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Ilinca Paun, Colliers International
"Romania has become one of the prime locations for IT or BPO/SSC companies to set up sho»
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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...

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...

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.

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 ...

The Bridge to host the biggest restaurant within an office building in Bucharest

Business centre "The Bridge", 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 ...

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

American company Harman, designers and engineers of connected products and solutions for automakers, consumers and enterprises worldwide, signed a lease agreement for 7,700 sqm in Metroffice, th...

Immofinanz recorded a loss of 182 million Euro for 2016 financial year

Immofinanz group posted a loss of 182 million Euro for abbreviated 2016 financial year, the result negatively influenced by Russia and valuation effects, a press release shows. Net profit (inclu...

P3 expansion in 2017 starts with 243 million Euro Spanish portfolio acquisition

Pan-European logistics property investor-developer P3 has started its latest phase of expansion with the acquisition of a 322,500 sqm portfolio of 11 logistics and distribution warehouses in Spa...

Logistics and industrial spaces close to full occupancy in Q1

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. According to data from JLL Romania, only...

Liberty Center reached 70 per cent occupancy rate in the last six months

The occupancy rate in Liberty Center Shopping Mall reached a level higher than 70 per cent in the last six months, after attracting new tenants for 18 per cent of the shopping centre's area, dat...

Retail market in 2017 to be dominated by strip malls and new retail concepts, says Colliers

Romanian retail market will continue to grow this year, with 180,000 sqm to be delivered, according to data from Colliers International. The biggest retail amount is represented by strip mall pr...

P3 continues P3 Bucharest park expansion, starting new warehouse in 2017

Pan-European logistics property investor-developer P3 started the construction of a new warehouse at P3 Bucharest park. The 13,900 sqm logistics facility will include 400 sqm of offices. P3 is a...

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 to manage Art Business Center, the building with one of the largest private hospital in Romania

The real estate consultancy company Colliers International was assigned by Hili Properties group to provide property management services for the Art Business Center office project, which houses ...

More on News
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.

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...

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...

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...

EU bank supports expansion of Regina Maria private healthcare network in Romania

The European Investment Bank (EIB) is lending 15 million Euro to support the expansion of a private healthcare network in Romania, a press release shows. This agreement is backed by the guarante...

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 law on ports administration would be very damaging for Romanian state budget, Fondul Proprietatea says

Fondul Proprietatea is concerned by the renewed steps to approve the draft law amending the Government Ordinance on ports administration, which was re-examined and approved through an emergency ...

Vienna Insurance Group posts profit of 110 million Euro in Q1

Vienna Insurance Group reported a profit before taxes of around 110 million Euro in the first quarter of 2017, according to a press release.

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...

Enel enters the Romanian gas supply market for residential customers

Enel announces the entrance into the Romanian gas supply market, with offers designed for ease of use and predictability for residential customers, who can now benefit from having a single suppl...

Mol Group net profit up by 24 per cent to 323 million Euro in Q1

Mol Group announced its financial results for Q1 2017, with net profit up by 24 per cent year-on-year to 323 million Euro. In the first quarter, all business segments (upstream, downstream, cons...

General Electric to provide turbine technology for the new combined-cycle power plant in Iernut

General Electric (GE) has been awarded an order from the consortium Duro Felguera (DF Energy) - Romelectro for core technology in a new combined-cycle power plant from Romgaz in Iernut, Romania....

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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 turnover of approxim...

DB Global Technology launches training program for Romanian software specialists
DB Global Technology, Deutsche Bank's technology center in Bucharest, launches DB Tech School, a training program for software specialists who are at the beginning of their careers and are interested in the Jav...

EU bank supports expansion of Regina Maria private healthcare network in Romania
The European Investment Bank (EIB) is lending 15 million Euro to support the expansion of a private healthcare network in Romania, a press release shows. This agreement is backed by the guarantee of the Europea...

Coaching - a journey one must never underestimate
If you are passionate about your work and you welcome challenges, but your company does not offer you any opportunities to grow, then you know it's time for a change The year 2008 was a turning point for me. A...

Orange Romania: Two decades of growing innovation and leading the digital transformation
Interview with Liudmila Climoc, CEO, Orange Romania