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In 2018, we will be delivering Unirii View»
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AFI Europe Romania: Romanian office market was exceptionally successful in 2017

The Romanian office market in 2017 was exceptionally successful, fuelled mainly by increased expansions and new entries in the IT&C, BPO sectors, as Tal Roma, Business Development Manager AFI Eu...

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Chief Investment Officer...

3 Comments

Crosspoint: Currently, there is a relatively small number of green office buildings throughout Romania

2017 has been a good year for the office market all throughout the CEE region: low vacancy rates (Bucharest - nine per cent, Warsaw - 14 per cent, Budapest - 9.2 per cent, Prague - 10.3 per cent...

Iulius Mall: 2017 a good year both for office premises delivery and office demand from companies planning to expand

Compared to the other countries in the region, Romania still has some catching up to do in terms of high quality office spaces that measure up to European standards, Laurentiu Manea, Manager Off...

CW Echinox: Green certifications now a standard on the Romanian real estate market

2017 was a well-performing year for Bucharest's office market, with many new occupiers and expansions, and the delivered projects were rapidly absorbed, leading to a significant decrease of the ...

2 Comments

ESOP: We expect that the green building trend further grows

The Romanian market is one of the most dynamic in the region due to the accelerated development in IT&C, BPO, shared services industries, and to the expansion of research & development centres t...

Conadi: One opportunity for the residential market is to deliver high-quality projects adapted to buyers' needs

Romania's residential market has started to recover, coming closer to normality and likely to achieve its maturity soon, according to Daniela Barbu, Marketing Communications Specialist at Conadi...

1 Comment

UniCredit announces updates in the Mobile Banking application

UniCredit Bank launches new facilities in the up-to-date version of its Mobile Banking application to provide customers with a simpler and faster user experience.

3 Comments

Immofinanz: Constant, visible shift towards energy efficiency on the local office sector

Romania's strong economic growth in 2017 placed the country in a leading position in the CEE region and the trend is expected be sustainable over the next years, Christian Traunfellner, Head of ...

2 Comments

JLL Romania: 80 per cent of buildings under construction built according to international green standards

Stability and sustainability are the words that can describe the Romanian office market in 2017, according to Madalina Marinescu, Office Department consultant JLL Romania.

Great potential comes with big challenges

The residential market in Romania registered new record investments in 2017, one of its best years so far - and analysts said the trend will continue for sure this year.

2 Comments

Companies return back into the city, says real estate research

When choosing where to relocate offices that companies are occupying, new emerging areas, closer to city center gain relevance. According to a development assessment qualitative report elaborate...

Porsche Engineering Romania leases 3,500 square meters of office space in Cluj-Napoca

The software developer for the automotive industry Porsche Engineering Romania, the local subsidiary of Porsche Engineering Group GmbH, leased 3,500 square meters of modern office space in Vivid...

AFI City residential project certified as a Green Home

AFI Europe Romania enters ROGBC's Pre-Certification phase as Green Project with AFI City's first two residential buildings developed by the company in Bucharest.

Oasis Development brings new tenants for Prima Shops Oradea

Oasis Development, one of the most active retail developers in Romania, welcomes new international and local brands within Prima Shops, the company's retail park & strip mall concept in Oradea....

Companies leased 38,000 sqm of office space in the first quarter, says Colliers

The office market in Bucharest recorded a new net take-up of up to 38,000 sqm in the first quarter of this year. According to Colliers International, demand has come from the energy / industrial...

1 Comment

Portland Trust sells Oregon Park to Lion's Head Investments

Lion's Head Investments makes its first steps into the Romanian real-estate market and announces the acquisition of Portland Trust's and Ares Management's Oregon Park project, which consists of ...

Element Industrial invests 25 million Euro for new industrial project in Bucharest

Element Industrial, a new real estate development company focusing on logistic projects, will develop a portfolio of industrial projects in Bucharest and Romania. The first is ELI PARK 1, to be...

1 Comment

Skanska Property Romania appoints Raluca Stanislav as the new Business Development Manager

Skanska Property Romania, the local division of one of the world's largest real estate developers, announces a new member in the company's management.

1 Comment

Real estate developer Prime Kapital launches its first residential project in Bucharest

Regional real estate developer and investor Prime Kapital announces its first residential project, Avalon Estate, offering approximately 800 residential units within a gated-community concept.

