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Business Review: Demand for office space outside Bucharest to reach record level in 2015

Some 100,000 sqm of office space is expected to be delivered this year outside Bucharest, double the level reported last year, say consultants. IT and outsourcing companies remain the main growth engines behind this, but for how long will regional office markets in cities like Timisoara, Cluj-Napoca and Iasi be able to maintain their momentum?

Local investment funds rose by 1.9 per cent in April

The net assets of local investment funds rose by 1.9 per cent in April, having exceeded the amount of 4.5 billion Euros, the Fund Managers' Association (AAF) announced on Wednesday.

Housing priced EUR 19,500 to EUR 240,140 at National Real Estate Fair

The cheapest studio put up for sale at the National Real Estate Fair (TNI), which runs until Sunday at the Palace of Parliament, costs EUR 19,500, VAT included, being located in Berceni, and the most expensive housing, a three-room apartment near Foisorul de Foc, is priced EUR 240,140.

FDI double in March, up 55 pct in Q1

Foreign direct investment (FDI) totaled EUR 885 million in the first quarter, up 55 percent over the same period last year and in March the volume doubled compared to the first two months of the year put together, reaching EUR 476 million, according to National Bank data quoted by Mediafax.

Millennium: The Court has suspended the execution of the decision regarding the demolition of Cathedral Plaza

Dâmboviţa Court has suspended the execution of the decision regarding the demolition of Cathedral Plaza, until the obligations of the City Hall would be clarified and by the completion of the procedures of re-authorisation of the building, according to its owner, Millennium Building Development.

Rents in Moscow collapse due to foreign employees’ exodus

The rents in most wanted districts of Moscow register a strong fall, on the background of the dropping request, as the American and European executives are leaving, according to Bloomberg.

SMEs in Romania create almost half the country’s gross value added only

The small and medium-sized enterprises (SMEs) in Romania produce 44% of the gross value added in the economy.

Romania to see among highest growth in emerging Europe, says EBRD

Romania will register this year one of the highest economic growth in emerging Europe – 3 percent – and 3.2 percent in 2016, amid stronger economic environment in the Eurozone, according to the latest Regional Economic Prospects report released Thursday by the European Bank for Reconstruction and Development (EBRD).

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