NestléRomania acquires SOLGAR® health supplements and vitamins business
Nestlé Romania acquires the SOLGAR® business in the highly attractive and growing nutrition and supplement category, so that it commercializes its products in the Romanian market...
Mastercard accelerates sustainable card efforts
Newly made payment cards across network to be Card Eco Certified by 2028
Bucharest, 7th April 2023. Mastercard announces it is accelerating efforts to remove first–use, PVC plastics from payment cards...
AROBS targets a turnover of 421.3 million lei and a net profit of 45.2 million lei in 2023
AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, targets a...
Vlad Stanislav is appointed Managing Director of JLL in Romania
Real estate consultancy company JLL announced today the appointment of Vlad Stanislav as Managing Director of JLL in Romania. Vlad will now take over the...
Nuclearelectrica completes operationalization of Feldioara Branch for the development of the integrated nuclear fuel cycle
SN Nuclearelectrica SA announces that it has completed the operationalization of Feldioara Branch during January-March 2023, as part of its...
The double-edged sword of ChatGPT in the workplace
The business world is evolving at lightning speed, and technology is at the forefront of this change. One of the most significant technological advancements is the use...
Moneycorp Business Outlook: What do business people think about Romania’s economic development
The Romanian economy will stagnate this year, a 2023 in which concerns about uncertainties associated with macro-economic conditions will be at the forefront,...
E-DISTRIBUȚIE BANAT INVESTS ABOUT 50 MILLION LEI IN A NEW PRIMARY SUBSTATION AND MEDIUM VOLTAGE GRIDS, IN THE NORTH OF TIMIȘOARA
• The primary substation is fully digitized and operates in a Telecontrol system, being...
One United Properties sold all the shares of One Herăstrau Office
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the signing of...
Scan Global Logistics strategic expansion in Romania, amid a fast-developing market
Scan Global Logistics (SGL) opens its first wholly owned office in Bucharest, Romania, which is fast becoming the logistics hub for Eastern Europe. The...
Cushman & Wakefield Echinox: SomProduct opens a new showroom in the ISHO project, developed by Mulberry Development in Timisoara
SomProduct, a Romanian brand with an experience of 15 years in the Home & Deco industry,...
The first A321LR aircraft registered in Romania landed on Thursday at Henri Coandă International Airport and will enter commercial service in the coming days. The first scheduled flight that the airline will operate with...
The local residential market has become more attractive to tenants than to owners
29 March 2023: Housing prices have risen by an average of 38% across the European Union from 2015 to 2021. Romania has...
Atenor, the sustainable and international urban property developer with European expertise listed on the Euronext market, appoints Viorel Lăcătuș as Country Manager of the company for Romania.
Viorel has a strong background in the real...
Holde Agri Invest, a Romanian company that operates farmland, announces the acquisition of a new farm in Dambovita county. The farm has an area of approximately 980 ha and will be integrated into the...
SomProduct, a Romanian brand with an experience of 15 years in the Home & Deco industry, opens a showroom in the ISHO project Timisoara, developed by Mulberry Development. SomProduct leased space of 1,100 square...
2022 saw limited deliveries of new modern retail projects, adding to the overall existing retail surface only 77,000 square meters, which is about half the initially estimated delivery and a substantial decrease from the...
To celebrate the 10th anniversary of the International Day of Happiness, Kiwi.com, a travel-tech company, has conducted a survey* and asked psychologists to find out what it is that makes people happy when traveling....
Retail is the “greenest” sector, followed by industrial & logistics, and office
Real estate owners and developers’ interest in sustainability has increased significantly in recent years, in an attempt to align to future trends and...
One United Properties (BVB: ONE), Romania’s leading developer of sustainable residential, mixed-use and office real estate, proposes to the Annual General Meeting of .holders from April 25th, 2023 a target for consolidated gross turnover...
Nuclearelectrica welcomes the adoption of the Law approving the signing of the Support Agreement between the Romanian State and Nuclearelectrica for the development of the National Strategic Project Units 3 and 4 Cernavoda NPP.
“We...
Approximately 19,000 homes could be delivered in 2023 in Bucharest and its surroundings, according to the “Romania Residential Market Genome” report published by real estate consultant SVN Romania.
This result is about 11% lower compared...
