Category: News

TBI Bank has reported a significant 40% increase in net profit for the first quarter of 2024, achieving a net profit of €113 million compared to €82 million in the same period last year. The unaudited consolidated financial results highlight the bank’s strong performance and strategic market expansions. During the first three months of 2024, […]

The farm “Sol și Suflet” has marked three years of innovation in regenerative agriculture, becoming a self-sustaining model in Romania. The project, developed by the Permaculture Research Institute of Romania, received financial support of 125 million lei from Kaufland Romania. “Sol și Suflet” farm adheres to the principles of regenerative agriculture, a system that prioritizes […]

OMV Petrom, the largest integrated energy producer in Southeast Europe, has operationalized the largest crude oil storage tank in Romania at the Petrobrazi refinery. The tank, built to the latest industry standards, includes double walls and bottom, an aluminum dome roof, and an internal floating cover to minimize vapor emissions. This two-year project required an […]

Elena Iaru, Consultant Office Agency Cushman & Wakefield Echinox flydubai, the UAE-based airline, opens an office in Bucharest in the Eminescu Offices building through a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company. ”We are happy to observe that the office rental market is appealing to companies from various fields of […]

Hercesa Romania announces the start of construction works on the second building of the Stellaris Residencias project, developed next to the Steaua stadium in Bucharest, and the start of sales of the 125 apartments in this phase on April 26, 2024. “We started construction works on the second building in Stellaris Residencias two months earlier […]

Ana-Maria Nemțanu, Leasing Director of Hagag Development Europe Real estate investor-developer Hagag Development Europe appoints Ana-Maria Nemțanu – skilled professional with over 17 years’ worth of experience in the local real estate industry, as Leasing Director. “We are delighted to welcome Ana aboard, and confident that her experience and solid knowledge of the local real […]

World Class, the largest health & fitness network in Romania, announces investments of over 25 million euros in the modernization of existing clubs and the opening of new premium clubs and pools nationwide. The network aims to surpass the milestone of 100,000 active members in the next year and grow from 45 to over 65 […]

Oana Popescu Crosspoint Real Estate, one of Romania’s leading real estate consulting agencies, announces the recent appointment of Oana Popescu as Partner. Oana Popescu joined the Crosspoint team in the summer of 2017 and took over the lead of the residential department in 2022. Her client list includes high-profile names such as NEPI Rockcastle, Toyota, […]

Jan Demeyere & Didier Balcaen Straco Real Estate and Baltisse announce the successful acquisition of a majority stake in SPEEDWELL, a premier real estate developer based in Romania. This strategic move solidifies Baltisse and Straco’s commitment to expanding their presence in Eastern Europe, leveraging SPEEDWELL’s established reputation and expertise in the region. Jan Demeyere and […]

Andrei Ianculescu, head of project management Cushman & Wakefield Echinox The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average […]