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Office Market News

The IT & C sector, the third-largest contributor to Romania's GDP

The IT & C sector made it to the third-largest contributor to Romania's Gross Domestic Product (GDP) and 1,700 relevant projects received European financing, Minister for the Information Society Razvan Cotovelea told the conference for the presentation of the National Strategy on the 2014-2020 Digital Agenda of Romania.

Second largest Austrian insurer targets Romanian real estate market

Uniqa Real Estate Management, the manager of Austrian insurer Uniqa’s real estate assets, is analyzing several real estate projects in Bucharest, although the company is not currently in a position to expand its portfolio.

Coface: Insolvencies in Romania down 17 percent in Q3

During the first nine months of this year 15,575 new insolvencies were registered in Romania, down 17 percent compared to the same period of 2013, when 18.735 new insolvencies were opened, an analysis by credit risk management firm Coface shows. The analysis is based on the data provided by the National Trade Registry.

Uniqa Group wants to fully lease Floreasca Tower in 2015

Uniqa Real Estate Management, a subsidiary of Austrian insurer Uniqa Group and the manager of the company’s real estate portfolio, has completed the refurbishment of Floreasca Tower, the 7,600 sqm office building it owns in northern Bucharest, the company announced on Wednesday.

The Landmark office project gets financing. Total investment of EUR 55 million

The Landmark project is developed on 7,100 sq. m plot in Piaţa Romană area.

Construction works decreased in nine months compared to previous year

In the first nine months of 2014, compared to the similar period in 2013, the volume of construction works decreased by 10.8%, respectively by 11.7%, both as unadjusted series and as series adjusted with the working days number and seasonality.

A group of real estate investors to fully rent the 6th floor of Ethos House

A group of companies owned by real estate developers and investors joins the tenants of the new office building Ethos House by renting nearly 1,000 sq. m representing the entire 6th floor of the building, a transaction brokered by Crosspoint Real Estate.

By 2020, the Romanian IT industry will need 300,000 specialists

With an IT market that currently has a labor force of 120,000 specialists, Romania needs to fuel its fast development in this field by training another 180,000 IT specialists. By 2020, the industry’s needs will be of at least 300,000 people.

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