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EMILIA BUNEA, CEO, METROPOLITAN LIFE
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The Bridge to host the biggest restaurant within an office building in Bucharest, says DTZ

The Bridge business centre, developed by Forte Partners, will host Boutique Food Hall, the biggest restaurant within an office building in Bucharest, with an area of over 1,000 sqm, following a ...

AFI Europe Romania reached 46 million Euro net operating income in 2016, 15.5 per cent up compared to 2015

The Romanian subsidiary of real estate company AFI Europe announced a 46 million Euro net operating income in 2016, up 15.5 per cent against the previous year, according to company data.

S IMMO AG completes the first phase of Sun Plaza remodelling

S IMMO AG completes the first part of the remodelling process for Sun Plaza shopping centre in Bucharest. On March 23rd, the newly reconfigured area within Sun Plaza will open to the public, hos...

Office transactions outside Bucharest increased by 53 per cent last year, says ESOP

Office space transactions outside Bucharest have increased by 53 per cent last year, reaching a total volume of 71,560 sqm, according to a report released by ESOP Consulting.

Forte Partners to start second phase of The Bridge office project

Local real estate developer Forte Partners will start building the second phase of The Bridge office project this year, according to Geo Margescu, managing partner of the company.

Number of employees in Bucharest office market to reach 260,000 this year, says DTZ

The number of employees working in A and B office buildings in Bucharest reached 233,000 at the end of 2016, 30,000 more than in 2015, recording the highest level in past three years, according ...

Colliers: Industrial and logistic stock to increase by 500,000 sqm this year

Industrial and logistic stock will increase by about 500,000 sqm this year, continuing the upward trend of 2016, according to Colliers International. About 80 per cent of new deliveries are expe...

JLL appoints Alina Cojocaru as head of valuation department

Alina Cojocaru was appointed head of valuation department at JLL Romania, starting February 15, a press release shows. She will be responsible for the extension of JLL valuation portfolio by pro...

Immofinanz leased over 80,000 sqm of its Bucharest office portfolio last year

Immofinanz, one of the leading real estate investors in Romania, has leased over 80,000 sqm of its Bucharest office portfolio in the abbreviated financial year 2016, the equivalent of 10,000 sqm...

Commercial property investments in Romania exceeded 850 million Euro last year, says DTZ

In 2016, the total volume invested in commercial property in Romania exceeded 850 million Euro, a DTZ Echinox report shows. Bucharest attracted 660 million Euro, which represents 77 per cent of ...

Investors pour more money into the booming CEE hotel industry, says Cushman & Wakefield

The investment volume achieved in 2016 totalled almost 1.2 billion Euro with 46 transactions recorded in core CEE hotel investment markets, while in 2015 reached just over 700 million Euro with ...

Dentons advises CPI Property Group on CEE retail portfolio acquisition

Dentons advised CPI Property Group on the acquisition of a portfolio of 11 retail properties from CBRE Global Investors, including six major regional shopping centres, in Romania, the Czech Repu...

Immofinanz launches its myhive office concept in Romania

Immofinanz, one of the most important real estate investors in Romania, introduces its office brand myhive to the local market, to be implemented in five of its class A office buildings in Bucha...

Palace Estate brokered deals valued at 10 million Euro last year

Real estate brokerage and consultancy company Palace Estate brokered real estate deals valued at 10 million Euro in 2016, a press release shows.

JLL appoints new head of Industrial for Romania

JLL has announced that Costin Banica, business developer Industrial Agency, has been appointed to the role of Head of Industrial for Romania, effective 17 February 2017.

Three office buildings to be developed by Iulius in Timisoara

This spring, the Iulius company will start the construction works for three new class A office buildings within the Openville Timisoara mixed-use project, located near Iulius Mall, a press relea...

ESOP Consulting assisted Harman International on a lease agreement for 7,700 sqm in Metroffice

American company Harman, designing and engineering connected products and solutions for automakers, consumers and enterprises worldwide, signed a lease agreement for 7,700 sqm in Metroffice, the...

