Real estate | 7 May, 2025 at 11:35 AM
Amstar Management sells two hotels in Bucharest
Romanian hotel manager Amstar Management has sold two projects in Bucharest for an undisclosed amount.
Romanian hotel manager Amstar Management has sold two projects in Bucharest for an undisclosed amount.
Greenvolt Power has secured €348 million in financing for the construction of a 253.1 MW wind project in Ialomița county, Romania.
State-owned power producer Hidroelectrica Group recorded a 20% fall in net profit during 2025 versus 2024 as the poor water levels significantly impacted hydropower generation and consequently the total volume of energy available for sale.
The European Bank for Reconstruction and Development (EBRD) projects that Romania's economic growth will accelerate to 1.2% in 2026.
Romanian energy group Electrica achieved record financial results in 2025, with preliminary net profit reaching RON 1.22 billion (€245 million), representing a 159% increase compared to 2024.
BCR Group reported a net profit of RON 3.32 billion (€658 million) in 2025, up by 20% year-on-year.