Tag: Romania (1234 articles)

Real estate   |   27 October, 2025 at 10:00 AM

Prima Development starts phase two of resi project in Bucharest

Romanian developer Prima Development Group has started construction on phase two of the Prima Astera residential complex, the first high-end project in western Bucharest built to nZeb standards. The new phase includes a building with 197 apartments, 234 parking spaces and a kindergarten with over 600 sqm of usable space for future residents' children and neighbourhood families. The gross development value for phase two amounts to €30 million, with delivery estimated for November 2027.

Real estate   |   27 October, 2025 at 8:52 AM

From revenge travel to real strategy: Hotel sector resets

The hotel sector across South-Eastern Europe is evolving beyond its post-pandemic rebound. At SEE Property Forum 2025 in Bucharest, industry leaders agreed that while the “revenge travel” wave has subsided, the market remains on a strong footing—driven by solid fundamentals, new investment opportunities, and rising traveller expectations. What comes next, they noted, will be defined less by recovery and more by adaptation: sustainability, conversions, and smarter capital deployment are now shaping the region's hotel landscape.  

Real estate   |   20 October, 2025 at 3:38 PM

Compa launches second phase of resi project in Sibiu

Compa, one of Romania's largest automotive component manufacturers, announced the second phase of Arsenal Residence, a residential project in central Sibiu next to Sub Arini park. The total investment will exceed €30 million, confirming the company's strategy to diversify its portfolio and actively participate in urban development.

Real estate   |   19 October, 2025 at 5:03 PM

Why the future of real estate starts with people, not technology

At SEE Property Forum 2025, the conversation around the future of real estate took a bold turn — from smart buildings to smart relationships. Industry leaders agreed that while data, automation, and ESG strategies are reshaping commercial real estate, true innovation begins with understanding people. The discussion, moderated by Vessela Valtcheva-McGee of GBCI Europe, explored how developers, investors, and service providers are using technology not just to optimise buildings, but to redefine how tenants experience and value them.

Real estate   |   17 October, 2025 at 7:41 AM

The office isn't dead — it's being redefined

At our annual SEE Property Forum 2025 in Bucharest, seasoned market professionals gathered to dissect the rapidly changing landscape of office real estate. Moderated by Ionut Oprea, the conversation brought together a dynamic roster of experts: Claudia Cetățoiu (iO Partners), Maria Jianu (Speedwell), Sorin Macoveiu (VASTINT Romania), Mădălina Marinescu (Crosspoint Real Estate), Ioana Roman (Filip & Company), and Adinel Tudor (Evo Properties).

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.

Real estate   |   14 October, 2025 at 2:27 PM

Romanian property sales drop 1% after VAT hike

Property transactions in Romania fell by nearly 1% in the first two months after the VAT increase compared to August-September 2024, but rose over 10% compared to May-June transactions, according to official data from the National Agency for Cadastre and Real Estate Advertising (ANCPI).

Real estate   |   14 October, 2025 at 1:25 PM

IT sector hits 15-year demand low in Bucharest office market

Demand for office space in Bucharest dropped by one-third in 2025, primarily due to reduced activity from IT companies, which generated only 10% of total leasing in the first nine months - the lowest level since 2010. Companies leased approximately 150,000 sqm of office space, while new demand fell by almost 30% to under 60,000 sqm.

Real estate   |   14 October, 2025 at 8:49 AM

SEE Property Forum 2025: Award winners announced

Property Forum is excited to announce the winners of its annual SEE Property Forum Awards for 2025. The winners of each category were selected from our shortlist by the jury committee, comprising the leading players in the Romanian real estate industry. The awards, celebrating the best projects, most impactful transactions and most inspiring personalities of the Romanian market, were presented at our awards gala in Bucharest, part of the annual SEE Property Forum conference.

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Finance

Vista Bank debuts on BVB with €17 million bond issue

Vista Bank marked its debut as a bond issuer on the Bucharest Stock Exchange (BVB). The bank listed its €17 million bond issue on the Regulated Market, consolidating its strategy to diversify funding sources through the capital market.

Energy

OMV Petrom starts development of three wind projects in Romania

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Finance

Romania achieves largest EU fiscal correction in 2025

Romania's budget deficit calculated according to the European ESA methodology has dropped from 9.3% of GDP in 2024 to 7.9% of GDP in 2025, representing a correction of 1.4 percentage points of GDP.