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Articles

DTZ Echinox: almost half the modern retail surface in Bucharest, concentrated in Sectors 3,6

Almost half the modern retail surface in Bucharest is found in Sectors 3 and 6, a study by DTZ Echinox shows. The stock of modern retail in Bucharest totaled last year 1.225 million sqm, after developers completed two new commercial centers with a total GLA of around 100,000 sqm.

Immochan considers acquiring three plots for malls in Romania

French real estate developer Immochan ponders acquiring three pieces of land to build new shopping centers on the local market, and the investments could amount to EUR 300 million, reports local Economica.ro.

Romanian Trade Registry cuts several taxes and tariffs for firms, sole traders and individual enterprises

The National Trade Registry Office (ONRC) eliminates starting February several taxes and tariffs for firms, sole traders PFA and individual enterprises as part of the bill scrapping 102 taxes, according to a release if the institution.

Forte Partners conducted last year real estate projects with a market value of EUR 100 million

Real estate developer Forte Partners conducted in 2016 two office projects with a total market value of EUR 100 million: Ștefan cel Mare, boutique building situated in downtown Bucharest (EUR 19.5 million) and The Bridge, business park situated in the area of Basarab passage (EUR 80.5 million).

Unemployment rate reaches lowest level after 2008 in Romania

The number of unemployed people in Romania significantly dropped in December last year, by 14,444 compared to the previous month, reaching 506,758. It is a new minimum level after the onset of the economic crisis in 2008.

First acceleration fund dedicated to startups in Romania launches in Cluj

More than 30 investors from Transylvania have decided to set up Risky Business, the first acceleration fund for startups in Romania, with a value of EUR 250,000. The fund was recently launched in Cluj-Napoca.

Residential building permits down by 1.2 pct in 2016, after a 12 pct drop in December

In 2016, the number of building permissions for residential buildings decreased by year-on-year by 1.2 percent up to 38,653, on the background of a drop recorded in Bucharest, in Moldova and Walachia, data published by the National Institute of Statistics (INS) shows.

CBRE: The share of class A office stock will outperform the class B office stock by 2018

The Total Leasing Activity (TLA) for the office sector in Q4 2016 reached 144,000 sq m, the highest level on a quarter for the Romanian real estate industry, while 79 percent of TLA was represented by take-up (total transactions excluding renewals/ renegotiations), according to the latest CBRE Romania Office Market report, a press release informs.

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