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After five years, Anchor started works for the Metropol office project’s facade

Turkish group Anchor, the owner of the first two malls of Bucharest, resumed the construction works for the office building Anchor Plaza Metropol on Timişoara Blvd. in Bucharest, more than five years distance from the worksite block.

300,000 sq. m offices vacant in Bucharest

Office vacancy rate in Bucharest drop last year, towards the level of 13-14 pct, but approx. 300,000 sq. m offices are still vacant, according to a ZF study.

Insolvency proceedings drop by 29% in Romania

The number of insolvency proceedings opened last year fell by 29.4% to 21,367, compared to 30,282 in 2013.

Starbucks opens cafe at Victoria Center

Starbucks opened a new cafe on the ground floor of Victoria Center in Bucharest.

Romania’s monthly minimum wage is EU’s second lowest

Romania is having the second lowest minimum wage in the European Union after Bulgaria, although it doubled since 2008, according to data released on Thursday by Eurostat.

Three-star hotel in Bucharest opens private offices for clients

Three-star hotel Ibis Bucuresti Gara de Nord, part of the economy hotel chain Ibis, will open private offices for customers staying in the hotel.

Russian & German buyers want 15 pct stake in Immofinanz

Russian company O1 Group and German CA Immobilien Anlagen ponder buying a minority stake in the Austrian group Immofinanz, the largest owner of office buildings in Romania.

JLL: The level of rents on the office market remains the same in 2015

In 4Q 2014, four office buildings were delivered: Green Court Building A, AFI Park 3, Ethos House and Bratianu Business Center, which added together an area slightly exceeding 41,000 sq. m of A and B class office space to the total stock, according to a study made by JLL, which also stated that the level of rents would not change this year.

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