Electric For Business, the new Avis Romania service dedicated to companies
Avis, a global mobility provider, has expanded its business with a new service dedicated to companies in Romania – Electric for Business. The new mobility solution provides companies with a modern, efficient, and eco-friendly fleet of electric cars. The Avis Electric for Business fleet will feature leading models such as the New Volkswagen ID.3 Advanced […]
Bozankaya won the tender organized by the Municipality of Iași and will deliver 18 more trams
Rolling stock manufacturer Bozankaya will deliver eighteen more modern trams after winning a new project in a tender organised by the Municipality of Iași. Bozankaya was selected as the preferred supplier after submitting the most advantageous offer worth 141.4 million lei, which is more convenient than the expected contract value of 177.2 million lei, according […]
PepsiCo Romania appoints a new director to lead the Organized Trade division
Alexandra Rîștariu PepsiCo Romania, one of the leaders in the food and beverage industry, announces the appointment of Alexandra Rîștariu as Organized Trade Director. She will report to Radu Berevoescu, General Manager and Senior Commercial Director East Balkans. With a career spanning over 15 years in the fast-moving consumer goods (FMCG) industry, Alexandra Rîștariu has […]
Stay Fit Gym continues the network expansion process by taking over two fitness centers in Braila and Galati
Stay Fit Gym, the fitness network with the largest city coverage in Romania, announces the complete takeover of two fitness centers in Braila and Galati from Elite Gym. With the acquisition of the two centers, Stay Fit Gym reached a network of 32 open centers nationwide. The company began an accelerated development process following Morphosis […]
Bonton Luxury Villas has completed the handover of its second phase, featuring 30 luxury villas
Andrei Cantaragiu, CEO City Garden Residence City Garden Residence has successfully completed the handover of the second phase of Bonton Luxury Villas, the project consisting of 66 luxury villas developed in Pipera, following an investment of over 19 million euros. The handover process was carried out for 30 high-quality villas, which will feature all the […]
Hercesa Romania sold 50% of the first building in Stellaris Residencias Phase 1
Vivenda Block D The elimination of the reduced VAT rate of 5% from 1 January 2024 will lead to a redesign of the apartment mix in the Stellaris Residencias project, developed by Hercesa Romania near the Steaua stadium in Bucharest, the first building of which has been 50% sold. ”The impact of the increase in […]
The winter sports tourism presents an opportunity for fostering growth within Romania’s real estate market
Ilinca Timofte, Head of Research, Crosspoint Real Estate. Crosspoint Real Estate, one of the leading local real estate service providers in Romania, launches the “Ski report 2023-2024” study, which analyses the investment advantages of mountain resorts in Romania. 2023 was the best year for the winter tourism industry in Romania, surpassing the level recorded in […]
Telerenta announces €3 million investment in 2024 and projects over 10,000 electronics rentals by year-end
CEO of Telerenta The Romanian technology startup, Telerenta, which operates the only electronic equipment rental platform in Southeast Europe for home users and, since the end of last year, for businesses as well, has budgeted investments of approximately 3 million euros for 2024. The investments will be directed towards platform development, user experience improvement, portfolio […]
iO Partners & JLL: 2024 outlook shows renewed optimism, after 2023 recorded the lowest investment levels in a decade
Andrei Văcaru, CEE Head of Capital Markets at iO Partners The total investment in commercial real estate assets, encompassing office spaces, retail establishments, logistics and industrial spaces, and hotels, across Poland, Czech Republic, Hungary, Slovakia, and Romania, amounted to a mere €5.1 billion in 2023. This figure represents the lowest annual amount recorded in the […]
Colliers: Bucharest’s office market saw a record number of leasing deals in 2023, but deliveries were at their lowest level since 2015
Victor Coșconel, Head of Leasing | Office & Industrial Agencies at Colliers Uncertain times call for caution and that was evident in all aspects of the office market in 2023, a year characterized by mixed activity. Overall, total demand saw an increase of some 44% versus 2022, to around 400,000 square meters, easily surpassing the […]