One United Properties acquires €11.4 million plot for €50 million One Academy Club development in Bucharest
One United Properties (BVB: ONE) has acquired a 14,295 square meter land plot near Lake Tei in Bucharest for a future mixed-use project, One Academy Club. The transaction is valued at €11.4 million and was settled through compensation with future residential and commercial units to be developed on the site. The new development will comprise […]
Nine major European banks to issue euro-denominated stablecoin by 2026 under MiCAR
ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International (RBI) have formed a consortium to launch a regulated euro stablecoin by the second half of 2026. The digital payment instrument will be based on blockchain technology and aims to become a trusted European standard in the digital economy. The stablecoin […]
CCE-R promotes Swiss model for Romanian tourism brand
The Swiss–Romanian Chamber of Commerce (CCE-R) held a conference in Bucharest focused on the future of Romanian tourism, bringing together hospitality industry leaders and members of the Swiss–Romanian business community. The event stressed the need for a coherent national brand identity for Romania as a tourist destination, inspired by the Swiss success model. H.E. Massimo […]
IULIUS invests €29 million in Europe’s largest private bioremediation project on 38-hectare site in Constanța
IULIUS has initiated the most extensive private bioremediation process in Europe, investing over €29 million to rehabilitate a 38-hectare contaminated industrial site in central Constanța. This initiative marks a significant step in the company’s broader €800 million urban regeneration project, which aims to transform the former Oil Terminal platform into a modern mixed-use urban district. […]
Kaufland România streamlines procurement process to support local producers
Kaufland România has announced a new procurement strategy aimed at simplifying the listing process for local and regional producers, providing them with more direct access to store shelves and reducing bureaucratic hurdles. The retailer is introducing a dedicated team of buyers responsible exclusively for local and regional assortments. These buyers will work closely with producers […]
Cloud9 invests €3 million in modern school within €90 million Cloud9 Evolution project
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 […]
Cluj International Airport Becomes First in Romania to Use Sustainable Aviation Fuel (SAF)
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 Appoints Ionuț Farcaș as President of Central and Eastern Europe
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 Secures 62% of Solar Energy from DRI in Romania’s Largest PPA Deal
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) Reports Strong 2024 Financial Results with €1 Billion Investment
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 […]