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Office Market News

Romania’s GDP goes up 1.4 pct in Q3, largest increase in Europe

According to data released by the National Institute for Statistics (INS), Romania saw a 3.7 percent increase of the GDP during the first nine months of 2015, the same level registered during the first half of the year. During the third quarter GDP indicated a 3.6 percent rise over the same period of the previous year.

Property tax for companies’ headquarters and offices to increase up to 2,500 pct

Property tax for buildings hosting company’s offices will go up next year in some cities to 2,500 pct. compared to the current one, according to a study completed in the main 50 localities which had already drafted the local council decisions.

Who is Romania’s entrepreneur of the year in 2015?

Levente Hugo Bara, the owner of the Supremia food ingredients producer, won the EY Romanian Entrepreneur of the Year 2015 award. He will represent Romania in the EY World Entrepreneur of the Year competition that will take place in Monte Carlo, in June 2016.

Papalekas owns half of the Romanian `City`

Globalworth, founded and controlled by the Greek businessman Ioannis Papalekas, bought with EUR 47 million the second building within Green Court Bucharest office complex from the Sweden’s Skanska.

New Huawei center in Romania after political situation stabilizes

Chinese telecommunications equipment producer Huawei plans to open a new global support center in Romania, most probably in Timisoara, but the project is currently on hold until the political situation in the country stabilizes, according to the company’s representatives.

Construction works pick up pace in September

In September 2015, the volume of construction works increased over the previous month, both as gross series (13.7 percent) and as adjusted series (0.7 percent), show data released by the National Institute for Statistics. In August the volume of construction works had shown a smaller rise in gross series, of 5.2 percent, while adjusted series decreased by 0.4 percent.

Inflation stays negative but climbs 0.1 pct in October

Consumer prices went up by 0.28 percent in October over the previous month, while the annual inflation rate reached -1.6 percent, according to data from the National Institute for Statistics (INS). Though inflation stayed negative in October, it climbed 0.1 percent from September’s value.

Investors Forum by Bucharest Stock Exchange – For investments, money and personal finances management - 14th of November

Regardless of the savings, you can make the first steps in the world of investment. As the Romanian market enters into a period of lower and lower interest rates, the Romanians are looking more towards other types of investments, depending on their objectives.

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Alexandra Filip

+40 745 200 485


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