CBRE: Bucharest Sees 66% Surge In Employee Numbers In IT&C Industry In Last Ten Years

CBRE: Bucharest Sees 66% Surge In Employee Numbers In IT&C Industry In Last Ten Years

02.11.2019

Over the last ten years, Romania's capital city Bucharest has seen a 66% surge in the number of employees in the IT&C industry, to more than 70,000 professionals working in the sector, according to a survey carried out for the EMEA (Europe, Middle East and Africa) region by real estate consulting firm CBRE.

Romania’s Banking System Profit Hits Record High of Over RON7B in 2018 Romania’s Banking System Profit Hits Record High of Over RON7B in 2018

The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an

more
Four Companies Vie For EUR40M Construction Contract Of Brasov-Ghimbav Airport Terminal Four Companies Vie For EUR40M Construction Contract Of Brasov-Ghimbav Airport Terminal

Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have

more
Germany’s Zeitfracht Group Acquires 10% In Airline Blue Air Germany’s Zeitfracht Group Acquires 10% In Airline Blue Air

German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share

more
C&W Echinox: Office Transactions Hit EUR95M in Romania in 2018 C&W Echinox: Office Transactions Hit EUR95M in Romania in 2018

Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the

more
Chitila Turns Into Bucharest’s Future Logistics And Industrial Hub Chitila Turns Into Bucharest’s Future Logistics And Industrial Hub

Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the

more
World Bank Lowers Romania GDP Growth Projections to 3.5% in 2019, 3.1% in 2020 World Bank Lowers Romania GDP Growth Projections to 3.5% in 2019, 3.1% in 2020

The World Bank has revised its economic growth projections for Romania and now sees GDP growth at 3.5% in 2019 from 4.5% in its June

more
Nestle To Shut Down Its Romanian Factory Nestle To Shut Down Its Romanian Factory

Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the

more
Romania's Fiscal Instability, Main Challenge for Businesses in 2019 Romania's Fiscal Instability, Main Challenge for Businesses in 2019

Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania,

more

Analysis

Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term

The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.