Tag: Reff & Associates (4 articles)

Real estate   |   28 October, 2025 at 9:34 AM

Studium Green sells large land plot near Bucharest for €17 million

Cluj-based entrepreneur Dorin Bob's company Studium Green has completed the sale of 157,000 sqm of land in Jilava, near Bucharest, to retail group Altex and furniture retailer Mömax, part of Austrian company XXXLutz. The land will be integrated into a larger plot owned by Altex to form the basis for the largest retail park in southern Bucharest. The total value of the transactions between Studium Green and both companies exceeds €17 million.

RECOMMENDED FROM THE HOME PAGE
Romania cuts budget deficit by more than half in Q1 2026
Finance

Romania cuts budget deficit by more than half in Q1 2026

Romania's consolidated general budget recorded a deficit of €4.2 billion in the first quarter of 2026, representing 1.03% of GDP, compared to a deficit of €8.7 billion (2.28% of GDP) in the same period of 2025 over revenue growth and expenditure control.

Industry

Siemens wins Romania's first hydrogen train contract

Siemens Mobility has been selected by Romania's Railway Reform Authority to deliver 12 hydrogen-powered electric multiple units based on the Mireo Plus H platform. The contract marks Romania's first hydrogen train project and one of the first in CEE.

Industry

AI simplifies work but fuels employee anxiety, survey finds

AI has become increasingly embedded in employees' day-to-day work over the past year. More than 48% of employees see AI as a tool that simplifies their work; however, many remain concerned about the broader implications of its growing integration, according to a survey conducted by Genesis Property early this year, on a sample of 1,146 employees.