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Romania registers highest increase in construction work in the EU

Construction work increased in March by 13.3% year-on-year in Romania, recording the highest increase in the EU, where the advanced was of 1.3%.

AFI Europe Romania operating income up 8.1 pct in Q1

AFI Europe Romania announced on Wednesday the financial results for Q1, period which generated a net operating income of nearly EUR 9 million, representing an 8.1 percent increase compared to Q1 2014. The increase was driven mostly by the two new office buildings AFI Park 2 and AFI Park 3.

More than half of big companies in Romania, under imminent insolvency

About 60% of the companies with assets of over EUR 1.5 million are under imminent insolvency risk or in difficulty, said Andrei Cionca, general manager of insolvency firm CITR Group.

Romanian Labor Minister: Minimum wage to reach EUR 270

Romania’s minimum wage will reach RON 1,200 (EUR 270) starting January 2016, said Labor Minister Rovana Plumb.

43 pct increase of the office spaces rented by companies with 25 up to 60 employees

Medium companies, with 25 to 60 employees, were the most active on the office market in the first four months of 2015 compared to other categories of SMEs.

Average annual business figure of IT&C sector reaches 2.8 billion Euros

The annual business registered in the IT&C sector in Romania has reached an average of 2.8 billion Euros, but specialists in the field say it could reach 10 billion Euros, said Aurel Sorin Encutescu, the secretary of state in the Ministry of Economy, Trade and Tourism (MECT), at the regional summit on cyber security held at Parliament Palace.

ManpowerGroup study : Romania, among the countries where talent-related problems are worst

Romania is among the countries where talent-related problems are worst, according to a ManpowerGroup study of job occupancy rates.

Increasing activity on the residential and lands market

The real estate market had a more dynamic start in 2015, compared to the activity recorded in previous years, mainly in terms of transactions with land and apartments in new residential buildings, shows a Crosspoint Investment Banking & Real Estate analysis.

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