The syndicate of banks included CEC Bank and Alpha Bank Romania and the facility granted is secured by a guarantee issued by Exim Banca Românească.
Lavinia Ioniță Rasmussen, Partner at NNDKP's Real Estate practice, spoke with Property Forum about the acceleration of commercial and residential development in regional cities and the potential of the local market to offer higher returns for property investors compared to other countries in the region.
The portfolio, comprised of 270,000 sqm GLA and 30ha landbank, includes six industrial parks and other complementary facilities in six key locations in Romania
The study reveals that 83% of Romanians have a plan for their upcoming vacation season. Only 6% do not intend to go on holiday, while 12% have yet to finalize their arrangements.
Travel tech company FlixBus is adding new international coach connections from Romania to Greece and bolstering existing routes to Bulgaria.
EDP, through its subsidiary EDP Renewables, has opened its largest solar park in Romania, located in Albina, taking its total solar and wind capacities in the country to 570 MW.
Dan Air, a private Romanian airline, inaugurated its regular flight service between Bucharest and Damascus on June 15.
Romanian patients wait, on average, 460 days to access innovative medicines, even after these therapies have been approved for reimbursement by the National Agency for Medicines and Medical Devices (ANMDM).