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Articles

Modern corporate employees need silence and relaxation, the real estate developers comply

The average of ten square metres for each employee working in the modern office buildings is making more and more room to larger common areas, open spaces which support the socialization and working together in the company.

375,897 real estate transactions registered in the first five months of 2016 in Romania

As many as 375,897 real estate transactions were performed nationwide in the first five months of 2016, by 36,000 more compared to January - May 2015, shows a release of the National Cadastre and Property Advertising Agency (ANCPI) published on the institution's website.

Multinational groups in Romania to be impacted by changes in controlled foreign corporation legislation, says EY

Following the adoption of a new Directive that aims to block the avoidance of taxes inside the European Union, on July 12, multinational groups which are also present in Romania might have to redesign their holdings’ chain, according to professional services firm EY.

Erste Asset Management launches ‘Romania invests’ guide

According to the study, financial protection is the main reason Romanians put their money in investment funds. An overwhelming share of 88 percent of investors believe that investment funds might pay higher than savings products.

Forte Partners to start second phase of The Bridge project in the following eight months

Epstein Architecture and Engineering, the Romanian branch of Epstein Global, was appointed by Forte Partners for the design of the second phase of the office complex The Bridge, situated in Orhideea area in Bucharest.

FDI in Romania down 13.2 pct to EUR 1.1 bln on five months

The foreign direct investments (FDI) in Romania grew by EUR 230 million in May, reaching EUR 1.1 billion, but their level in the first five months is with 13.2 percent lower than the one registered in the same period of 2015, respectively EUR 1.2 billion, says the National Bank of Romania (BNR).

Globalworth ups profit by over a third

Real estate developer Globalworth Real Estate Investments Limited, founded and managed by Greek investor Ioannis Papalekas, increased its net operating profit by 38% in the first three months of this year to EUR 6.5 million, up from EUR 4.7 million recorded in the same period last year.

CBRE: Bucharest Class A office stock exceeds 1 million sqm in Q2

In Bucharest, Class A office stock exceeded 1 million square meters in the second quarter, a record for the office space market. In Bucharest, Class A office stock exceeded 1 million square meters in the second quarter, a record for the office space market. Overall, this year’s new office stock is projected to be a whopping six times larger than last year’s.

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