Minimum wage increases have highest impact on office occupancy costs
Operational costs are expenses incurred by tenants, which are added to the rent and together compose the occupancy costs.
Operational costs are expenses incurred by tenants, which are added to the rent and together compose the occupancy costs.
At the same time, approximately 9% of children in Romania require medical support for various mental and emotional issues, according to a UNICEF study.
The management and maintenance costs of the office buildings in Colliers Romania's Asset Services portfolio increased by 9% last year compared to 2022.

Romania's national electricity transmission company Transelectrica is managing €51.7 million in funding from the National Recovery and Resilience Plan's (PNRR) REPowerEU component to implement three investments for modernising, improving efficiency and digitalising the electricity transmission network.
Synevo Romania has appointed Adrian Tudoscă as General Manager, while Laurențiu Luca takes over leadership of diagnostic operations across 11 Southeast European markets.
Romania's Ministry of Finance is conducting its fourth public offering of Fidelis government bonds this year, running from April 14 to 21 on the BVB. .
Oscar Downstream has appointed Silvia Ene as Chief Operating and Strategy Officer, a role designed to accelerate the company's strategic directions.
Romania is launching its most ambitious industrial policy package in recent years, featuring nine state aid schemes with an estimated budget of €5 billion by 2032,