Sonae Sierra reached over 180 million Euro net profit in 2016

Sonae Sierra, the international property company dedicated to dedicated to retail real estate development, recorded a net profit of 181 million Euro in 2016, compared to 142 millione Euro in 201...

DTZ Echinox rebrands as Cushman & Wakefield Echinox

Cushman & Wakefield, a leading global real estate services firm, has signed an exclusive arrangement with DTZ Echinox as its affiliate in Romania. The formal affiliate appointment follows the 20...

Industrial spaces demand has reached historic high in 2016, says JLL

Demand of industrial and logistics spaces grew last year by 50 per cent to over 460,000 square meters, recording the highest level in the history of the Romanian market, according to JLL Romania...

Modern retail stock outside Bucharest reached 2.3 million sqm, says DTZ

At the end of 2016, the modern retail stock outside Bucharest reached 2.3 million sqm. Shopping centres account for about 60 per cent, while retail parks and commercial galleries represent 34 pe...

Modern retail stock in Bucharest reached 1.2 million sqm, says DTZ

The modern retail stock in Bucharest reached 1.2 million sqm at the end of 2016 and consists especially in shopping centres (56 per cent) and retail parks (33 per cent), while commercial galleri...

Colliers: Land market dominated by demand for residential and mixed projects

Romanian land market in 2016 was characterized by an increased demand from the residential and retail projects, according to a report by Colliers International. Interest in these sectors will be...

JLL appoints Silviana Petre Badea to lead Romania business

JLL has appointed Silviana Petre Badea as managing director of its Romanian business, based in Bucharest, with effect from 1 March 2017.

More on News
Energy Performance Contracting for public buildings

The Romanian Association for Promoting Energy Efficiency (ARPEE), established in 2012, has as overall scope the mobilization of its members’ resources and competences to actively participate i...

Dragnea: There is no risk of PSD getting destabilized

Leader of the Social Democratic Party (PSD) Liviu Dragnea told a private broadcaster on Sunday that there is no risk of his party getting destabilised as he and the incumbent party leadership ha...

SRI and DNA have no protocol, says SRI Spokesman

Spokesman of the Romanian Intelligence Service (SRI) Ovidiu Marincea stated that the SRI does not have any protocol with the National Anticorruption Directorate (DNA), but he added that there ar...

Iohannis at Government meeting: I discussed with the PM; I am pleased with how you do your job

President Klaus Iohannis said on Wednesday he had, before the Government meeting, a "very applied" discussion with Prime Minister Sorin Grindeanu, and the head of state told the Government membe...

President Iohannis wants to address Parliament on 7 February

President Klaus Iohannis sent a letter to the Heads of the two Chambers of the Legislature, in which he reveals that he wants to address Parliament on 7 February, in respect to the amendments ma...

Minister of Justice: Bill amending Criminal codes put up for public debate

Minister of Justice Florin Iordache announced that the bill amending the Criminal codes will be put up for debate on Monday for a 30-day period, and that it will also include the articles that h...

Kovesi on draft amendment of Criminal Code: Guised decriminalization of abuse of office

Chief Prosecutor of the National Anti-Corruption Directorate (DNA) Laura Codruta Kovesi said on Wednesday that the draft emergency ordinance amending the Criminal Code and the Criminal Procedure...

MEP Negrescu to Farage: Romania does not take lessons in fairness from man investigated for corruption

Member of the European Parliament Victor Negrescu conveyed in an open letter addressed to Nigel Farage, that the former leader of the UK Independence Party (UKIP) should not talk about corruptio...

PM Grindeanu: We support our views on 2017 budget

The Government will support its views in respect to the 2017 budget draft in the Supreme Council for National Defence (CSAT) meeting on Tuesday, Prime Minister Sorin Grindeanu said, according to...

Iohannis: 2017 budget is a problematic and risky one

President Klaus Iohannis said that the budget draft for 2017 is a problematic and risky one, pointing that there is the real risk for the deficit of three percent to be exceeded, according to Ag...