Dutch office company Spaces opens first locations in Bucharest

Dutch workspace company Spaces is opening its first two locations in Bucharest at Unirii View Tower and Campus 6. Constructions have already started and they are due by Q3 2018.

Vastint leases 1,700 sqm at Timpuri Noi Square to Zitec

Vastint Romania has leased 1,700 sqm of office space to Zitec, in the mixed-use development project at Timpuri Noi Square in Bucharest.

Bucharest office market: 30 percent of the demand came from the companies that moved into modern projects

Companies have rented in the first quarter almost 70,000 square meters of office space in Bucharest, one third of the demand came from companies that formerly had its headquarters in old, small ...

CTP started the construction works in CTPark Cluj II

CTP started the construction works for CTPark Cluj II, a new logistics park located near Cluj-Napoca, in Floresti. The property will comprise a total leasable area of 30,000 sqm and will be fina...

Bucharest reached over one million employees this year, says C&W Echinox

The number of employees in Class A and B office buildings in Bucharest reached around 250,000 at the end of last year, while the total number of employees in the Capital exceeded the threshold o...

Coldea Constructii to expand on the Romanian real estate market

Coldea Constructii announces its plans to expand on the Romanian real estate market and focuses on innovation and digitalization.

1 Comment

Skanska sells first office building in Campus 6 Bucharest to CA Immo

CA Immo has acquired Campus 6.1 office building in Bucharest from Skanska. The transaction volume is 53 million Euro. The closing of the transaction is subject to the conditions usual for such t...

1 Comment

AFI Europe Romania posts 13.6 million Euro net operating income, up 12 per cent in Q1 2018

AFI Europe Romania published its financial results; The Net Operating Income from its income producing assets in Romania reached 13.6 million Euro during Q1 2018, representing 12 per cent high

Belgian real estate group finalizes one of the biggest land transaction in Romania

Romanian broker specialized exclusively in industrial real estate Dunwell, and VGP, one of the main industrial parks developer in Germany and CEE, concluded a 230,000 sqm land transaction in Bra...

1 Comment

Alesonor invests 100 million Euro in first green suburb in Romania

Alesonor, a luxury real estate developer owned by Greek investors, plans to develop the first green suburb in Romania, in Bucharest's northern area, with an investment of about 100 million Euro....

H&M leases 1,000 sqm for future HQ in Unirii View project

Fashion retailer H&M leases 1,000 sqm for its future HQ in Unirii View office project.

CTP appoints Daniel Paraschiv as business development manager for Transylvania region

Industrial parks developer CTP has appointed Daniel Paraschiv as Business Development Manager for Transylvania, starting June. He will oversee the company's growth and strengthening in the Weste...

Pernod Ricard Romania leases 600 sqm of office space in Unirii View

Pernod Ricard Romania, one of the most important distilled beverages importers in Romania, leased 600 square meters of office space in Unirii View, the tallest modern office building in downtown...

Vox Vertical Village to be delivered in Timisoara at the end of 2019

Vox Vertical Village represents the first "vertical village" concept on the local real estate market and will reunite 120 houses in a building with ten levels. Over a third of the constructed ar...

Office spaces are being adapted to millennials' requirements, says Colliers

One third of Central and Eastern European professionals (CEE) - Poland, the Czech Republic, Slovakia, Hungary, Romania, Bulgaria - believe their workplace will change over the next 2-3 years, ac...

Iulius to begin the construction works for the fourth office building in Openville Timisoara

The Iulius Company commences the construction works for the fourth office building of the total six to be included in the Openville Timisoara mixed-use development.

JLL secures 11 million Euro for refinancing of Lascar 31 Business Center Bucharest

JLL has successfully secured 11 million Euro to refinance the Lascar 31 Business Center Bucharest on behalf of the manager of the project, ForeVest Capital Partners. Intesa Sanpaolo Bank Romania...

German IT company expands in Openville Timisoara

A new multinational company has joined the United Business Center, the office component of the Openville Timisoara mixed-use project. Steadforce is a German software consultant and developer, it...

British investor puts 30 million Euro in new mall in Northern Bucharest

Nova Imobiliare, the company that owns the Colosseum retail park in Northern Bucharest, will invest some 30 million Euro in expanding the project with a mall.

1 Comment

AFI Europe Romania starts the construction of AFI City residential project

AFI Europe Romania announces the start of the AFI City residential project construction. First phase is to end in 16 months and will deliver two buildings with 190 homes.

