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Office Market News

Romanians of any age can set up first enterprises free of charge

Romanians of any age who had not previously started up in business, have the right to set up a small enterprise free of charge, thanks to the law on encouraging the setting up and development of small enterprises, adopted by the Chamber of Deputies on Wednesday, the Department for SMEs, Business Milieu and Tourism informed.

Dinu Patriciu sold an office project in Berlin to a German investment company

The German investment company Real IS Investment bought from Dinu Patriciu an office complex in Berlin, bought by the businessman in 2006-2007.

Romania, third increase in EU in terms of labour cost

Romania reported over the first quarter on a year-on-year basis the third highest increase in the hourly labour costs, 5.3 percent, over the 1.4 percent average European figure, but slower than in Latvia, 7 percent and Estonia, 6.8 percent.

NEPI received the construction permit for EUR 37 million office project near Government

South-Africa’s investment fund NEPI, which reached a real estate portfolio of approx. 1 billion Euros on the local market, has received last week the construction permit for the development of an office building near Government headquarters in downtown Bucharest, a project involving an investment of approx. EUR 37 million.

EUR 5 mln to be invested in converting Bucharest historical building into retail and office center

FF Group Romania, the former Elmec Romania, has signed a EUR 4 million loan agreement with the local branch of Turkish Garanti Bank to finance the reconversion of a Bucharest historical building into a 5,000 sqm retail and office center, the bank announced today. The entire investment in the project will amount to EUR 5 million.

Residential and commercial demand for pavers is returning, says Symmetrica Romania

Although the market for pavers continues to be mainly fuelled by public and infrastructure projects, the beginning of the year has seen a “slight increase” of demand for pavers coming from residential and commercial projects, said today representatives of Romanian pavers and vibropressed borders manufacturer Symmetrica.

Ramboll expanded to 1,300 sq. m in Phoenicia BC

The company Ramboll expanded its lease area in Phoenicia BC office building in Unirii-Alba Iulia area in Bucharest, to 1,300 sq. m.

Romania has the chance to become an emerging market over the next 12-18 months

The representatives of the industry of funds administration, segment of the economy which last year recorded the fastest increase since the beginning of the economic crisis, considered that Romania has big chances to go from the statute of border market to that of emerging market in the next 12- 18 months.

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