The office market in Bucharest recorded an increase of 24% for the number of transactions, in the first 9 months of the year, compared to the same period of 2020, according to a report made by experts of the real estate consulting company Avison Young. In quarter 3, 2021, the modern office area stock reached 3.43 million sq.m, while the non occupancy rate grew to 11.7% compared to 10% at the end of the previous quarter. Over 130,000 sq.m. of offices were completed in the period analyzed. According to the specialized report, the number of office areas scheduled to be completed in 2022 is lower, by 166,000 sq.m of areas under construction, of which 30%-40% are already pre-rented. In this context, Avison Young consultants recommend companies to begin looking for new headquarters at least 9-12 months in advance, to be able to benefit from the best options, and to personalize available locations to company needs. Since 2017 Avison Young has activated in Romania being now one of the most important real estate consulting companies in the market. Founded in 1978 in Toronto, Canada, Avison Young administers now over 37 million square meters. Over 5,000 real estate specialists activate in 100 offices in countries like Canada, USA, Germany, Great Britain, Poland and Romania.
Romanian-born actor Sebastian Stan has been nominated in the category of "Best Actor in a Leading Role" for his performance in the film The Apprentice at the 2025 BAFTA Awards. Stan portrays Donald Trump in The Apprentice, focusing on the early years Trump spent in New York. The film depicts a young Trump as an emotional […]
Romanian authorities in coordination with the European Commission participated on Wednesday, January 15, in the urgent medical evacuation operation of 12 Palestinian patients from the Gaza Strip, along with 35 family members. Those evacuated are severely affected by the lack of access to adequate medical treatment. The operation was carried out with the involvement of […]
Romania’s state railway operator CFR Călători will receive 12 new electric trains, which will connect Bucharest with the largest cities in the country’s eastern counties. The trains, part of a contract with the Railway Reform Authority, or ARF, will connect Bucharest North station to Suceava, Iași, Galați, as well as Iași to Cluj-Napoca. According to […]
In a decision adopted in its Thursday meeting, the Romanian government approved May 4, 2025, as the new date for the first round of the presidential elections. The second round should thus be held on May 18, as agreed by the ruling coalition leaders last week. "Two government decisions and an emergency ordinance have been […]
Most of the excavation for the first tunnel built on a highway in Romania has been completed, and traffic could potentially be opened by the end of this year between Tigveni and Bucharest, a section of the Sibiu-Pitești highway. Romanian state officials noted construction work at Section 4 (Tigveni - Curtea de Argeș) of the […]
The European Bank for Reconstruction and Development, or EBRD, invested EUR 707 million in 44 projects in Romania in 2024 to support the country’s green transition, a sharp increase compared to the previous year, when it invested EUR 658 million spread over 23 projects. EBRD cooperates with private corporations, equity funds, banks, as well as local […]
