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Office Market News

Belgian real estate developer resumes investments in Romania

Belgian real estate developer Liebrecht & wooD, which owns the outlet center Fashion House in Bucharest, will re-start investments on the Romanian market.

Costel Căşuneanu’s sons took EUR 3,700/sq. m for a plot in Unirii

On the plot of land sold by the family, an office tower with 17 floors is scheduled for construction.

Retailer Metro transfers software development to Romania

German retailer Metro has moved in two years the software developments operations from Germany to Romania. Metro System Romania, the group’s IT division, has taken over the whole activity.

Over 19,000 companies set up by students in 2014

The number of companies set up by students in line with the provisions of Government Ordinance 166/2003 (on the offering of fiscal facilities to students that want to set up their own businesses) stood at 19,240 in 2014, 2.04 per cent higher year-on-year, the National Commerce Registry Office (ONRC) shows.

Four sectors in Romania, including real estate, most prone to insolvency risk

Companies in the pharma, transport, constructions and real estate sectors are most prone to insolvency this year.

Residential building permits down by 0.3% in Romania

The number of residential building permits went down by 0.3% last year, reaching 37,672.

The government’s objective this year is to cut the VAT starting 2016, says PM

The government’s objective this year is to cut the VAT for all products starting January 2016, said PM Victor Ponta on Wednesday according to Mediafax.

Over 17,000 SRL-D companies currently active at national level

Over 17,000 SRL-D companies (microenterprises belonging to debutant entrepreneurs) are currently active at national level. This means that their number grew by 6,000 companies year-on-year, Florin Jianu, President of the Young Romanian Entrepreneurs (PTIR), stated on Tuesday.

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