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Articles

Most vulnerable sectors to insolvency are constructions and pharma

The most vulnerable sectors of the economy as regards insolvency are constructions and pharma due to the delayed payments, but a difficult situation is found in agriculture, stated Alexandra Predeanu, general manager of ICAP Romania.

Domestic investors to be the most active players in the Hungarian real estate markets

According to CBRE Investment Breakfast Intentions Survey the vast majority of investors expect more than EUR 1 billion of investments in the Hungarian commercial real estate markets in 2016. Participants at CBRE Investment Breakfast hold on 5th Aprils 2016 were much more confident that in 2016 the Hungarian investment volume will increase further than they were last year.

Florin Furdui, CEO, Portland Trust: Green buildings certification imposed by tenants

Office buildings’ green certification was imposed by tenants, mainly as they needed to "check" a list with internal requirements, this being especially the case of corporations as part of the social responsibility policies and not necessarily because they were willing to pay extra, declared Florin Furdui, CEO, Portland Trust.

Ploiesti, Oradea and Pitesti seen as emerging real estate markets

The real estate markets in Ploiesti, Oradea, and Pitesti, together with Arad, Sibiu and Bacau, will see an estimated yearly growth of approx. 5 percent in the next two years, both in terms of transactions but also housing prices, according to RE/MAX Romania.

Vodafone Shared Services Romania moves to City Offices and expands to 1,000 employees

Vodafone Shared Services Romania expands its activity and will exceed 1,000 employees by the end of 2016, from nearly 800 people currently, part of the team being relocated to the company’s new headquarters, in City Offices.

Almost 70 pct of Romanian startups use personal funds for kickoff

Some 69 percent of entrepreneurs used their own funds to start a business in Romania, according to the 2016 Startup Business Barometer study by EY and Impact Hub. These numbers are close to the ones registered in the United States, where 73 percent used their own savings, based on data from the Global Entrepreneurship Monitor 2012 US Report.

Romanian software producer Fortech opens new operational center

Romanian software developer Fortech opened a new operational center in Oradea, in western Romania.

IMMOFINANZ considers Hungary as a promising field for long-term investments

With its nearly EUR 6 billion real estate portfolio – which covers more than 380 properties – in eight core markets in Europe, IMMOFINANZ is a significant player on the market. The Group’s properties in Hungary represent nearly 8% of the company’s total portfolio, including 12 office buildings and 13 retail properties. The company’s Hungarian subsidiary is contributing to the overall success strongly. Viktor Nagy, Country Manager Asset Management Office, IMMOFINANZ Hungary, has been asked to answer a few questions about the company’s successes and plans.

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