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Romania’s office market in 2016: High number of relocations due to law changes, fewer low-quality office spaces

There will be a high number of relocations in the local office market in 2016, mainly due to the legislative changes and major consolidation of some multinationals headquarters, according to Alexandru Petrescu, Managing Partner ESOP Consulting l CORFAC International.

Number of Romanian companies with foreign ownership on the rise in November 2015

Statistics from the National Trade Register Office show that Romanian companies with foreign ownership have been on the rise, increasing by 2.7 percent from January to November 2015, according to Agerpres.

Number of insolvencies drops by half in Romania

The number of local companies that entered insolvency dropped by 52% in the first eleven months of 2015 compared to the same period of 2014, from over 19,000 to about 9,500.

Office market in 2015: Bucharest is up 4 positions in most expensive cities top

London stays the most expensive office market in the world, followed by Hong Kong and Beijing, while Moscow is out of Top 10, being replaced by Shanghai, according to a study conducted by CBRE, which places Bucharest on the 110th position from 126 markets, four places up compared to 2014.

Office building Sky Tower in Bucharest gets EUR 10 million from shareholder for new investments

The company SkyTower Building, the administrator of the highest office building in Bucharest, has received a capital increase of nearly EUR 10 million from Sky Tower Ingatlan, registered in Budapest.

Over 350 commercial spaces available for sale in Bucharest

There are around 360 commercial spaces for sale in Bucharest during this period, the most expensive ones being in the center and North of the capital city, with prices ranging from EUR 5.1 million down to EUR 6,000, according to Agerpres.

Secure Property Development & Investment continues real estate investments in Romania

Investment fund Secure Property Development & Investment intends to continue this year the investments in properties with revenues growth potential, after the real estate assets managed by the company mostly in Romania reached EUR 126 million value.

Local businessman gets EUR 9 million loan for real estate project in Cluj-Napoca

Family of Romanian businessman Vasile Pușcaș gets a loan up to EUR 9 million from Libra Bank, in order to finance the construction of a residential project in Cluj-Napoca. The project is developed on a part of the former Ursus beer factory platform, demolished in 2012 by SABMiller group.

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