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Real estate developer Hagag Development Europe has selected Global Vision to provide property management services for its H Pipera Lake residential project.
Developers delivered 410,000 square meters of industrial and logistical space in the first nine months of 2020, nearly fully absorbed by demand which stood at 392,000 sqm, JLL said in its Bucharest City Report Q3 2020.
The occupancy costs of office spaces represent on average 3% to 4% of the turnover of service companies in Bucharest, and may fall even below 2% in some cases, according to an analysis by real estate consultancy company Cushman & Wakefield Echinox.
Real estate developer Portland Trust has leased 4,000 square meters on the ground floor of its J8 Office Park project in Bucharest.
Retail sales in Romania grew 1.3% on the month in October and 1.8% when adjusted for seasonality and number of working days, as sales of non-food items grew 3.3%, food sales grew 3.8% and fuel sales dropped 6.5%, data from the country’s statistics institute showed Thursday.
Germany, France and Italy were the top three export destinations for Romania’s furniture production in January-July 2020, data from Romania’s association of furniture manufacturers APMR show.
Pet food and other care product sales will increase by 13% to almost 3 billion lei this year, data provided by market research company Euromonitor show. While many sectors of the economy have seen a significant decline or even stagnated, this particular sector has been doing fine.
Unicarm, the largest entrepreneurial company in Satu Mare and one of the largest actors on the meat market in Romania, has invested EUR12 milion to EUR13 million in development this year, despite the challenges of the COVID-19 pandemic.
Lawyers of RTPR law firm assisted insurer Aegon in the sale of its Romanian operations to Austria’s Vienna Insurance Group (VIG), as part of a regional transaction worth a total EUR830 million.
Romania’s software industry is expected to grow by nearly 12.5% in 2020, to approximately EUR8.2 billion, according to estimations by KeysFin experts.
Swedish safety group Holmbergs, which supplies safety systems for child safety seats, will be relocating a part of its production in Hungary and Lithuania To Romania, after having recently acquired Romanian company Te-Rox Prod.
Romania's foreign exchange reserves dropped to EUR33.393 billion at the end of November from EUR33.795 billion at the end of October, central bank data showed Wednesday.
Romania's finance ministry raised RON7.86 billion selling bonds on the domestic market in November, 55.4% above plan, plus EUR2.5 billion from international markets.
Pharmaceutical producer AstraZeneca has extended its lease for the 1,280 square meters of office space it occupies in CA Immo's Bucharest Business Park for five more years.
New car registrations in Romania decreased 25.31% on the year in January-November, to 110,377 units, data from the association of automotive manufacturers in Romania (ACAROM) showed Wednesday.
The coronavirus crisis is starting to show effects on the residential rental market and the number of properties for rent has increased, according to a research by real estate consultancy company Colliers International.
Romania's seasonally adjusted unemployment rate inched up to 5.3% in October from 5.1% in September, data from the country's statistics board showed Wednesday.
Retail chain Profi held by buyout investor Mid Europa Partners continues expansion, having opened 22 new stores in November.
Sporting goods retailer Hervis has opened only two stores out of the planned 10 this year, amid the pandemic, Hervis Romania CEO Catalin Pozdarie says, but remains optimistic about 2021.
The Romanian stock market ended its best month in almost two years, thanks to the 9.12% rise in its main index BET in November, as the rises of indices abroad largely because of information about development of COVID-19 vaccines also made an impact in Bucharest.18948 items