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Articles

JLL Romania: Demand for office space in Bucharest up by 45 pct by yearend

Net demand for office space in Bucharest – meaning new space being leased by existing or new tenants – will total some 160,000 sqm by the end of the year, up by 40 percent against 2015, according to data from real estate consultancy JLL Romania. Gross demand, which also comprises renegotiations of existing leases, is forecast to reach 320,000 sqm, up by 30 percent y-o-y.

Investments in Romania’s real estate sector reach EUR 400 mln in nine months

The volume of investments in Romania’s real estate sector increased by over 6% in the first nine months of the year to EUR 400 million.

Romanian SMEs get additional EU financing options worth EUR 59 mln

The Ministry of European Funds (MFE) and the European Investments Fund (FEI) signed on Tuesday the Financing Agreement for Competitiveness Fund for Funds creation, aiming to improve the financing access under risk capital and loans for the innovative firms from Romania.

WatchShop invests EUR 50.000 investment in a new office, expects EUR 2 mln turnover this year

Starting September, WatchShop.ro, the online retailer for watches and accessories’ dedicated to men, moved into a new office, following a EUR 50.000 investment, in its 7th year of operations on the local market.

Over 60,000 employees on the Romanian outsourcing market

Over 60,000 employees work in the local outsourcing sector, on a market estimated at EUR 1.2 billion, which increases by at least 20 percent every year, even if the salaries are still at a low level, according to Smartree, one of the outsourcing company from the Romanian market.

BNR is looking for office building constructor to host data center in Târgu-Jiu

National Bank of Romania (BNR) launched a bid for the construction of an office building to be used as data center in Târgu-Jiu, a contract estimated at 15.5 million lei, without VAT, for 2 years period.

Romanian economy forecasted to grow by 4.8 percent in 2016

According to forecasts, the Romanian economy will grow by4.8 percent in 2016. Romanian PM Dacian Ciolos is presenting to the Parliament the outlook of the Romanian economy at the request of Social Democratic Party (PSD)chair Liviu Dragnea, business-review.eu reports.

Romania records fourth production in construction work in EU in July

In July 2016 Romania recorded the fourth year-on-year increase of construction work in the European Union. Overall, in July 2016, seasonally adjusted production in the construction sector increased by 1.8 percent in the euro area (EA19) and by 1.1 percent in the EU28, data released by the Eurostat shows.

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