Latest news
Monday, 5 August, 2024
10:03
One United Properties kicks off Infineon HQ development in Bucharest
Romanian developer One United Properties has started the construction of One Technology District, which will host the largest R&D centre of Infineon Technologies in Southeast Europe.
08:52
STC Partners to start new resi project in Bucharest
STC Partners will start a new residential project in Bucharest after completing the acquisition of a land plot for €7.2 million.
Friday, 2 August, 2024
09:09
CBRE Romania to hold job fair in Bucharest
CBRE Romania has purchased the franchise for a job fair that will be launched for the first time in Bucharest under the “night of companies” concept.
08:37
Mondrian Bucharest hotel construction kicks off
Romanian developer One United Properties has announced that construction has kicked off at Mondrian Hotel in Bucharest, with completion expected in 2026.
08:00
Banks' interest in financing is focused on industrial
Monia Dobrescu, Partner at Mușat & Asociații, spoke to Property Forum about the growing role of ESG criteria in bank financing of real estate projects and the prospects for investment in the local market in 2024.
Thursday, 1 August, 2024
19:07
New demand for industrial & logistics spaces doubles in H1 2024
The largest transaction closed in Q2 2024 was related to a 20,900 sq. m pre - lease by VAT Group within VGP Park Arad.
11:02
Eden Capital launches new high-end resi project in northern Bucharest
Romanian developer Eden Capital aims to deliver by H2 2026 a new high-end residential complex in northern Bucharest with an estimated value of €130 million.
10:40
VGP expands industrial park in Brașov by 13,813 sqm
Industrial developer VGP is expanding a building in VGP Park Brașov by 13,813 sqm, with 20% of the new space already leased.
10:13
Industrial leasing in Romania down 25% in H1 2024
The leasing volume of industrial and logistics spaces in Romania amounted to 410,500 sqm during H1 2024, down by 25% versus the same period of last year, with close to half of the total take-up recorded in Bucharest region, according to a Cushman & Wakefield Echinox report.
09:02
InteRo kicks off mixed-use development in Bucharest
InteRo Property Development, owned by the Canadian Topolinski investors family, has kicked off the construction of a new mixed-use project in Bucharest with a valuation of €1 billion.
Wednesday, 31 July, 2024
15:17
High performance for PPC in ATHEX ESG index
PPC is among the leading companies in the Greek market, according to the "ESG Transparency Methodology", with respect to the metrics outlined in the “ATHEX ESG Reporting Guide".
14:50
50% of female entrepreneurs says it is more difficult for them than it is for men
Female entrepreneurs in Romania face a series of challenges in business, the main one being the fact that they have to prove more just because they are women.
14:36
PE investments in construction sector reached €55 million in 2023 in CEE
Private equity (PE) fund investments in Central and Eastern Europe (CEE) reached a total volume of €1.71 billion in 2023, while Romania ranked 4th at the CEE level.
13:27
Sameday announces acquisition of Pactic Group from Hungary
The acquisition expands the SAMEDAY Grup portfolio with services dedicated to stores operating an online channel, in Central and Eastern Europe.
10:02
tbi bank and Xiaomi Romania simplify access to smart technology
Customers can now buy an extremely wide range of smart devices through the Buy Now, Pay Later solution in 4 installments without interest or in 6-60 installments with interest.
09:56
Analysis: How dollar depreciation can affect Romanian companies
iBanFirst estimates that the dollar index could increase by 10% over five years—thus reinforcing the overvaluation of the US currency compared to its main counterparts.
08:55
Vista Bank and Optima Bank arranges syndicated loan of €61 million for Premier Energy Group
The facility of €61 million will be used by Premier Renewable Invest Co. SRL to finance the acquisition of the shares in Eolica Dobrogea One SA member of Iberdrola Group.
Tuesday, 30 July, 2024
15:56
Bucharest, Cluj-Napoca and Timisoara top three places for modern office rental
In the first half of the year, companies in Bucharest leased 84% of the total volume of modern office space traded in the country.
12:43
Office leasing volume in Romania grows in H1 2024
The office leasing volume closed in H1 2024 grew by 0.2% compared to the same period of last year, with Bucharest seeing the biggest activity, followed by Cluj-Napoca and Timișoara, according to a report by Fortim Trusted Advisors.
