Article by Noerr lawyers and consultants (Theodor Artenie, Tax Practice Coordinator & Carmen Mazilu, Senior Fiscal Consultant) On 26 September, the Romanian Government approved by way of Law No. 296/2023 (the “Law”) important fiscal measures intended to reduce the budget […]
Romania has an increased risk of deindustrialization The trade deficit for mineral products, construction materials, chemical and metallurgical products reached 9.4 billion euros, in 2023 ABIEC members generate business of over 4.5 billion euros and pay over 336 million euros […]
Automotive industry generated the largest demand for production spaces throughout Romania, in the last 10 years Bucharest, the most developed industrial & logistics region CBRE, the global and national leader in commercial real estate services and investments, launched „Manufacturing Report […]
More than a third of Romanians (34.3 percent) want to take out a loan in the coming months, of which almost 62 percent want a personal needs loan, according to a tbi bank survey among 1,057 respondents across the country. […]
The land market in Bucharest has remained active over the past 12 months, in terms of acquisitions made by residential, logistics and retail real estate developers by particularly targeting the former industrial platforms within the city, which provide easy access, […]
The number of sold income – generating real estate properties (office, retail, industrial & logistics spaces and hotels) during the first half of 2023 increased by 30 percent when compared with the same period of last year, but the average […]
The first semester of 2023 closed with a total value of investment transactions worth 168 million euro in Romania, roughly half compared to last year’s level, with industrial and logistics accounting for about 36 percent of volumes and office for […]
The land market remained very active in the first half of 2023, reaching an estimated turnover of around 250 million euro. This volume includes only transactions involving land for commercial real estate projects in sectors such as residential, office, retail, […]
Office rents in Bucharest increased by up to 15.8 percent in the last 12 months (June 2023 vs. June 2022), with the prime headline rent in the CBD area (Piata Victoriei – Aviatorilor) reaching €22.00/ sq. m/ month, an increase […]
Companies leased nearly 550,000 sqm of logistics and industrial spaces in the first half of the year, with over one third of this volume being related to pre-lease agreements, mainly in projects set to be delivered in 2024. There has […]
