Real estate

Business Forum   |   11 August, 2025 at 11:45 AM

Romania's VAT increase to hit mass-market resi segment

The increase in VAT to 21% for new homes is having a direct impact on pricing and sales strategies in the residential market, with effects already becoming visible, according to Valentin Neagu, Managing Director at Crosspoint Real Estate.

Business Forum   |   8 August, 2025 at 9:10 AM

New Mercure hotel opens in Alba Iulia

The Accor hotel chain has announced the opening of its first international brand hotel in Alba Iulia. The new Mercure hotel is the tenth under this brand in Romania.

Business Forum   |   7 August, 2025 at 5:00 PM

Hotel sector in Romania poised for growth going into 2026

Although the hotel sector accounted for only 3% of the total investment of €390 million in Romania's commercial real estate during H1 2025, market indicators point to a possible increase in investments in H2 2025 and 2026, according to CBRE Romania data.

Business Forum   |   7 August, 2025 at 2:00 PM

French Revolution opens new store in Timpuri Noi Square

French Revolution, the Romanian confectionery brand specializing in artisanal éclairs, has opened its sixth store in Bucharest at Timpuri Noi Square, the office complex owned by Vastint Romania.

Business Forum   |   7 August, 2025 at 1:45 PM

CTP sees 11% growth in leasing during H1 2025

Industrial developer CTP said its gross rental income for H1 2025 reached €367.2 million, marking a 14.4% year-on-year increase, while signing 1 million sqm of new leases, an 11% increase compared to H1 2024.

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Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.