Latest news
Monday, 16 December, 2024
10:36
Christmas gifts budget similar to last year's, but prices are 30% higher
Gifts are chosen based on the specific preferences of the recipients, say nearly 9 in 10 respondents, while the rest opt for universal gifts that would suit anyone.
10:11
Romania leads EU in non-food retail growth, with consumption at historic highs
Modern shopping centers with a total leasable area of more than 160,000 square meters were built this year.
09:13
Mortgage loans volume in Romania up 43%
Mortgage loans totaling €7.3 billion were granted in Romania during the first 10 months of 2024, up by 43% compared to the same period of last year, according to an analysis by SVN Romania.
Friday, 13 December, 2024
15:00
BT Property buys Prima Shops Oradea
The BT Property Alternative Investment Real Estate Fund, managed by BT Asset Management, has purchased Prima Shops Oradea park from Oasis Group, for an undisclosed sum.
14:31
European Investment Fund welcomes Merete Clausen as new Deputy Chief Executive
Merete Clausen, Director at the European Commission's DG GROW, to join European Investment Fund (EIF) as Deputy Chief Executive starting January 16th 2025.
14:23
Construction industry in 2024: remarkable resilience through economic challenges
The state, by removing some tax breaks and delaying payments to builders, has left many contractors facing unstable cash flows.
14:12
WIT Angels reaches a milestone: over €1 million invested in 14 Startups
With 14 startups funded, over 100 women engaged, and a commitment to transformative innovation, WIT Angels Club solidifies its role in bridging the gender wealth gap.
13:38
NEPI to power Romanian portfolio from green sources by 2026
NEPI Rockcastle, the largest owner of shopping centers in Romania, aims to cover its electricity consumption exclusively from renewable sources by the end of 2026.
13:34
Entering Schengen: What do carriers and economic operators need to pay attention to
With Romania's full entry into Schengen, waiting times at the borders with Hungary and Bulgaria will be eliminated.
Thursday, 12 December, 2024
16:52
UNCHAIN Fintech Festival 2025, June 19-20: Pioneering growth and connectivity
Building on three years of success, UNCHAIN enters a new growth phase with strengthened international partnerships.
16:22
Living and logistics to drive European investment in 2025
Investors across Europe will continue to focus on sectors with strong structural tailwinds, such as living and logistics, according to a Knight Frank report.
15:39
Weerts Group secures €29.5 million refinancing in Bucharest
Weerts Group, the developer of the Unirii View Tower office building in Bucharest, has secured a credit facility worth €29.5 million from BCR. The funding will be used to refinance a previous loan for the office project's development.
14:16
Catinvest opens Aparthotel Craiova following €12 million investment
French property group Catinvest is expanding its presence in Oltenia with the opening of Aparthotel Craiova following an investment of €12 million.
11:58
Romania and Bulgaria to join Schengen area starting January 1, 2025
The European Commission welcomed the "unanimous decision" of the Council "to lift internal land border controls at the internal land borders with Romania and Bulgaria".
10:43
Sphera Franchise Group in 30 years: over RON 1.2 billion state budget contribution
On a monthly basis, Sphera restaurants in Romania serve over 4 million consumers.
10:39
Saint Roastery opens new location in Business Garden Bucharest
Vastint Romania is thrilled to announce its new partnership with Saint Roastery, which will open its first urban café in the garden of Business Garden Bucharest.
10:33
Growing interest in speculative construction and increasing investment activity in CEE region
Romania's industrial market reached a total stock of 7.56 million sqm, with 208,300 sqm of new completions in Q3 2024.
10:29
Delgaz Grid finalizes investment of over RON 56 million in smart metering in Iași
The distribution network was upgraded by replacing about 8.8 km of cables and more than 1,800 switchboards.
10:24
OVES Enterprise aims for €20 million revenue in 2024
The company continues to heavily invest in research and development, focusing on the Nemesis AI platform.
