Real estate transactions for office buildings, logistic areas and investment market in Bucharest will exceed 800 million euros in 2015, according to a study made by the real estate consulting company Colliers International. Outsourcing services continue to be the most powerful office sector as Romania has become more and more visible for big companies like BPO, SSC and IT, interested in Bucharest and secondary towns. Over 60,000 people are now employed in outsourcing activities and up to 150,000 employees are expected in this sector in the next 5 years. The most dynamic are for office areas is still Floreasca-Barbu Vacarescu which may reach a total stock of half a million square metres by 2020. The modern building stock has generated most demands, about 215,000 sq.m being rented in the last five years. The area will continue to be an attraction pole in the future, considering that over 155,000 sq.m of office areas will be built by the end of 2020. Bucharest is among East European Capitals offering 7.5% for the office sector, a similar retail level and about 9% for the industrial sector. Logistic areas have a vacancy degree of 8%, but by the end of 2016 the stocl will grow by 100,000 sq.m. The value of rents for new areas is between 3.5 and 4.15 euros/sq.m. According to the estimated consumption increase, Bucharest might have an additional 100,000 sq.m. of retail (non-food) areas, so that it could reach a total stock of over 900,000 sq.m of retail areas. In the last two years, the northern and Theodor Pallady areas have been the most active areas in Bucharest in point of land transactions. The northern part of the Capital, which includes Aviatiei, Barbu Vacarescu, Caramfil, Dimitrie Pompeiu and Floreasca, reported investments of over 100 million euros in land, with transactions for over 20 ha. For Theodor Pallady, the residential and retail sectors generated transactions for 50 ha, worth over 60 million euros.
A street in Bucharest’s District 3 has been closed to traffic after the state-owned gas network operator Transgaz warned that it had been built over natural gas pipelines in violation of safety standards. Brățării Street was allegedly built by the District 3 City Hall in the area without proper measures in place. Vehicular traffic over […]
Paysera is strengthening its position in Romania by targeting a gap long overlooked by traditional banks: affordable, fully digital financial services for small and medium-sized businesses. In an interview with Romania Insider, Daniel Turbatu, Country Manager of Paysera Romania, says the company’s biggest advantage remains its free business account, which can be opened entirely online […]
DN Agrar Group (BVB: DN), one of the leading integrated agrifood companies in Romania and the largest dairy milk producer in Europe, reported record results for the first nine months of 2025. The company achieved a turnover of RON 158 million, a 25% increase year-on-year, while net profit doubled to RON 43 million, backed by […]
Presidential adviser Ludovic Orban is leaving his position after just six weeks in office, following a mutual agreement with president Nicușor Dan to end their collaboration, the Presidential Administration announced on Tuesday, November 18, as reported by Agerpres. Orban, a former prime...
Yellow Fresh Fruits has quickly emerged as one of Romania’s most dynamic fresh fruit importers, reshaping a market where consistency and speed increasingly define competitiveness. In an interview with Romania Insider, Fryderyk Schiller, COO of Yellow Fresh Fruits, outlines how the company expanded from its Polish origins to operating advanced ripening centers in Timișoara, Bucharest, […]
The design phase for the most difficult section of the A8 highway, namely Lot 2B Grinţieş-Pipirig, has begun, according to a statement given by Romanian transport minister Ciprian Şerban on Monday, November 18. The contract for the section, valued at RON 5.97 billion (EUR 1.17 billion), was signed at the end of October. In total, […]