More on News
TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

1 Comment

ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

4 Comments

UniCredit announces updates in the Mobile Banking application

UniCredit Bank launches new facilities in the up-to-date version of its Mobile Banking application to provide customers with a simpler and faster user experience.

3 Comments

Iulius Mall: 2017 a good year both for office premises delivery and office demand from companies planning to expand

Compared to the other countries in the region, Romania still has some catching up to do in terms of high quality office spaces that measure up to European standards, Laurentiu Manea, Manager Off...

CW Echinox: Green certifications now a standard on the Romanian real estate market

2017 was a well-performing year for Bucharest's office market, with many new occupiers and expansions, and the delivered projects were rapidly absorbed, leading to a significant decrease of the ...

2 Comments

ESOP: We expect that the green building trend further grows

The Romanian market is one of the most dynamic in the region due to the accelerated development in IT&C, BPO, shared services industries, and to the expansion of research & development centres t...

Conadi: One opportunity for the residential market is to deliver high-quality projects adapted to buyers' needs

Romania's residential market has started to recover, coming closer to normality and likely to achieve its maturity soon, according to Daniela Barbu, Marketing Communications Specialist at Conadi...

1 Comment

Immofinanz: Constant, visible shift towards energy efficiency on the local office sector

Romania's strong economic growth in 2017 placed the country in a leading position in the CEE region and the trend is expected be sustainable over the next years, Christian Traunfellner, Head of ...

2 Comments

JLL Romania: 80 per cent of buildings under construction built according to international green standards

Stability and sustainability are the words that can describe the Romanian office market in 2017, according to Madalina Marinescu, Office Department consultant JLL Romania.

Great potential comes with big challenges

The residential market in Romania registered new record investments in 2017, one of its best years so far - and analysts said the trend will continue for sure this year.

2 Comments

AFI Europe Romania: Romanian office market was exceptionally successful in 2017

The Romanian office market in 2017 was exceptionally successful, fuelled mainly by increased expansions and new entries in the IT&C, BPO sectors, as Tal Roma, Business Development Manager AFI Eu...

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Chief Investment Officer...

3 Comments

Crosspoint: Currently, there is a relatively small number of green office buildings throughout Romania

2017 has been a good year for the office market all throughout the CEE region: low vacancy rates (Bucharest - nine per cent, Warsaw - 14 per cent, Budapest - 9.2 per cent, Prague - 10.3 per cent...

Romanians want more EU efforts for stability in economy and combat of corruption

Romanians want the European Union to put more efforts for the stability of the economy, the reduction of corruption, public policy and education, according to a survey by the European Committee ...

Questionable fiscal policies of government led to hike in inflation and interest rates, says president Iohannis

President Klaus Iohannis says he will attempt to mediate the conflict between government representatives and officials of the National Bank of Romania (BNR).

Political risks in CEE on the rise but no impact yet on local businesses, says Coface

A recently released report by Coface assessing the political risks in the Central and Eastern European countries (CEE) shows that, while social risks are low, due to the favourable macroeconomic...

Romania and US held 6th meeting of the Strategic Partnership Dialogue

The Governments of Romania and the United States of America held the sixth plenary meeting of the Strategic Partnership Dialogue in Bucharest, Romania, on June 19, 2018.

Romanian finance minister sees no crisis around the corner

Romania is not in the situation of being affected by an economic crisis, according to finance minister Eugen Teodorovici.

Pillar 2 is a fundamental tool for pension savings, says Foreign Investors Council

The Foreign Investors Council (FIC), which brings together companies hiring approximately 200.000 people, is worried by possible policy measures affecting the three-pillar pension savings system...

1 Comment

Fewer Romanians work from home than anywhere else in the EU, says Eurostat

Romania has the lowest percentage of work from home employees in 2017, according to a recent Eurostat study released for Labour Day.

13 Comments

Autonom buys BT Operational Leasing from Banca Transilvania

The Banca Transilvania Financial Group and Autonom have closed a deal for the sale of 100 percent of shares in BT Operational Leasing. Through this deal, BT exits a field that was a secondary ni...

1 Comment

World Bank sees Bucharest on par with Western Europe capitals

Capitals in Eastern Europe, such as Bucharest, Sofia, Budapest and Warsaw compete with almost any major city in Western Europe in terms of economic development, according to a World Bank report....

3 Comments

IMF criticizes Romania's low level of public investments

A document published by the International Monetary Fund (IMF) after consultations with Romania says that a more cautious fiscal discipline would help rebalance Romania’s economy and lessen the...

