COMMERCIAL
-Rising interest rates and high inflation have increased the banks’ caution in financing the real estate sector, but the commercial property market in Romania remains stable, with limited adjustments of the capitalization rates, according to data from Cushman & Wakefield Echinox.
-Romania’s leading online retailer, eMAG, is in talks with Globalworth, the leading real estate company in Central and Eastern Europe with a focus on Poland and Romania, over leasing 10,000 square meters of office space in the Globalworth Square near Barbu Vacarescu in Bucharest, Ziarul Financiar reported citing real estate market sources.
CONSTRUCTION
-More than 100,000 foreigners work in Romania, with most of them coming from Bangladesh, Nepal and Pakistan, covering the labor shortage in areas such as building construction, road construction and road transport.
