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GEFF - Romania Green Economy FF
4 October 2018 • NewsEstablishment of a Green Economy Financing Facility ("GEFF", the "Facility") in Romania to provide existing and new private Participating Financial Institutions ("PFIs") with credit resources in combination with comprehensive Technical Cooperation ("TC") packages.
Romanian Labor Law for Expat Employees
29 September 2018 • UncategorizedBoth foreign employers and employees in Romania often have to deal with complex employment issues which can become far more adventurous than expected due to the Romanian legal culture relating to employment. Below are some insights on what aspects foreign employers and employees should take into consideration when dealing with labor law issues in Romania.
Drumul Taberei: Utopia Interrupted. What happened to the ideal Modernist city on the edge of Bucharest
19 September 2018 • NewsWith the air rank with dust, thick with exhaust and deafened by the burr of drills and car-horns, Bucharest’s western district of Drumul Taberei is a typical zone of the Romanian capital, with its monotonous slabs of concrete, anarchic parking and war on free space. Where once there was Communist centrally-planned housing, lawns and open land, now there are new churches and supermarkets, while patches of grass between the blocks are gated off by the authorities, and littered with trash. Public space is no more than corridors that thread around cars, fences and building sites.
Genesis Property opens first outdoor pool in an office park
21 September 2018 • NewsWest Gate office park, owned by Genesis Property, inaugurated the first outdoor pool with runway and rollerblading in Romania, located in an office park, following an EUR 1.5 million investment. The project is not a commercial investment, but an experience mainly offered to tenant employees that the real estate developer owns in the western part of the capital. The swimming pool and terrace set within the park stretch over an area of 5,000 square meters.
GERMAN RETAILER KIK OPENS ITS FIRST UNIT IN ROMANIA AT PRIMA SHOPS ORADEA
19 September 2018 • NewsKik, one of the most dynamic German fashion brands, opens its first shop in Romania at Prima Shops Oradea, the project developed by Oasis Retail Development & Consulting. Kik will open here a 600 sq m unit at the end of September.Prima Shops strip mall opened nearly a year and a half ago in Oradea and reported some 4 million visits ever since. The project is 100% leased. This August, another international fashion retailer, C&A opened a 1,100 sqm store within the project.
Architects of the Extreme How the planning of Communist blocks in Bucharest changed from a western vision of functional housing to a sabotage of the city
13 September 2018 • NewsTo an outsider, Bucharest is a sea of uniform blocks that hustle and crush a pre-World War II city - a totalitarian nightmare encroaching on a low-level European town of rusting roofs, cracking walls and crumbling plaster. But the Romanian capital has lived through different ages of development since the Communists seized control in 1946. What started as a western-inspired Modernist vision, fuelled by the enthusiasm of young architects, changed to a cataclysmic raid on the urban environment, leaving the city fractured and traumatised. After a Revolution in 1989 kicked out the Communist regime, the city has operated only as a caretaker to its stockpile of concrete hulks, and has failed to draw up a consistent plan for urban development.
BETA Competition 2018
4 September 2018 • NewsThe BETA competition is one of the main events with an euroregional opening (RO, HU, SRB) from the Timișoara architecture biennial BETA, organized by the Romanian Order of Architects – Timiș Territorial Branch.The BETA competition and its related exhibition supports and promotes quality architecture in all its forms and manifestations, being conceived as a relational interface both within the profession and between the profession and the socio-cultural environment in which it operates.
How Romanian tourists have changed over the past 21 years: from jars with food to all-inclusive
17 August 2018 • NewsThe behavior of Romanian tourists over the last two decades has changed drastically: if 21 years ago, the Romanians were leaving by coaches, sleeping in cheap hotels and taking junk luggage, they are now looking for all inclusive holidays in 4 and 5-star hotels and destinations around the world: from Turkey, to China and Thailand, to Cuba or the Dominican Republic, according to a Christian Tour analysis.
How to live like a Local in Bucharest
10 August 2018 • NewsLonely Planet Local Monica Suma recently moved back to her native Bucharest after 12 years abroad. Drawn by the urban revival and cultural effervescence, this former New Yorker enjoys strolling through the back alleys of interwar Bucharest, searching for the hidden haunts, delicious eats and ever-present festivals.