1 Comment

Facebook posts record revenues for Q1, despite data privacy scandal

Facebook Inc. shares rose on Wednesday after the company posted a surprising 63 per cent rise in profit as well as an increase in users, despite the fact that it has been going through a difficu...

Romania's inflation rate hits 5-year record high of 5.2 per cent in April

Romania's annual inflation rate rose to 5.2 per cent in April, a new record level since June 2013, energy prices increases having a large contribution to the evolution of consumer prices, Nation...

Vodafone Romania posts 723 million Euro services revenues in 2017, up 2.5 per cent compared to last year

Vodafone Romania announces the key performance indicators for the fiscal year ended March 31st, 2018, as reported by Vodafone Group Plc.

OTP Bank Romania's profit increased 18 per cent in Q1 2018

OTP Group announces the financial results for the first quarter of 2018. According to the report published in Budapest, which presents the consolidated result adjusted in accordance with the Gro...

1 Comment

Romanian insurance sector doubles profit in 2017

The insurance sector in Romania doubled its net profit last year to 508 million RON (110 million Euro) from 251 million RON in 2016, according to profit.ro.

Romania to face extreme workforce crisis, KeysFin analysis finds

According to a KeysFin analysis, Romanian companies are having difficulty finding employees who are skilled and have communication and teamwork abilities. After competing for good employees with...

1 Comment

Employees in Bucharest, Cluj, Timis and Ilfov best paid in 2018

Employees in Bucharest and the counties of Cluj, Timis and Ilfov are the best paid this year in terms of net average monthly earnings. At the opposite end are employees in the counties of Bistri...

Banca Transilvania to sell 350 million Euro worth of bonds

Romanian lender Banca Transilvania wants to sell subordinated bonds worth 350 million Euro, with a 10-year maturity and a fixed or variable interest rate.

Telekom Romania launches first loans in partnership with Alior Bank

Telekom Romania, one of the biggest local telecom groups, has launched its first two loans in partnership with Polish lender Alior Bank.

1 Comment

Vodafone to boost converged services by acquiring UPC Romania

Vodafone Group Plc has agreed to acquire Liberty Global's operations in Romania, Germany, Czech Republic and Hungary, for a total enterprise value of 18.4 billion Euro as part of a major investm...

Banca Transilvania acquires Bancpost, ERB Retail Services IFN and ERB Leasing IFN

Banca Transilvania has become the owner of the majority of shares (99.15 per cent) held by Eurobank Group in Bancpost, as well as the owner of shares held in ERB Retail Services IFN and ERB Leas...

Austrian group buys industrial laundry business in Romania for five million Euro

Austrian group Salesianer Miettex, which provides industrial laundry services, has taken over a division of local group Promar Textil from Brasov and its brand, Kromatic, according to Romania In...

Unicredit estimates economic slowdown in Romania

The economic growth rate in Romania will slow down to 4.4 per cent in 2018, from close to 7 per cent last year, and the government risks to register budget deficits exceeding 3 per cent of GDP i...

Goodyear reports net income of 75 million USD in Q1

The Goodyear Tire & Rubber Company today reported results for the first quarter of 2018.

Deloitte Romania survey: 60 per cent of the CFOs find the fiscal and regulatory framework as unstable

On the background of a falling unemployment and highest GDP growth in Central and Eastern Europe, Romanian CFOs enjoy an overall positive business climate, yet they focus more on consolidation r...

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Daily Info
Believe in people's potential
"The greatest danger for most of us is not that our aim is too high, and we miss it, but that it is too low, and we reach it." (Michelangelo Buonarroti) This is my motto that guided me since forever. by Mihaela...

Veeam estimates record growth, one billion USD turnover in 2018
Veeam Software posts another quarterly growth, 21 per cent higher than last year. Overall, the financial performance for 2017 was remarkable, with revenues of 827 million USD.

TransferGo attracts 8.6 million Euro financing for international expansion
TransferGo, the international fast online transfer company, has attracted a round of investment of 8.6 million Euro, which is the biggest amount received in a single financing round by the company. ...

Bucharest Henri Coanda Airport could get a new terminal
A new passenger terminal could be added to Bucharest's Henri Coanda International Airport (Otopeni), as part of an ample development project estimated at over one billion Euro that will also include a platform,...

New Kopel Car to import BYD electric vehicles in Romania
New Kopel Car Import, a SIXT Group Romania company, announced that it became the importer of BYD Electric busses and vehicles in Romania.