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Office Market News

Romania supports small and medium enterprises with EUR 3.3 mln

The Romanian Government released on April 22 RON 15 million (EUR 3.3 million) to launch and carry out programs aimed at supporting the small and medium-sized enterprises (SMEs).

JCRA improves Romania’s rating outlook from stable to positive

The Japan Credit Rating Agency (JCRA) has announced the improvement of Romania’s long-term RON- and forex-denominated government debt rating outlook from stable to positive, BBB-/BBB, a Public Finance Ministry press release shows.

Czech developer invests EUR 15 mln in logistics park in Romania

Czech developer CTP will invest up to EUR 15 million this year in the soon-to-be-acquired logistics park Cefin Arad, which is in liquidation.

Bucharest has the smallest office stock in the region, but the best occupancy rate

Bucharest has the smallest office stock compared to the large capitals in Central and Eastern Europe, of only 2.2 million sq m, half of Warsaw, according to a study made by the real estate consultant DTZ.

Carrefour opens new supermarket in Brasov, reaches 93 units

Carrefour group opens on Thursday a new Market store in Brasov, thus reaching a network of 93 Market stores nationwide, announced the retailer according to Mediafax.

Romania has 9 of the world’s top 15 cities with fastest broadband internet

Nine cities in Romania are among the top 15 cities in the world with the highest download speed of fixed broadband internet connections, according to Ookla Net Index.

Higher demand for construction land in Romania’s largest cities: Iasi leads the ranking

Average prices for plots suitable for construction in big cities and their outskirts either stayed relatively stable or had a clear upward trend, according to an analysis by Imobiliare.ro on the past 12 months.

Romanian real estate developer to issue EUR 30 mln bonds

Romanian real estate developer Impact plans to issue corporate bonds in local currency (RON) and raise up to EUR 30 million (RON 135 million) for its projects.

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