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Office Market News

S&P: Romania scored 9.8 percent for the five-year cumulative default probability

In terms of the capacity to honor its foreign debts in the next five years, Romania is currently in a better position than countries such as Italy, Hungary, Bulgaria, Portugal and Greece, shows the latest report by Standard & Poors - "S & P Capital IQ Sovereign Debt Report Q4 2014".

IT services provider Luxoft expands Romanian offices to accommodate higher headcount

Swiss IT services provider Luxoft extended its Romanian headquarters, located in Novo Park office complex in Bucharest, by leasing an additional floor in the building, according to Genesis Development, Novo Park’s owner.

How much do companies gain from their Romanian employees?

Human capital return on investment (HC ROI) in Romania, calculated as the number of monetary units generated by each employee for each monetary unit invested in his salary, is 1.30, according to the 2014 PwC Saratoga study.

Capital Economics: inflation will be at 0.8% this year, much under the expectations of the market

Inflation will be at 0.8% in Romania this year, much under the expectations of the market, which hoped to have a rate of 2.5% but, among the countries in Central and Southern-Eastern Europe only Romania and the Czech Republic will avoid deflation due to the drop in the price of oil, estimate the analysts in Capital Economics.

Lenovo Romania reaches 160 employees after absorbing IBM’s local server division

The local subsidiary of Chinese PC maker Lenovo has completed the takeover of the x86 servers division and the transfer of teams from IBM Romania, raising Lenovo Romania’s staff numbers to 160 from just 12, said Aurel Netin, head of Lenovo Romania.

Europe House reaches 97 pct occupancy rate

Europe House office building has reached a 97 percent occupancy rate after closing a deal for 1,550 square meters with Arnia Software, according to DTZ Echinox.

Romania among countries with record number of insolvencies

Romania ranks 10th of 42 countries in a Euler Hermes top, according to the number of insolvencies in 2014 and was included in the group of countries with record level of firms in insolvency, trying to get stable. A slight drop of 1% is estimated for this year.

Alina Necula is the new head of marketing of Immofinanz Romania

Alina Necula has been appointed head of marketing of Immofinanz Group’s local branch, the Austrian real estate company announced on Tuesday.

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