Cascade Capital, part of the Cascade Group, invests over €40 million to support local entrepreneurs
Euro Tower Cascade Group, a family office with foreign capital and over two decades of experience in the real estate, investment and financial field in Romania, announces the launch of the Cascade Capital division. Through this strategic initiative, the Group aims to invest more than 40 million euros in the next 5 years, offering capitalization […]
AFI Europe appoints Luciana Giurea to lead the company’s residential development division in Romania
Luciana Giurea, Head of Residential Division, AFI Europe Romania AFI Europe announced the appointment of Luciana Giurea, former General Manager of the AFI Ploiești shopping center, as the Head of the Residential Division. In this role, Luciana will oversee all residential real estate projects – for rent or sale –in Romania and will drive the […]
Cushman & Wakefield Echinox: La Cocos opens a new store in Brasov, which becomes the third city where the local retail chain is present
The La Cocos local retail chain continues its expansion in Romania by opening a new store in Brasov, its fourth hypermarket in the country, through a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company. The new store will have an area of approximately 10,000 sq. m, being located in the Brintex-Brașov […]
DOMENIILE SALAMEH RENEWABLES received two grid connection approvals from Transelectrica, for the largest solar-wind-storage combined parallel development of renewable energy projects in Romania
As of February 2024, DOMENIILE SALAMEH RENEWABLES, a Constanta based landowner and renewable energy projects developer, received the Grid connection approvals from TRANSELECTRICA, for the development of a 220 MW Solar park and 223 MW Wind park, in Constanta. This is the largest project of combined wind, solar and storage capacities in the country so […]
Colliers: Bucharest recorded the highest number of residential sales in the last 15 years in December
Gabriel Blăniță, Associate Director Valuation & Advisory Services at Colliers Romania Romania remains the European country with the highest number of house and apartment owners, according to official statistics, and although interest in buying a property remains high, a significant proportion continues to live in rented accommodation. 13% of Romanians aged between 18 and 55 […]
AllCloud Secures a Workspace in River Plaza, for Agile Growth, Advised by CBRE
The global professional services company has fortified its presence in Romania through an office lease meant to easily accommodate its expansion perspectives Bucharest, 4th March 2024 – ALLCLOUD, a US-based global leader in cloud-based services, has selected River Plaza, a modern office building in Romania’s capital city, in a strategic real estate transaction facilitated in […]
Simtel acquires a company developing a photovoltaic park with an installed capacity of 5.35 MWp DC
Mihai Tudor, CEO and executive member of the Board of Directors of Simtel Team Simtel Team, a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and a national leader in renewable energy, announces the complete takeover of Oasis Green Energy 3, a project company developing a photovoltaic park […]
NN paid almost 1 billion lei to insurance and private pension clients in Romania in 2023
Kuldeep Kaushik, CEO NN NN paid insurance customers and private pensions participants 983 million lei in 2023, 27% more than the previous year. NN closed 2023 with solid financial results across all business lines, and through insurance benefits and private pensions paid it continued to provide protection and financial support to clients in unforeseen times […]
BCR Group reports a profit of 2.3 billion lei in 2023, up 33%
Sergiu Manea, CEO Banca Comercială Română BCR Group achieved a net profit of RON 2.32 billion (EUR 469 million) last year, up by 33% compared to 2022, driven by improved operating result, underpinned by advance in customer business. “For BCR, prosperity is also built through financial education, beyond everything that means real collaboration with all […]
MedLife recorded last year a consolidated pro-forma turnover of 453 million euros, up by 25% compared to 2022
MedLife, the largest network of private medical services in Romania and the only Romanian capital company among the top operators of private medical services listed on the Stock Exchange, reports a consolidated pro-forma turnover of RON 2.24 billion, up by 25% compared to the previous year. At the same time, MedLife managed to gradually recover […]