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Office Market News

Real Estate Deals of the Year

Romania’s market for mergers & acquisitions (M&A) has remained at around EUR 1 billion in 2013, driven by deals in the banking and renewable sector, although big investors have held back and are carefully planning moves for next year, say deal makers.

Analysis: the Romanians work 6 days per month to pay the salary taxes, as much as the Czechs and double than the Ukrainians

The Romanian employees work approximately six days per month only to pay the salary taxes to the state, similarly to the Czechs, one day less than the Hungarians but approximately the double as compared to the Ukrainians, according to an analysis made by the consultancy company Accace.

Largest Office Areas Rented this Year

The total area estimated for office lease transactions in 2013 is 250,000 sq. m, with 10% increase compared to last year’s volume, according to a recent market research of RICS Romania. UpGround and AFI Park attracted the largest office lease transactions by far. Wall-Street.ro made a top of the transactions this year, including new leases and expansions.

Taxation, competition, lack of demand – main problems faced by companies

The high level of taxation, competition and the lack of demand are the main problems faced by companies, according to a survey conducted by the Central Bank (BNR)’s Financial Stability Directorate, the BNR’s chief economist Valentin Lazea told the conference ‘Lessons Learn in Five Years of Crisis,’ yesterday, Agerpres informs.

Statistics keep the economic growth estimate at 1.6% in Q3 and 2.7% at nine months

The National Statistics Institute (INS) keeps the announced estimate in November regarding the evolution of the GDP, according to which the economy grew by 1.6% in Q3 against the previous three months and with 4.1% against July-September 2012, so that at nine months the advance is 2.7% supported by industry and agriculture.

Regus intends to reach 15 flexible offices centres in Romania in the next years

Regus, a company specialized in sub-leasing office spaces, considers the expansion of the flexible offices concept to the entire country level, reaching 15 centres in the next four years.

RICS Romania: 10 pct. Growth of the Office Area Transacted in Bucharest

The office area transacted in Bucharest this year will exceed 250,000 sq. m, with 10% growth compared to last year, with outsourcing, IT and pharmaceutical companies being the most active sectors, representing three quarters of the rentals, according to a research of RICS Romania.

New Leases in West Gate and Novo Park: 5,000 sq. m Offices for SocGen and UniCredit

The office parks West Gate and Novo Park, developed by the company Genesis Development, reached 94% and respectively 99% occupancy rates, following the signing of new rentals for a total area of 5,000 sq. m of two existing tenants, Société Générale and UniCredit Business Integrated Solutions
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