Economy | 21 January, 2025 at 9:57 AM
SAP Romania exceeds 1000 employees
Currently, the central office in Bucharest is home to 654 employees, the Timisoara office has 270 specialists and the Cluj-Napoca office has 124.
Currently, the central office in Bucharest is home to 654 employees, the Timisoara office has 270 specialists and the Cluj-Napoca office has 124.
The Romanian land market totalled around €450 million in 2024, a figure similar to 2023, with the residential sector generating the highest volume of transactions, according to estimates by Colliers Romania.
Sales of houses and apartments increased by 7.6% in Bucharest and Ilfov region, in 2024, compared to 2023, according to an analysis by SVN Romania. During the same period, national sales increased by 6.6%.
Romania remains one of the countries with the lowest mortgage penetration rates in the European Union, according to a Colliers' analysis.
IWG is opening a new coworking location under the Spaces brand in Bucharest-based Vastint Business Garden building that will focus on hybrid work demand.
The total number of homes completed in Romania in the first nine months of the year was 42,312, down by 18.1% compared to the same period last year, according to a report by the National Institute of Statistics (INS).
Romanian football player Florin Tănase and FIFA agent Florin Vulturar have jointly started the development of a new residential project in Pipera, located in the northern region of Bucharest.
Victor Terheș, Sales Director at Bellemonde, talked to Property Forum about the status of its €40 million residential investment in northern Bucharest and the growing demand for homes in this area in the long term.
In total, over 170 million sqm of office spaces are at risk of becoming obsolete in 2030 across 16 European markets.
Praktiker Real Estate, the property company owned by Turkish investor Omer Susli, has purchased the Muntenia Business Center offices, in central Bucharest, from Longshield Investment Group for €8 million.
In May, Hesburger entered the Romanian market with its first restaurant in Râmnicu Vâlcea.
The land market in Bucharest and other regional cities is seeing increasing demand from developers of data centers that want to accommodate growing investments in the country's IT&C industry, according to a report by iO Partners.
Anchor Grup has announced its Bucharest-based residential project Select Residences has reached the delivery phase.
The number of construction permits for residential buildings in Bucharest decreased with an annual rate of 4.2% in the first 9 months of 2024.
The demand for logistics and industrial spaces reached 575,000 sqm during the first 9 months of 2024, down 20% compared with the same period of 2023, according to a Cushman & Wakefield Echinox report.
Speedwell Development has obtained the construction permits for the first 50 luxury villas in a new residential project in Corbeanca, near Bucharest, where it plans to invest €94 million.
Romanian property developer Prima Development Group has obtained the construction authorization for a new residential complex with 491 apartments in the western part of Bucharest.
The retail market in Romania has room for growth, considering that short-to-long term pipeline exceeds 800,000 sqm, consisting of projects under construction or in different permitting stages, which are due to be completed by the end of the decade.
Meta Estate Trust has invested in a plot of land near Victoriei Square in central Bucharest, where it plans to develop a building that will be leased to a chain of private medical clinics.
The Bellemonde residential complex in Pipera, near Bucharest, is recording growth in sales for its villas and apartments.
Currently, the central office in Bucharest is home to 654 employees, the Timisoara office has 270 specialists and the Cluj-Napoca office has 124.
2024 brought a 5% increase in new car registrations and re-registrations, while registrations of imported used cars rose 11%.
The unit in Vernesti is part of the 5th phase of the Romania Eficienta program, supported by OMV Petrom with €7.6 million.
The study shows that data-related issues have caused 55% of the organizations to avoid certain Generative AI use cases.
Softeh Plus will move its headquarters in Timpuri Noi Square starting this spring.