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Office Market News

Embassy of Egypt relocates Bucharest headquarters

The Embassy of Egypt relocated its headquarters to Dorobanti Square in northern Bucharest, where many other embassies are based. DTZ Echinox brokered the deal.

Romania, among cheapest countries for temporary workforce

The temporary workforce in Romania is among the cheapest in the world, ranking 15th among 75 countries, according to a study by ManpowerGroup Solutions.

Ness SES opens second Technology Innovation Center in Romania, renting 2,800 sq. m

Ness Software Engineering Services (SES) is opening its second Technology Innovation Center in Romania, according to a company statement.

Insolvencies down by half in 2015 but larger companies file for the procedure, says CITR

Over the past year the number of insolvent companies has gone down by half but the impact of these insolvencies on the economy is nevertheless higher as larger companies than before are now filing for the procedure, according to information from insolvency consultancy CITR.

Salaries in IT, still low in Romania compared to Western Europe

The salaries in Romania’s IT sector are still low compared to those in Western Europe, despite the increases recorded in the last year.

Foreign direct investments in Romania, up by 60%

The value of foreign direct investments (FDI) in Romania reached EUR 2 billion in the first seven months of the year, up by 60% year-on-year, said Alexandru Nastase, state secretary in the Department for Foreign Investments and Public-Private Partnership.

Austrian constructor enters real estate development in Romania

Austrian construction group Strabag has decided to enter the Romanian real estate development market by taking over the local team of real estate developer Raiffeisen Evolution. The new employees will become part of Strabag’s Romanian branch and will constitute a separate department.

Skanska Romania acquires land in west-central area of Bucharest

Skanska Romania announced the completion of a transaction for a new plot of land in the west-central area of Bucharest.

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