Park Properties buys 15,000 sqm land plot near Bucharest
Real estate developer Park Properties has purchased a 15,000 sqm land plot on the shores of Lake Snagov, near Bucharest, for a luxury villa residential development.
Real estate developer Park Properties has purchased a 15,000 sqm land plot on the shores of Lake Snagov, near Bucharest, for a luxury villa residential development.

The European Bank for Reconstruction and Development (EBRD) projects that Romania's economic growth will accelerate to 1.2% in 2026.
Romanian engineering group Simtel Team has reported a 68% year-on-year surge in preliminary consolidated operating revenue for 2025, reaching RON 605.7 million (€121.7 million).
Romania recorded the highest annual inflation rate in the European Union in January 2026, reaching 8.5%, according to data published today by Eurostat.
BCR Group reported a net profit of RON 3.32 billion (€658 million) in 2025, up by 20% year-on-year.
The European Commission will launch the EastInvest Facility, a new financing platform designed to support EU regions bordering Russia, Belarus and Ukraine. The initiative aims to provide easier access to lending for Member States most affected by Russia's war against Ukraine.