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IT&C companies took over 60 pct. of the pre-rental transactions on the office market in Bucharest

The office market in Bucharest have registered in the last five years transactions signed for nearly 1.24 million sq. m of modern spaces, with pre-rental transaction representing approx. 17 pct and higher values in the last two years.

Veranda Mall in Bucharest reaches 70 pct occupancy rate before proposed opening

Veranda Mall, a commercial complex in Bucharest’s Obor area, has reached a 70 percent occupancy rate before its scheduled opening in the last quarter of the year, developer Prodplast Imobiliare announces.

Insolvencies drop, deregistration and closures surge in 2015

The number of insolvencies of Romanian companies decreased in 2015 by 50.38 percent, while deregistration surged by 23.39pc, dissolutions by 52.53pc and temporary suspensions of operations by 12.1pc, according to data released by the National Trade Register Office (ONRC).

Anchor Group to reconvert 20 pct. of the Plaza Mall in Bucharest to offices

More than 10,000 sq. m of the Plaza Mall area will be reconverted in office spaces, a project currently undergoing under the renovation process of the mall in Drumul Taberei neighbourhood in Bucharest, which will be completed this spring.

COS, leading specialist in workplace consultancy, design and fit-out, estimates a turnover increase of 25% in 2016.

COS (Corporate Office Solutions), the first fully integrated office design & build specialist in Romania, recorded a 16.2million Euros turnover in 2015, with an increase of 2% compared to last year. The increase marks an all time high sales record for the company in its 18 years on the Romanian market. The estimated result by the end of the year is 20 million Euros, with a 25% increase, compared to 2015.

Finance Minister: Romania can be the investors’ new darling

Romania’s Finance Minister Anca Dragu believes that Romania can become one of the foreign investors’ favorite destinations in Eastern Europe, as the political changes in Poland have eroded the investors’ confidence in this country, until recently the region’s top performer.

Zero-energy buildings in Romania starting December 31, 2020

All new buildings commissioned on building permits issued starting December 31, 2020 will be nearly zero-energy buildings (nZEB), the Ministry of Regional Development and Public Administration (MDRAP) informs in a statement issued on Friday.

Mega Image continues fast expansion with planned EUR 50 mln annual investments

Mega Image will continue its expansion at the same rhythm it had during the last years, planning to invest some EUR 50 million per year, Vassilis Stavrou, director of Mega Image said, as quoted by Mediafax. The company will also open a second logistic center in Stefanesti at the end of Q3, covering a 34,000 sqm area, the representative announced.

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