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Office Market News

Construction works increased by 9.4 pct in first 11 months of 2015

In November 2015, the volume of construction works increased, compared to the previous month, as gross series by 7.0% and maintained the same level as adjusted series by the number of working days and by seasonality;

2015, first year with negative inflation in Romania

Consumer prices went down in December 2015 compared to December 2014, bringing the annual inflation in Romania to minus 0.9 percent, another post-Communism record following the plus 0.83 pct in 2014, the National Institute of Statistics informed in a release on Wednesday.

Iulian Dascălu to complete two office buildings in Iași

Businessman Iulian Dascălu will complete in the first part of the year two new office buildings within United Business Center (UBC) complex in Iași, with a total of 24,000 sq. m, where 3,000 people will work, adding to the 3,900 employees already present in the complex.

Foreign direct investment, up by 35% in Romania

Romania attracted EUR 99 million worth of foreign direct investment (FDI) in November 2015, reaching EUR 2.88 billion inflows in the first eleven months of the year, according to Romania’s National Bank (BNR).

Webhelp opens new customer care center in Romania’s Iasi, hires 300

French group Webhelp, which is active in the Business Process Outsourcing sector, will open a new customer care center in Iasi where it will hire 300 people.

Two brokers from CBRE associates in new company on Romanian office market

The recovery of the office and logistics market in Romania gives real estate brokers confidence in starting their own business and competing for clients and transactions with the well-known company present in the market, companies dealing with the most important tenants and office buildings owners.

Konieczny (FP): Romania’s attractiveness for foreign investor will have to be fed by fiscal relaxation measures

Romania’s attractiveness for foreign investors should be fed by measures of fiscal relaxation such as VAT reduction to 20% as of 2016, followed y a drop to 19% next year, reductions of the income tax on dividends from 16% to 5% and the elimination of the tax on special constructions as of 2017, says Greg Konieczny, the manager of Property Fund, in a press release.

Ovidiu Șandor exits City Business Centre project in Timișoara, NEPI took over the entire office complex

Businessman Ovidiu Șandor in Timișoara exited the shareholding of the company ModaTim Business Facility, the developer of the office complex City Business Centre Timișoara, so the South-African investment fund NEPI became the sole shareholder of the project, according to the takeover agreement at the completion of the construction.

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