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Elisabeta Moraru, Google Romania
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Bucharest total office space take-up reached 100,000 sqm in Q1

Q1 2017 saw class A & B take-up reach approximately 97,300 sqm, according to Knight Frank Romania. There were 9,550 sqm delivered in two projects in CBD (Central Business District), and the aver...

Colliers International to manage Phoenix Tower and Construdava office buildings in Bucharest

The real estate consultancy company Colliers International Romania was appointed by the Adam Europe Group to take over the management of Phoenix Tower and Construdava office buildings, a press r...

Skanska to develop new office project in Bucharest

Skanska starts the construction of the first phase of the Equilibrium office project, located in the northern part of Bucharest, in the Barbu Vacarescu - Floreasca area. The first building will ...

C&W Echinox recruits Anamaria Tihu to expand its industrial department

Cushman & Wakefield Echinox consolidates its industrial department by recruiting Anamaria Tihu, a specialist with over 10 years' experience in sales. Anamaria Tihu will act as a Senior Consultan...

E van Wijk agrees new lease at P3 Bucharest park

Pan-European logistics property investor-developer P3 has signed a deal with Logistic E van Wijk, provider of integrated transport and logistics services, to lease 10,180 sqm of warehouse space ...

Logistics and industrial spaces close to full occupancy in Q1

The vacancy rate for logistics and industrial spaces in Bucharest is close to zero, with low deliveries of new projects and high demand in the first quarter.

Globalworth to become the sole owner of the Green Court Bucharest Campus

Globalworth Real Estate Investments has announced the acquisition of Building "C" of the Green Court Bucharest campus developed by the Swedish group Skanska, a press release shows. The gross tra...

Portland Trust reached almost 80 per cent occupancy rate for Oregon Park project

Portland Trust, one of the most important real estate developers in Romania, announced a leasing contract for 35,000 sqm of office space in Oregon Park, accounting for 78.6 per cent of the total...

IULIUS and Visma Software sign deal for 4,200 sqm in UBC 3 building within Openville Timisoara

The IULIUS Company and Visma Software, a Norwegian developer of business management software solutions, have signed a lease agreement for office premises within the United Business Center 3 (UBC...

AFI Europe Romania posts increasing net operating income in H1 2017

AFI Europe Romania published its H1 2017 financial results, generating a Net Operating Income (NOI) from its income producing assets in Romania of 25 million Euro in H1, representing 11.5 per ce...

Land transactions volume reached record high last year in Bucharest, says C&W Echinox

Last year in Bucharest the total land area transacted was of 110 ha, the highest volume recorded in the last ten years, according to C&W Echinox. In terms of value, land transactions amounted to...

Israeli developer SBR to start second phase of New Point residential project in Bucharest

Israeli-based real estate developer, Shikun & Binui RED, announces that has sold 50 per cent of the first phase from the residential compound New Point, localized in Pipera, North of Bucharest a...

AFI Europe Romania receives LEED Platinum pre-certification for AFI Tech Park business campus

AFI Tech Park, the newest office project developed by AFI Romania, achieved LEED Platinum pre-certification, the most prestigious recognition awarded by the United States Green Building Council ...

Globalworth to develop new headquarters for Groupe Renault Romania

Globalworth Real Estate Investments announces the acquisition of a 57,000 sqm land plot previously owned by Coca-Cola HBC Romania and the development of Groupe Renault Romania's new headquarters...

Industrial spaces demand up by 50 per cent in H1 2017, says JLL

The total demand for industrial and logistics space continued to grow in the second quarter, so that by mid-year the leased area exceeded 350,000 square meters, 54 per cent more than the similar...

More on News
Over 19,000 business plans submitted for Start-Up Nation program

Start-Up Nation Government program attracted over 19,000 business plans and a new edition will take place next year, said Ilan Laufer, Minister for the Business Environment.

