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Articles

Romanian Finance Minister: Minimum wage goes up in May

The minimum wage will increase to RON 1,250 (EUR 280) starting May 1 this year, like previously announced, said the Finance Minister Anca Dragu.

FotoNation, new tenant of AFI Park brings occupancy rate to 60 pct

AFI Park 4&5 office buildings owned by AFI Europe România reached 60 pct occupancy rate after the signature of a lease agreement with FotoNation, a TESSERA company, with activity in the field of computing imaging.

Swiss media group could buy Romanian real estate portal

Swiss media group Ringier is in negotiations for acquiring the local real estate classifieds portal Imobiliare.ro, according to market sources cited by local Ziarul Financiar.

Flexible office solutions - Interview with Ramona Iacob, Country Manager Romania for Regus

Market pundits say that the working environment is changing with a fast pace, mostly in terms of mobility and employees’ needs during the working hours. Companies have also evolved from strict clocking to a policy valuing more the accomplishments and completed tasked rather than desk hours per se. “Nine to five” is about to become an obsolete concept, leaving a huge gap to be filled as a market potential by companies offering alternative office services, such as Regus.

NEPI refurbishes its Braila Mall and expands it by 2,450 sqm

New Europe Property Investments (NEPI) has started works of expansion and refurbishing on its Braila Mall, according to a company press release. With a delivery date set for the end of 2016, works currently carried out will take the shopping center’s total leasable area to 57,250 sqm.

Individual real estate developers in Romania to be taxed as PFA for their revenues from transactions

Real estate developers which are individuals will be taxed with 16 pct, as the independent activities, apart from 2 pct or 3 pct on the sale price, according to the modification proposals of the Fiscal Code, debated by the Ministry of Finance.

Over 200,000 people now work in class A or B office buildings in Bucharest, says DTZ

Some 204,000 people were working in modern class A or B office buildings in Bucharest at the end of Q4 2015, according to data from real estate services firm DTZ Echinox. It is for the first time when this number surpasses the 200,000 employees’ threshold, according to the company.

Mall with offices, the new bet of Bucharest’s developers

„The mall and associated parking spaces increase the attractiveness for everything around them. The attractiveness of a mixed-use project is higher than of a simple one“.

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