PM Grindeanu says he does not share President's concern regarding 2017 budget

Prime Minister Sorin Grindeanu stated on Tuesday that he doesn't share the concern that President Klaus Iohannis expressed regarding the budget for 2017, according to Agerpres.

Iohannis: I request Government to abandon demarches on pardon and amendment of Criminal Codes

President Klaus Iohannis requests the Government to "abandon" the demarches regarding pardon and the amendment of the Criminal Code, Criminal Procedure Code, underlining that "the people's voice...

European Commission: The fight against corruption in Romania needs to be advanced, not undone

A joint statement of president Juncker and first vice-president Timmermans from the European Commission, on the fight against corruption in Romania, shows that "the fight against corruption need...

PM Grindeanu wishes for 2019 with no CVM for Romania

Premier Sorin Grindeanu stated, on Thursday, at the headquarters of the European Commission, that he wishes in 2019 the Cooperation and Verification Mechanism (CVM) for Romania to be lifted, acc...

President Iohannis: Romania's foreign and security policy will remain on same essential coordinates

Romania's foreign and security policy will remain on the same essential coordinates as until now, in the context in which our country must keep its regional position of stability and predictabil...

EU disaster response mechanism found effective and well-coordinated

The European Court of Auditors released a report on the EU Civil protection mechanism - managed by the European Commission - pointing to its successful deployment in response to recent natural d...

Justice Ministry gives up draft law sent to CSM

The Justice Ministry (MJ) gives up the draft law on modifying and adding the normative acts concerning the Criminal Codes, already forwarded to the Superior Council of Magistrates (CSM), as it w...

Iohannis: Enough arguments for Government to withdraw pardon and criminal codes amendment drafts

President Klaus Iohannis maintains that there are enough arguments to determine the Government to withdraw the drafts referring to pardon and the amendment of the criminal codes, mentioning that...

Iohannis: PSD's first concern to deal with criminals' files

President Klaus Iohannis told the Parliament plenary session on Tuesday that the ruling party, PSD (Social Democratic Party), after winning general election, has had a "suicidal strategy", its f...

Iohannis: Budget approach lacks needed responsibility in security context

President Klaus Iohannis sent a letter to Prime Minister Sorin Grindeanu drawing the attention that the approach on the budget construction doesn't prove the responsibility that the political an...

Justice minister: GEO drafts on criminal legislation will be in accordance with observations and consultation

The draft emergency ordinances regarding pardon and the amendments of the Criminal Code and the Criminal Procedure Code will be in accordance with the observations and the public consultations, ...

Iohannis: Justice independence seriously breached; we must take attitude; first step - CCR notification

Justice independence has been seriously breached by the Government by adopting the Government Emergency Ordinance (GEO) for the modification of the criminal codes, President Klaus Iohannis said,...

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Daily Info
Enel to invest 329 million Euro in Romania in 2017-2018
Enel has planned investments for a total of 329 million Euro for the current regulatory cycle ending in 2018, of which of over 151 million Euro are due for 2017 and 178 million Euro for 2018.

Commissioner Cretu underscores need for monitoring implementation of major projects in Romania
European Commissioner for Regional Policy Corina Cretu welcomed Romania's Minister of Research and Innovation Serban-Constantin Valeca in Brussels to discuss the latest developments in the implementation of pro...

Uber to launch carpool service in Romania by 2020
Uber Romania said that the app reached 250,000 users in 2016, three times higher than the launch in February 2015, with Romania ranking second in Central and Eastern Europe after Poland in terms of Uber users....

BMW Group explores Romanian IT industry opportunities
BMW Group officials have come to Romania to start discussions about collaboration with IT&C companies to provide software solutions for BMW.

Illegal logging in Romania reduces in 2016
Preliminary data in a 2016 report on Romania's forestry indicate that illegal logging was down in 2016, said the Romanian Ministry of Water and Forestry (MAP), according to Agerpres.