Tourism in Bucharest stood out through a much stronger evolution, reaching pre-pandemic levels
Romania’s hospitality industry followed global growth trends in 2022 in terms of hotel occupancy, with arrivals in hotels countrywide reaching 84% of...
The law approving the signing of the Support Agreement between the Romanian State and the Nuclearelectrica National Company for the Cernavoda NPP Units 3 and 4 Project has been adopted, Energy Minister Virgil Popescu...
French real estate group Catinvest announces ElectroPutere Parc’s consolidation as the main innovation and technology hub in Oltenia, with the inauguration of the new office space of British software services company Endava, occupying an...
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, concludes a financing agreement with Banca Transilvania, for 20 million euros. The financing is...
Romanians’ searches and bookings on Kiwi.com for Asian destinations have increased considerably compared to last year;
The countries with the largest increase in the number of bookings are Armenia, Thailand, Nepal, Maldives, Israel, Serbia, Saudi...
The virtual government adviser ION received, in the first week after its launch, approximately half a million messages and tags in social media from Romanians, the main topics of discussion being education, the improvement...
Concept One, an integrated marketing, consultancy and sales services agency dedicated to the residential segment in Bucharest and Ilfov, announces the launch of Pipera Concept II, a premium residential project located in the North...
Service charge costs in the office properties managed by Colliers Romania increased by 8% last year, around half of the headline inflation rate for the country. The rising cost of services in general (including...
Italian utility group Enel announced Thursday it will sell its Romanian operations to Greek group Public Power Corp (PPC) for 1.26 billion euros as part of its plan to cut debt and focus on...
The purchased land is divided into three separate lots, located on the sides of Petrom City, in the Straulesti area
Infinity Nord, a large -scale residential project, will be developed on the acquired land, for...
Cordia Romania sold over 90% of the 485 apartments in Parcului20, both to end-users and investors who buy to rent
Cordia Romania, a member company of the Futureal group, announces that it has obtained the...
Approximately EUR 50 million will be invested this year in the development process of Cosmopolis, this being the biggest annual investment undertaken by the developer since the start of the project, in 2007
Over 5,100...
In Bucharest, E-Distribuție Muntenia investments involved building a new underground power line on the Mașini Grele – IMGB route and modernizing the one in the Fundeni – Pipera 2 area, as well as amplifying...
P3 Logistic Parks (“P3”) announces the results of its leasing activity in Romania during 2022. The evolution of the retail, logistics and transport sectors, together with the suite of modern facilities available in the...
JLL Romania advised SIDE GRUP, the national market leader in cleaning and hygiene, in the lease of 1,500 sqm in CTPark Oradea Cargo Terminal, the first industrial park with air cargo terminal in Romania,...
One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use and office real estate, posts a consolidated turnover of 235.4 million euros in 2022, a 4% increase compared to 2021.
The gross...
Holde Agri Invest SA, a Romanian company that operates farmland, posts consolidated revenues of 117.5 million lei in 2022, an 87% increase compared to 2021, and an IFRS net profit of 11.4 million lei,...
Growth potential remains high amid the overall real estate market development
The property portfolio under the management of the Asset Services department of the Cushman & Wakefield Echinox real estate consultancy company has tripled...
But lower affordability of new homes and restrictive interest rates increased Romanians’ interest in rentals
2022 ended with an 11% increase in the number of apartment transactions in Bucharest, compared to the previous year, while...
SMS Metallurgy Romania chooses Equilibrium 1 to relocate its office in Bucharest and thus occupies the last available office space in the first building of the Equilibrium complex developed by Skanska in the Northern...
Developers announced the construction of more than 275,000 sq. m of new office projects in the major regional cities – Cluj-Napoca, Timisoara, Iasi and Brasov, and therefore the modern office stock should reach approximately...
Access to the internal and external market of Romanian agri-food products must be a strategic objective of the government program, Prime Minister Nicolae Ciuca declared on Wednesday, stressing the need to develop a national...
Agroland Agribusiness (BVB: AAB), a Romanian entrepreneurial company, part of the Agroland group, specialized in the sale of inputs for agriculture, posts operating revenue of 63.5 million lei in 2022, a 97% increase compared...
ADP Romania prelonges its lease contract for another 5 years in Gara Herăstrău, a building part of the Globalworth portfolio. The total surface operated by the company is 8,300 square meters.
