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Articles

Office market in Bucharest ended 2017 close to record highs in 2016, over 170 transactions

The Bucharest office market ended 2017 close to record highs in 2016, with over 170 Class A and Class B transactions totalling 310,000 square meters, according to the annual Knight Frank European Commercial Property Outlook.

A new office building will be delivered in Bucharest - Day Tower

The Day Tower office project will be delivered by March 2018, according to the latest data from the developer.

Romania, still on the penultimate place in the EU in terms of minimum wage

Since January 1, 2018, Romania has the largest percentage increase, of 31%, of the gross minimum wage in Central and Eastern Europe, but the net growth is much lower.

M6 subway to the airport project, closer to become reality

The European Bank for Reconstruction and Development (EBRD) will finance € 300 million to build the M6 Metro Line that will link Bucharest to Henri Coanda Airport.

Globalworth buys plot for a new office project in Bucharest’s North Business District

Real estate investment fund Globalworth has acquired two pieces of land around the Gara Herastrau/Barbu Vacarescu area, presented by developers as the new Central Business District of Bucharest.

Geci Engineering Services has rented an office space in the Brussels Building within Sema Office Business Park

GECI Engineering Services Romania, a company of the French group ALTEN, one of the leading CAD / CAM / CAE service providers in the aerospace industry, recently rented a 1,600 sqm office space on the 1st floor of the Brussels Building within Sema Office Business Park.

AFI Europe Romania concludes a EUR 22 million Development Loan from Bank Leumi Romania for the financing of AFI Tech Park phase 1

AFI Europe Romania has signed a financing agreement of EUR 22 million with Bank Leumi Romania for the development of phase 1 of AFI Tech Park, the newest business park the company is currently developing in Bucharest.

Foreign direct investment, up 17.7%, in the first ten months of this year

Foreign direct investment grew by 17.69% in the first ten months of this year, compared to the same period of 2016, to 4.098 billion euros, according to recent data from the National Bank of Romania (BNR).

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