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Romania, second largest increase in hourly labour costs in EU

Romania recorded the second largest increase in hourly labour costs in the EU in the first quarter of this year, with a 7.1% advance. Latvia saw the largest increase with a 7.3% growth.

TECHNO OFFICE: Top industries that invest in office design

According to Techno Office, one of the main local providers of solutions for office space furnishings, 30% of the companies which invest in office decorating are those who provide outsourcing services. Next in the same top are the FMCG, IT and professional services companies.

American investment fund, big winner of Bucharest deindustrialisation

NCH had the vision to buy large number of factories in the ‘00s, where malls or hypermarkets were built afterwards.

Romania and Malta, highest inflation rates in EU

Romania and Malta recorded the highest inflation rates in the European Union in May, according to EU’s statistical office Eurostat. The two countries saw a 1.3% annual inflation rate, whereas the annual inflation rate in the EU went up to 0.3% in May.

The top of the most expensive cities for expats: Bucharest dropped from 159 to 178

Bucharest dropped from 159 in 2014 to 178 in a top of the most expensive 207 cities for expats, the cities in Central and Eastern Europe, going down in the ranking as a result of the depreciation of the local currency against the American dollar, according to a Mercer study, which takes as reference New York.

ParkLake announces advanced construction state

ParkLake, the EUR 180 million shopping mall developed by Sonae Sierra and Caelum Development in Bucharest’s District 3, announced that construction work is continuing and that structural building is now “in advanced state”.

Romania, attractive for investors due to very small redundancy costs

Romania remains attractive for investors since it is among the countries with the smallest costs of redundancy for objective reasons (reorganization), in the case of the employees with average seniority, according to the third edition of an international study on the layoffs carried out by a law firms network sent to Agerpres on Monday.

AFI Europe invests EUR 15 mln to expand shopping center in Bucharest

Real estate developer AFI Europe Romania will invest EUR 14-15 million in expanding the AFI Palace Cotroceni shopping center by some 8,000 sqm.

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