Where to Invest in Property Across Europe in 2018
9 August 2018 • Real estateAccording to PwC and Urban Land Institute (ULI), a Washington-based Research NFP Centre, the European Property Market continues to ride the swell on the back of a robust performance from the previous financial year. The recent survey conducted by (PwC and ULI, ‘Emerging Trends in Real Estate Europe 2018’ has analyzed markets in 31 European cities and 23 real estate sectors for their investment and development potential. With a focus on high quality assets across all major European markets, investors have shown an appetite for risk to achieve the targeted returns.
World Experience Festival in Bucharest brings together embassies, cultural institutes this fall
8 August 2018 • NewsWorld Experience Festival, the fourth edition of the Embassies’ Festival, will bring together 70 embassies, cultural institutes, international organizations, ethnic communities and national minorities, as well as more than 80 artists from around the world this fall.
STARTUPS IN TRANSYLVANIA
7 August 2018 • NewsHello and welcome to Transylvania Beyond's guide to starting a small business in Transylvania. If you're looking to start a company or if you are already building one and want to read more about the relocation opportunities, this is the place to start.
Tenant obligations
6 August 2018 • NewsAccording to art. 1799 The new Civil Code, the holder is obliged to use the goods taken for tenancy with caution and diligence and according to the purpose established by the contract. Taking into account the above stipulations, the tenant will not be able to change the purpose of the rented space except with the lessor's consent.
Unlocking Romania's Potential
6 August 2018 • NewsFor nearly two years, frontier market Romania has been on index provider FTSE's watch list for a possible upgrade to emerging-market status. However, some issues remain over the market's attractiveness for foreign investors. Johan Meyer, senior vice president and CEO of Franklin Templeton Investment Management Ltd UK, Bucharest Branch, shares what he thinks it could take for Romania to make the cut.
Testimonial Adam UK
2 August 2018 • Testimonials"The best testimony I can give is that Violetta and Isfahan helped us to find a great house! However, their value is definitely more than that."
BREC Talks to Ben Adams Founding Director, Ben Adams Architects
2 August 2018 • Real estate"Office buildings need to be interesting, creative, non-standard and exciting to be in. Bucharest is still building largely boring buildings and needs to wake up to the demand for better buildings that let at higher rents."
Stress and organizations: shedding light on the (real!) causes beneath stress-ridden businesses
1 August 2018 • NewsEvery day I read in the press and in the social media (LinkedIn top first) articles and advice about the management of time and priorities (I wrote one myself “The importance of time in companies: how to manage it at its best”).
Half of office developers in Romania expected to opt for WELL certifications over the next five years
30 July 2018 • Real estateWith a history of almost four years, the WELL Building Standard certification has started to shift the attention from the built environment to the health of employees. In Romania, this phenomenon is in its inception and Colliers International is the first real estate consultancy company to have its own team of WELL professionals, with two of the five being present on a national level.
CEE Investment Market | H1 2018
30 July 2018 • Real estateThe CEE region continues to be a key target for both international and domestic investors. The CEE region's macro-economic story, encouraging retail performance levels plus very strong office and industrial occupational markets, together with an attractive yield profile provides for a very positive story for investors.
Colliers International Romania Mid-Year Market Update
30 July 2018 • Real estateIn the post-crisis period, Romania has been the most successful economic convergence story this part of Europe. In fact, if the service-led growth continues at a pace similar to the post-crisis period, Romania is likely to surpass Hungary by end-2022 and catch up to Slovakia by end2028 in terms of GDP per capita, adjusted to purchasing power standards (this indicator is widely used as a proxy for living standards).
JLL’s country by country review of the real estate investment markets and transactions across the CEE region in H1 2018.
30 July 2018 • Real estateJLL’s country by country review of the real estate investment markets and transactions across the CEE region in H1 2018. The CEE region continues to be a key target for both international and domestic investors. The CEE region's macro- economic story, encouraging retail performance levels plus very strong office and industrial occupational markets, together with an attractive yield profile provides for a very positive story for investors.