Tag: Green Building (2 articles)

Hils Development launches €200 million mixed-use project near Bucharest

Real estate | 25 November, 2025 at 11:12 AM

Hils Development launches €200 million mixed-use project near Bucharest

Romanian developer Hils Development has announced the launch of Hils Nord, the seventh project in the company's portfolio with a total investment value of €200 million. The new development marks Hils Development's expansion from eastern Bucharest towards the northern area and continues the strategic direction of portfolio diversification through middle premium developments.

GTCs City Gate secures LEED Gold v5 certification

Real estate | 15 October, 2025 at 1:19 PM

GTC's City Gate secures LEED Gold v5 certification

The South Tower of City Gate in Bucharest, developed and managed by GTC, has been awarded the LEED Gold v5 certificate. This is the latest version of the world's green building standard, outlining steps towards near-zero carbon emissions, prioritizing people, and supporting building resilience. City Gate is the first property in Romania and only the fourth existing building in Europe to achieve this recognition, following projects in Italy, Spain, and Sweden.

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Romanian economy expands 0.9% in first nine months of 2025

Economy

Romanian economy expands 0.9% in first nine months of 2025

The National Institute of Statistics (INS) has revised the economic performance for the first nine months of 2025.

Economy

Eurostat: Romania records sharpest annual decline in retail volume

Retail trade volume in Romania remained flat in November 2025 compared to the previous month, according to the latest data released by Eurostat.

Energy

Romania considers gradual gas price cap removal to avoid market shock

Romania's Energy Minister Bogdan Ivan announced that discussions with operators about removing gas price caps began in September to prepare multiple scenarios and prevent sudden price increases after March 31 2026.

Finance

Erste Group completes €7 billion Santander Bank Polska takeover

Erste Group has completed its acquisition of a 49% controlling stake in Santander Bank Polska and a 50% stake in Santander Towarzystwo Funduszy Inwestycyjnych from Banco Santander for approximately €7 billion.

Real estate

Romania's resi price growth outpaces EU average in Q3 2025

Romania's residential market is showing a significant acceleration in price growth compared to the European average, based on the Eurostat data for Q3 2025.

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