Bucharest attracts Global Capability Centres with lower costs and competitive salaries

Cătălin Roșioru

Amid historically low unemployment rates across Western European economies, Central and Eastern European countries, including Romania, are becoming major destinations for the Global Capability Centers (GCC) of large multinational corporations, according to a study conducted by Savills, one of the world’s leading property advisors, and CoreNet Global. ”In Bucharest, annual office costs in tech-focused areas such as the Centre-West average 252 EUR/sqm/year, positioning the city 14th among 27 GCC