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Three new transactions in Calea Floreasca/ Barbu Vacarescu area

The retailer Domo Srl, specialized in electronics, household appliances and IT&C, took over a space of approx. 1,400 sq. m in the office building Art Business Center 5, on 71-73 N. Caramfil Blvd., situated in the area Calea Floreasca/Barbu Vacarescu. Following this transaction, the occupancy rate of the building reached over 95 pct.

Engineering software provider expands its Technology Innovation Centre in Romania

American engineering software provider Ness Software Engineering Services (SES) is expanding the workforce in its Iasi Technology Innovation Centre, in northeastern Romania.

Bucharest offices flocked in north and centre of the city. South and east, the less attractive areas for developers

The north and centre Bucharest gather approx. 2 million sq. m of offices, namely over 85 pct. of the total stock in Bucharest, according to ZF calculations based on the data from the real estate consultant CBRE.

Study: 88 pct of the Romanian entrepreneurs are expecting business growth in 2015

The majority of local entrepreneurs are confident about the local economy’s evolution and estimate that their companies will have higher revenues this year, showing that the Romanian business environment is moderately optimistic, according to a study by Raiffeisen Bank.

Marius Şcuta, JLL: Real estate market continues its ascending trend

The area Aurel Vlaicu-Barbu Văcărescu will continue to develop in the following period, as six-seven office buildings will be developed in the area, but big chances are that the central-western Bucharest also get the attention of the investors, from Basarab bridge to AFI Cotroceni, considers Marius Şcuta, head of office department and tenant represen­tation of John Lang LaSalle (JLL) .

World Bank continues to finance Lidl and Kaufland expansion in Romania

German retailers Lidl and Kaufland, both owned by the German group Schwarz, will receive a EUR 60 million loan from the World Bank to continue their expansion in Romania.

Fitch Ratings affirms Romania at 'BBB-' and 'BBB' and Stable Outlook

Fitch Ratings has affirmed Romania's long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB-' and 'BBB', respectively, the Public Finance Ministry informed in a Saturday release.

Construction starts on first solar powered residential complex in Romania

Construction works on the Solar Neighbourhood, the first project in Romania designed to be powered by photo voltaic solar panels, have started in Bucharest and are projected to end in September 2017, according to an announcement by developer Ad Astra Partners.

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