Wednesday, 11 December, 2024
15:00
Fewer homes get completed in Romania in Q1-Q3 2024
The total number of homes completed in Romania in the first nine months of the year was 42,312, down by 18.1% compared to the same period last year, according to a report by the National Institute of Statistics (INS).
13:07
BlueCash 50, new payment solution from Danubius and Banca Transilvania
The BlueCash integrates the functions of a cash register and a banking POS terminal into one compact device, equipped with a suite of business applications to optimize operations.
13:04
Leroy Merlin leases 8,800 sqm at CTPark Bucharest West
Leroy Merlin, part of the French ADEO Group, is one of the largest DIY retailers in Romania, operating an extensive network of 22 stores in 16 cities.
13:00
Schneider Electric announces industry's most compact power protection system for AI
Galaxy VXL is compatible with both Lithium-ion and VRLA batteries, and with its Live Swap function.
12:55
BASF invests in increasing production capacity of Neopor
Focus on EPS insulation materials with optimized sustainability profiles such as Neopor BMB and Neopor Mcycled.
10:12
Romanian athlete kicks off resi development in Bucharest region
Romanian football player Florin Tănase and FIFA agent Florin Vulturar have jointly started the development of a new residential project in Pipera, located in the northern region of Bucharest.
09:45
Key factors behind slow sales of electric vehicles - it's not about money!
Government incentives remain one of the main factors for choosing an electric vehicle, and the example of Germany illustrates this perfectly.
09:41
Florin Tanase and Florin Vulturar start development of Noura Residence
The construction of the project already started, with the delivery date being estimated for the end of 2026.
09:36
A flock of swans flies over financial markets
Black swans are rare and unexpected events with severe consequences and the potential to cause a change in a formerly held belief or system of beliefs.
09:31
Garanti BBVA Leasing secures €20 million loan from BSTDB to support Romanian SMEs
This facility marks the fourth financing agreement between BSTDB and Garanti BBVA Leasing during their ten-year partnership.
Tuesday, 10 December, 2024
15:10
CEE property investments set to exceed €10 billion in 2025
The total volume of investments from six CEE countries reached €5 billion in the first three quarters of 2024, and next year the regional real estate investment market could exceed €10 billion, according to a Colliers report.
12:48
BCR Seed Starter announces first investment: €500,000 in FieldOS
FieldOS was founded in 2021 by Cristian Dragomir and Ion Gavrilescu and serves as a digital one-stop shop for managing field employees and their resources.
12:39
Techbolide moves headquarters to Business Garden Bucharest
Techbolide's activities intensified, the team has grown substantially, tripling its employee number in recent years.
12:33
INVL Baltic Sea Growth Fund signs agreement to acquire Pehart Group
The transaction with Abris Capital Partners is expected to be completed in the first quarter of 2025.
12:25
Romanian real estate investment market ended 9M of 2024 with transactions of €650 million
Romania records the strongest performance among the six largest economies in Central and Eastern Europe.
12:20
GenAI adoption within European financial services firms held back by lack of upskilling
Majority (90%) of firms surveyed have adopted AI into operations to some degree, but most remain in the early stages and 8% have not integrated AI at all.
12:15
Nespresso reaffirms commitment to sustainability
Nespresso presents the results of the study and talks about the sustainable business interventions that it has already integrated in recent years.
12:07
Regina Maria relocates Policlinica Baneasa in Baneasa Airport Tower
Following an investment of €5 million, this relocation underlines Regina Maria's commitment to the quality of medical care.
08:00
Northern Bucharest to continue to drive resi demand
Victor Terheș, Sales Director at Bellemonde, talked to Property Forum about the status of its €40 million residential investment in northern Bucharest and the growing demand for homes in this area in the long term.
Monday, 9 December, 2024
14:31
BVB launches revised corporate governance code for Romanian market, with EBRD support
The main purpose of the code is to support the issuer's corporate resilience in a rapidly changing world.
14:27
NEPI Rockcastle acquires Silesia City Center in Katowice, Poland
The shopping center, with a total lettable area of more than 88,400 sqm, occupies a dominant position in Katowice.
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