PM Sorin Grindeanu: 5.7 per cent economic growth - confirmation that the measures taken by the Government are the right

The 5.7 percent economic growth registered in the first quarter of 2017, as compared to the first quarter of 2016, an evolution which exceeds the expectations of analysts and international bodie...

Sorin Grindeanu hails the support for CVM lifting before 2019

Prime Minister Sorin Grindeanu met at Victoria Palace with the European Commission President Jean-Claude Juncker. The meeting was also attended by the Public Finance Minister Viorel Stefan, Fore...

President Iohannis to hold political consultation to designate future PM

Parliamentary parties are invited today to the Cotroceni Presidential Palace for consultations with President Klaus Iohannis over the designation of the future prime minister, Agerpres reads.

Deloitte: The M&A market has doubled in the first half of the year

The M&A market in Romania has reached 889 million Euro in the second quarter of the year according to public sources and disclosed transactions, more than double compared to the first quarter, a...

EIB lends one billion euro to Romania for transport infrastructure projects

The European Investment Bank (EIB) is lending one billion Euro to co-finance with European Structural and Investment Funds priority transport infrastructure projects totalling 6.8 billion Euro t...

Business Lease posts four million Euro turnover in the first semester of 2017

Business Lease, international company providing complete mobility solutions through Operational Leasing, Car Fleet Management and Rental in Romania, closes its first semester of 2017 with a turn...

New trading symbol for Patria Bank shares on Bucharest Stock Exchange

Patria Bank shares, a credit institution that operates on the Romanian banking sector, are traded under a new symbol on the Bucharest Stock Exchange (BVB) market, following the successful merger...

Chinese delegation seeks investment opportunities in Romania

Prime Minister Mihai Tudose discussed at the Victoria Governmental Palace on Thursday about the opportunities to invest in Romania with an official delegation of the People's Republic of China, ...

Fondul Proprietatea urges President Iohannis not to promulgate the Ports Law

Fondul Proprietatea has sent a letter to President Klaus Iohannis outlining several reasons that constitute, in the Fund's view, a strong basis for the non-promulgation of the recently adopted l...

BVB second place in the region by number of IPOs in H1 2017

Bucharest Stock Exchange (BVB) is the second market in Central and Eastern Europe where initial public offers (IPOs) were successfully concluded in the second quarter of this year, with a total ...

EBRD launches energy efficiency framework for Romanian households

Supporting Romanian households to save energy and money, the European Bank for Reconstruction and Development (EBRD) is launching a 100 million Euro Green Economy Financing Facility (GEFF) for t...

Romanian ruling coalition plans tax overhaul ahead of key parliament vote

Romania's ruling Social Democrats unveiled plans on Thursday to overhaul taxation from 2018, ditching a flat 16 per cent tax on income and profit that has attracted investment into the European ...

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AFI Europe Romania posts increasing net operating income in H1 2017
AFI Europe Romania published its H1 2017 financial results, generating a Net Operating Income (NOI) from its income producing assets in Romania of 25 million Euro in H1, representing 11.5 per cent higher result...

Bonds of Globalworth will start trading on Bucharest Stock Exchange on July 31
Bucharest Stock Exchange (BVB) informs that the bonds of Globalworth will start trading on the main market on July 31, 2017, and are defined by the following: 5,500 bonds, nominative, dematerialized, freely tra...

OTP Bank Romania to take over Banca Romaneasca from National Bank of Greece
The National Bank of Greece signed an agreement with OTP Bank Romania on the sale of its equity holding of 99.28 per cent in Banca Romaneasca. The transaction involves the shares in Banca Romaneasca (BROM) held...

The healthcare system must be a priority, FIC says
Health is now a priority for Romanian authorities and the total spending on healthcare has grown significantly over the last four years (although it is still the lowest proportion of GDP allocated to healthcare...

CET Govora reached 30 million RON profit in H1 2017
Heat and electricity producer CET Govora registered a net profit of 30.6 million RON in the first six months of 2017, compared to a net loss of five million RON in the same period of last year....