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Residential construction permits up 3.6 pct during first 11 months of 2015

Residential permits presented an upward trend during the first 11 months of 2015, rising 3.6 percent over the same period of the previous year, while November showed a 9.1 percent increase y-o-y, according to data released by the National Institute for Statistics (INS).

World Bank positively revises Romania’s economic growth to 3.9 this year

The World Bank released its “Global Economic Prospects” report, which included positively revised values for Romania’s economic growth, Agerpres informs. The financial institution projects a 3.6 percent growth for 2015 and 3.9 percent for this year, up by 0.6 percent and 0.7 percent, respectively, as compared to previous forecasts.

Survey: 2016 could be the best year for Romania’s economy after 2009

The Romanian economy could record its highest performance after 2009 this year, according to a survey made in December last year by the business information and credit risk management firm KeysFin.

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.

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