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Articles

IKEA’s real estate division started second major project in Romania

Vastint Romania, local real estate division of the Swedish group Inter IKEA, announced the beginning of works for three new office buildings in the second major project the company develops on the local market. Business Garden Bucharest will replace the former industrial platform Baduc in western Bucharest.

Building permits and urbanism certificates to be issued online in Romania

Romania’s municipalities will be obliged to issue building permits and urbanism certificates online, according to changes to the planning and urbanism law to be put into public debate within a week by Romania’s Regional Development and Public Administration Ministry (MDRAP).

Rockwell Automation expands with offices at Bucharest and Budapest

Rockwell Automation, the world's largest company dedicated to industrial automation and information, expands its business in East and Central Europe and has opened two new offices in Bucharest, Romania and Budapest, Hungary.

Iulian Dascălu registered EUR 67.7 revenues from rents in 2015

Local entrepreneur Iulian Dascălu, on e of the richest Romanians, registered last year a turnover of EUR 67.7 million, 10 pct. higher than in 2014, from renting his five malls and seven office buildings.

Software provider ORTEC moved to new offices in Bucharest’s AFI Park 4 building

ORTEC Central & Eastern Europe (CEE), software provider, inaugurated its new headquarters in Bucharest in AFI Park 4 office building, delivered this year by AFI Europe.

Romania’s hourly labour cost sees 10.3 pct annual increase in Q1 2016

In the first quarter of 2016 the adjusted hourly labour cost posted a 10.3 percent increase over the same period of the previous year, while compared to Q4 of 2015 there was a slight drop of 2.5 percent.

EBS, part of Japanese giant NTT, invested EUR 2 million in new headquarters in Cluj

Software services and solutions provider EBS Romania, part of Japanese group NTT (Nippon Telegraph and Telephone Corporation), opened in Cluj-Napoca its new headquarters, EBS Tower, a building with 12 floors, where 520 people are currently working.

Belgian Atenor to develop office building downtown Bucharest

Belgian group Atenor is close to complete tha acquisition of a plot of land of 3,500 sq. m downtown Bucharest, situated at the crossroad of Calea Victoriei with Dacia Blvd., intended for a new office project, according to sources in the market.

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