Real Estate
New Wave Of Business Centers In Bucharest May Signal Economy Rebound
With more than 200,000 square meters of empty office space in an economy that is not completely free of recession and low foreign direct investment (merely EUR2 billion a year), developers c...
INS: April Housing Permits Down 2% On Month
Romanian housing permits inched down 1.9% to 3,083 units in April, from 3,114 units a month earlier, the country’s statistics institute INS said Wednesday.
Romania Might Exempt “First Home” Owners From Paying Property Taxes For Ten Years
Romania’s Senate on Tuesday adopted tacitly a bill exempting owners of homes bought through the “First Home” program from paying property taxes for a period of ten years.
Five Of Romania's Top 40 Shopping Centers Make Up 40% Of Total Turnover
Five of the 40 most important shopping centers in Romania account for almost 40% of total turnover, but together only make up 21% of the country's gross lettable area, according to a study b...
New Look To Open Its Seventh Store In Romania On May 31
British fashion retailer New Look will open its seventh Romanian store at the end of May in shopping center Palas Iasi, which will be inaugurated by Iulius Group on May 31.
Holcim Romania: Cement Market Growth Still Relies On Infrastructure Projects
Holcim Romania, one of the largest cement producers on the local market, estimates the cement market will increase by 2% to 3%, with company officials still relying on infrastructure project...
Expo Center Romexpo Enters Insolvency For RON180,000 Debt
Romanian expo center Romexpo has entered insolvency at the request of a creditor, firm Arsenoaiei and Matasel Consulting, for an overdue debt of over 180,000 lei (EUR40,300).
Palas Iasi, Most Expensive Real Estate Project Outside Bucharest, Enters Finishing Straight
The mall inside the Palas Iasi (NE Romania) project, the largest real estate investment outside Bucharest, will open on May 31. The project, which started eight years ago via a repeatedly ch...
Number Of People Working In Offices Will Fall, Remote Working More Popular
The number of people working in office spaces will drop by 25% in the next years, as alternative workspace strategies will become more and more popular, and the space allotted to an employee...