Category: News

Cloud9, part of Alfa Group’s real estate division, is allocating €3 million to build a modern school inside the Cloud9 Evolution residential complex in northern Bucharest. The new educational facility is scheduled to open in the 2026–2027 school year and will serve both residents of Cloud9’s projects and the wider community. The school will include […]

Starting in January 2025, Cluj International Airport has begun fueling aircraft with sustainable aviation fuel (SAF) supplied by OMV Petrom, marking a significant step toward reducing carbon emissions in air transport. With 3.3 million passengers in 2024, Cluj International is Romania’s largest regional airport and the country’s second busiest after Otopeni. The introduction of SAF […]

Schneider Electric, a global leader in energy management and automation, has appointed Ionuț Farcaș as President of its Central and Eastern Europe (CEE) division. Farcaș, who joined Schneider Electric in 2014, previously held leadership roles in Romania and internationally, including Country General Manager for Bulgaria, Albania, North Macedonia, and Kosovo, as well as Senior Vice […]

OMV Petrom has signed Romania’s largest-ever physical power purchase agreement (PPA), securing 62% of the electricity generated by DRI’s Glodeni I and Glodeni II solar projects and 50% of the output from the Vacaresti solar project. The total combined capacity of these renewable energy projects reaches 239 MW, with deliveries set to begin in January […]

Warehouses De Pauw (WDP), a leading Belgian real estate investment trust (REIT) specializing in logistics and industrial properties, reported record financial and operational results for 2024, reinforcing its position as a key player in the European logistics market. The company invested €1 billion, including a major expansion in France, strategically aligning with market conditions. Structural […]

Beko has appointed Marius Mihăilescu as the new CEO for Romania, Moldova, Greece, Malta, and Cyprus, effective January 1, 2025. Beko Romania announced the leadership transition following the departure of Murat Büyükerk, who concludes his seven-year tenure to pursue new professional opportunities. During his time at Beko, Murat Büyükerk played a key role in transforming […]

Holcim România has announced the appointment of Adina Pădurariu as the new director of its Autoclaved Aerated Concrete (AAC) plant in Adjud, Vrancea County. Pădurariu, who has been with the company for ten years, takes over from Carmen Bîrlă, who is retiring after 22 years with Holcim. With a 30-year career in the petrochemical and […]

IULIUS, one of Romania’s leading real estate developers, has partnered with Foster + Partners, a globally renowned architecture firm, to implement two transformative urban regeneration projects in Iași and Constanța. These groundbreaking initiatives represent investments exceeding €800 million, aimed at redefining urban landscapes with sustainability and innovation at their core. In Constanța, a 38-hectare industrial […]

UE Furniture, a global leader in the production of chairs, armchairs, and sofas, has completed the acquisition of Rus Savitar, one of Romania’s largest furniture and chipboard manufacturers. The deal, facilitated by CBRE Romania, encompasses 120,000 sqm of land and 60,000 sqm of buildings located in Dudeștii Noi, Timiș County. The acquisition marks a significant […]

REI Grup, one of Romania’s top consultancy firms specializing in non-reimbursable funding, has revealed that more than €2 billion will be allocated in the first quarter of 2025. These funds aim to support projects in key areas like start-ups, technology, artificial intelligence, renewable energy, agriculture, and tourism. With over 15 financing programs available, funding ranges […]