Praktiker Real Estate, the property company owned by Turkish investor Omer Susli, has purchased the Muntenia Business Center offices, in central Bucharest, from Longshield Investment Group for €8 million.
The lack of real digitization and transparent communication from state institutions throughout 2024 only demotivated taxpayers to invest their financial resources.
In May, Hesburger entered the Romanian market with its first restaurant in Râmnicu Vâlcea.
The works will consist of the construction of two new medium voltage lines that will have a length of 13.5 km.
Property group NEPI Rockcastle has purchased a photovoltaic project in Arad County, Western Romania and plans to start its construction in early 2025.
Edwin Warmerdam, Partner, Head of Tax at Forvis Mazars in Romania, spoke to Property Forum about the taxation outlook in 2025 and the tax changes that could spur investments in the local market.
The AADMS Integrated Platform, with the power grid analysis and modeling modules, will be realized through European fund.
Romania's property investment market reached close to €655 million in the first nine months of 2024, up by 169% compared to the same period of last year, according to an iO Partners report.
The company plans to build 4 new renewable energy plants and opens office in Bucharest.
The Group's management updates the Strategic Plan targets for the period 2025-2027.
The company also announces Daniel Vaum's promotion to manager of the purchasing department as part of its strategy to optimize internal processes.
This investment arrives at a crucial time as Romania aims to develop a recycling industry for waste electrical and electronic equipment, funded through the European Union's PNRR.
This investment project will triple production capacity and lead to reduced electricity consumption and carbon footprint.
This unit will transform 21,000 tons of manure annually into over 7,000 tons of organic fertilizer.
Meta Estate Trust has invested in a plot of land near Victoriei Square in central Bucharest, where it plans to develop a building that will be leased to a chain of private medical clinics.
Investors are still on hold today. As Property Forum's recent survey showed, two-thirds of investors are expected to continue to take a ‘wait and see' stance and look for a better vision of the future in the coming period. But, as the speakers of the investor expectations panel of SEE Property Forum 2024 showed, there are opportunities available all over CEE, including Romania.
Hungarian investor Gránit Asset Management, with HUF 1,100 billion of assets under management, is reported to be nearing a deal for the purchase of the Equilibrium 1 building in northern Bucharest from Skanska, Romanian media reports.
The 23 wind turbines will be located on land plots in the localities of Deleni, Costești, Bogdănești, while the interconnection transformer station will be located in Banca.
Most Romanians have their first gains from trading after 8-12 months of continuous learning and practice, and the most demanding ones after the first 4 months.
The newly renovated meeting and events areas at Radisson Blu Hotel, Bucharest blend form with function, innovation with timeless touches and local nuance.
Food Angels Hub, Romania's first investment community dedicated to the food sector, has launched with a mission to develop and scale companies operating in food production, hospitality, and food-related technology.
Beyond Space has released a study on the state of flex offices in Romania, introducing a classification system for coworking and flexible spaces. The publication maps Romania's flex ecosystem through an innovative framework co-created with European coworking experts Pauline Roussel and Dimitar Inchev from Twofifty Consulting.
Romanians are preparing for a holiday season with higher budgets compared to last year. According to a study by Raiffeisen Bank in partnership with Appinio, 65% of respondents expect higher Christmas spending in 2025, while approximately one in four Romanians (26%) estimate similar costs to 2024.
Despite 68% of Romanians claiming familiarity with sustainability, only a quarter consistently use it in daily decisions.
Athens-based architecture firm Bobotis+Bobotis Architects has officially entered the Romanian market, marking a step in its international growth strategy.