A comprehensive global provider...
Farmers are currently in an extremely delicate situation, with full warehouses and empty bank accounts
The war in Ukraine has had a negative influence on Romanian agriculture, with implications that cannot yet be quantified, and...
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use and commercial real estate in Bucharest, Romania, announces acquisition of a 44,863 sqm plot of land located at Soseaua Progresului...
CPI Property Group, one of the largest real estate owners in Europe, announces the completion of the modernization process of the myhive Victoria Park building, thus marking the local growth of an international brand...
The land market remained very active in 2022, maintaining trends seen in the past couple of years which marked the best levels since 2007, but dropped by around 45% in volume of deals closed,...
Romania is among the most competitive countries in Central and Eastern Europe in terms of the retail market. The extensive development of commercial spaces, but also the increased appetite of Romanians for shopping, have...
As of February 2023, SkyTower has become a member of the World Federation of Great Towers – W.F.G.T. following a complex selection and assessment process. This partnership honours the tower and provides new promotion...
What motivates Romanians to travel abroad? In October 2022, Kiwi.com ordered a study* from STEM/MARK about travel habits among responders from Romania, as well as other countries from Central Europe (Czech Republic, Slovakia, Hungary,...
21 new coworking centers and serviced offices were opened, and three coworking hubs were redeveloped
In Crosspoint Real Estate’s latest market study, ”Romanian Flex Offices 2022”, the real estate company made an analysis of the...
Agricover, a significant player in the agribusiness sector in Romania, announces the appointment of Mr. Bogdan Dimcea as CEO of Agricover Distribution SA. Mr. Ghita .ca, who previously held the CEO position, will continue...
Strategic position and the very competitive tariffs in the EU keep Romania in the highlights of investors
Asian companies are expected to enter the local market
Record – a single word can describe the performance of...
Globalworth, the largest investor in CEE and the leader of the office market in Romania, announces over 250,000 square meters of office fit out delivered since the company’s existence to date. In total, 50...
The deal continues the trend seen in 2022, when Romanian capital accounted for about half of the volume traded, a record level for the local market
Colliers advised on the disposal of the real estate...
The European online travel agency FlyGo is relocating its Bucharest offices to Equilibrium 1, the first building of the Equilibrium complex developed by Skanska in the Northern area of the Capital.
With over 15 years...
2022 ended with solid activity levels for industrial and logistics, with some 830,000 square meters of leasing deals closed, significantly up from 675,000 square meters the previous year, according to the annual report released...
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, has obtained the building permit for One Lake District, a large-scale sustainable residential development...
The strategies of companies to return to the office, amid increased inflation and the advantage of the large number of workplace facilities, lifted the office space rental market in 2022, registering a growth of...
Politehnica Business Tower is the new office building that PEDRO Construct is launching on the market.
The investment of 18 million euros brings to the Capital a building which comprises of 9 floors, benefits from...
The Romanian industrial market is going through a period of significant growth and development. With record volumes and a steady upward trend, the market is attracting investors from all over the world and presents...
Transactions exceeded 1.25 billion euros, Romanian capital representing about half of all deals
The Romanian investment market recorded transactions of over 1.25 billion euros last year, well above the 890 million euros result in 2021,...
Daniel Cateliu, joins the Industrial & Logistics Services team, at CBRE Romania, as director
CBRE, the global leader in the real estate consulting market, appoints Daniel Cateliu as Director in the Industrial & Logistics department,...
Romgaz National Gas Company (SNGN) and Socar Trading, a subsidiary of the national oil company of the Republic of Azerbaijan signed on Friday in Baku a new individual contract for the delivery of Azerbaijani...
President Klaus Iohannis stated on Friday that Romania remains highly interested in accessing additional volumes of Caspian gas in order to cover the growing national consumption.
“Since the very beginning, Romania has recognized the important...
Around 500,000 sq. m of office spaces are unoccupied in Bucharest, reflecting a vacancy rate of 15.2%, the highest availability being reported in the Pipera North, Center-West and Floreasca – Barbu Vacarescu submarkets.
There is...
In 2022, the OMV Petrom Group recorded a net profit of 10.3 billion lei, 260% higher compared to the previous year, according to the unaudited financial results submitted to the Bucharest Stock Exchange on...
