 percent starting the following year.

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