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.
The third breast milk bank in Romania has opened at the Sibiu County Hospital, following a RON 13.5 million (about EUR 2.7 million) investment aimed at modernizing the hospital’s neonatology department. The modernization project, financed through the National Recovery and Resilience Plan, included the replacement of old equipment, a 20% increase in the number of […]
President Nicuşor Dan stated on Wednesday, July 30, in a press conference that the current system, which allows magistrates to retire under the age of 50 with a pension higher than their salary, is absurd. He also criticized the Superior Council of Magistracy, or CSM, for the current “disorderly” state of the Romanian justice system. […]
Forty Romanian firefighters and eight fire trucks left for Greece on Wednesday, July 30, to participate in firefighting missions, the General Inspectorate for Emergency Situations said. Between August 1 and September 15, Romania will take part in the Directorate-General for European Civil Protection and Humanitarian Aid Operations (DG ECHO) program aiming to support the Greek […]
Integrated facility and property management services provider Nazca has opened its first office outside Italy, its domestic market, in Bucharest. Nazca expects revenues of over EUR 1 million next year in Romania, and in the next 3 years, the growth plan aims to reach EUR 10 million, with target sectors being office buildings, retail, industrial […]
The 19th edition of TIFF Sibiu, one of the local editions of the Transilvania International Film Festival (TIFF), the largest film event in the county, will present a program of international films and the latest productions by Romanian fillmakers, who will attend the event. The festival takes place between August 7 and August 10, with […]
Moldovan carrier Flyone will add a route between Bucharest and Munich starting in October. The flights to Munich will be operated on Mondays, Wednesdays, and Fridays. This adds to the flights it has connecting the Romanian capital to Tel Aviv, Brussels, and Verona. With these routes, the airline is responding to the constant demand from […]