10:28
Qoobiss invests €500,000 in Origin, a global platform for digitizing company processes
Origin is designed to enable companies to digitize essential processes without requiring extensive internal development.
10:20
One United Properties contracts a €20 million increase financing agreement
The purpose of the increase for One Cotroceni Park Office Phase 1 and Phase 2 is to reimburse shareholder loans and cover other costs.
10:07
City Grill Group: €31 million in revenue in H1 2024, 18% growth
The group continues its investments in its portfolio restaurants as well as in the development of the restaurant and hotel segments.
09:58
InterCapital Asset Management injected €15 million in Romanian capital market
Since listing on the Bucharest Stock Exchange, more than 350,000 new fund units were issued by InterCapital. The total value of the ETF units traded on BVB overpassed €5.5 million.
09:40
EY Future Consumer Index: Consumers return to physical stores for personal service
66% of consumers find private label just as good as branded alternatives, with 38% having no plans to switch back to branded goods.
09:34
Only 17% of plastic and metal packaging waste generated in Constanța is recycled
Since 2020, Constanța County has reported an annual collection of over 300,000 tons of waste, while by next year, the amount could exceed 340,000 tons.
09:13
Raiffeisen Bank announces 300% acceleration in mobile banking in H1 2024
Personal financial planning remains a constant growth driver in Raiffeisen Bank Romania's long-term strategy. In the first half of 2024.
Monday, 29 July, 2024
13:46
Institutional integrity standards are strengthening, but there are still challenges
Latest EY Global Integrity Report shows 49% believe that integrity standards within their organizations have improved over the past two years.
13:13
SeedBlink's Equity arm empowers EGV with efficient equity management tools
As part of the collaboration, EGV will deploy the SeedBlink Equity product for its portfolio companies to streamline their equity management and elevate equity ta strategic asset.
12:20
Dentons advises Convergint on the acquisition of Helinick
The transaction is Convergint's first acquisition in Romania and it also marks the most important deal in the local safety and security systems market.
11:50
Accor net unit growth accelerates to 4.1% over last 12 months
At the end of June 2024, the Group had a hotel portfolio of 838,722 rooms (5,682 hotels) and a pipeline of 218,000 rooms (1,297 hotels).
11:10
BET-EF, first index dedicated to energy, utilities and financial sectors, debuts on BVB
Romanian energy, utility and financial companies, listed on the Main Market, represent approximately 58% of the regulated market capitalization.
11:04
Deloitte Romania assisted WDP in acquisition of three logistic parks
The three acquired entities own a portfolio of assets comprising three warehouse projects of 136,374 sqm and a large plot of land in Constanta.
10:56
Romanians' financial wealth grows above global average, reaches $300 billion in 2023
Global financial wealth is up nearly 7% in 2023 to $275 trillion, after a 4% decline in 2022.
Friday, 26 July, 2024
15:07
Western Europe leads e-commerce market with 80% compared to 55% in Eastern Europe
Western European shoppers spend an average of €85 per transaction, while Eastern European consumers spend €55.
12:43
Abris Capital to exit Dot2Dot in trade sale
ESG transformation specialist agrees sale of premium packaging producer to Belgium's Van Genechten.
12:37
GTC leases over 35,400 sqm of office space across 10 buildings in Poland's largest cities
GTC, a premier commercial real estate company in Central and Eastern Europe, presents an analysis of its notable achievements in Poland during the first half of 2024.
12:19
FlixBus and Christian Tour collaborates to make coach holidays more accessible
Christian Tour: Romanians are traveling more and more, choosing international destinations; trips abroad accounted for 49% of sales in 2023.
Thursday, 25 July, 2024
15:58
Cora becomes Carrefour: The first fully integrated hypermarket in Bucharest
In July, Carrefour marks the opening of a new rebranded and remodeled hypermarket in the Supernova shopping center in Alexandria 152, following the acquisition of the Cora Romania.
15:53
Evolution of the Deposit Return System after seven months
In total, 862 million DRS packs were returned by consumers between December 2023 and June 2024, and more than 2.7 billion DRS packs had been put on the market by the end of June.
15:37
Nestlé reports half year results for 2024 and announces 2.1% organic growth
For the Full-year 2024 outlook, the company expects organic sales growth of at least 3%.
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