Mercenary leader Horațiu Potra has been detained in Dubai, according to Euronews Romania sources, after being on the run for months under an international arrest warrant. Officially indicted last week alongside former...
The average area of an office space transaction was 1,810 square metres in the first nine months of 2023, the highest level of the last four years and close to that of 2019, when it registered a historical record of 1,900 square meters, according to a survey conducted by a real estate consulting company.Compared to 2022 and 2021, the average area of an office space transaction this year increased by 35%, a dynamic that was reflected in the total leasing activity in the first nine months (of 347,000 square meters), 56% above the volume in the similar period last year. Moreover, the third quarter set a historical quarterly record in terms of demand for office space, with a total area of 157,100 sqm contracted in Bucharest, according to a Cushman & Wakefield Echinox release.According to the quoted source, if the rental activity remains at least at the level of the first 3 quarters, we may see this year, for the first time in history, the threshold of 400,000 sqm of traded office space exceeded. However, net demand (excluding renegotiations of existing contracts) accounted for 35% of the total volume let in Q3, and 44% in the first nine months. The vacancy rate showed a minor decrease to 14.9% compared to the beginning of the year when it was 15.2%.In the third quarter, the second building of the U-Center office project (32,500 sqm GLA) developed by Forte Partners in the central area of Bucharest was completed, so that in the first nine months of the year deliveries of new office space totalled 102,500 sqm, bringing the stock to 3.41 million sqm.As for the projects under construction, the supply is quite limited (80,000 sqm of such spaces), the lowest level of the past 16 years, due to uncertainties related to urban planning issues.Cushman & Wakefield Echinox, Cushman & Wakefield's exclusive, independently owned and operated affiliate in Romania, comprises a team of over 80 professionals offering a full range of real estate consulting services to investors, developers, landlords and tenants.
Mercenary leader Horațiu Potra has been detained in Dubai, according to Euronews Romania sources, after being on the run for months under an international arrest warrant. Officially indicted last week alongside former...
State and private hospitals that provide inpatient services in Romania are required to install and maintain panic buttons in each ward designated for patients, according to a legislative project adopted by Parliament on Wednesday, September 24. Panic buttons will be installed in locations accessible to patients, so they can be used to signal staff of […]
Autumn fills the going-out agenda with numerous events, allowing the public to see the latest productions awarded in Cannes, delve into the world of photography and street art, or explore the richness of chamber music. A selection of what is happening in the city below. Art Safari Until December 14 The event, held at the […]
Former independent presidential candidate Călin Georgescu, who came in first place in the 2024 canceled presidential elections, had ties to Moscow through fugitive mercenary Horațiu Potra, according to Romania’s general prosecutor Alex Florența. Connections between the two were established early on, in the fall of 2021. They were consolidated in April 2022, when Georgescu turned […]
Romanian e-learning company Ascendia (BVB: ASC) announced on Wednesday, September 24, that its educational content creation platform, LIVRESQ, has been selected for Google for Startups’ Growth Academy: AI for GovTech, an international accelerator program focused on artificial intelligence in government technology. Participants will receive mentorship from Google executives, access to resources, and support to expand […]
Romania’s market for hybrid and electric cars expanded this summer, with listings and total market value rising, though consumer interest showed signs of slowing as buyers became more selective, according to a report published by Autovit.ro, the country’s largest online car sales platform. The value of hybrid and electric vehicles listed on the platform between […]