Nusco, one of the most active real estate developers on the local market, aims to integrate the concept of a mini urban forest into the urban regeneration project Nusco City, over an area of 20,000 square meters, with more than […]
Otokar, the defense systems division of Turkey’s largest conglomerate, Koç Group, has signed a joint venture agreement with one of Romania’s most prominent defense companies, Automecanica, to manufacture armored vehicles in Romania, contributing to the development of the country’s defense […]
The general meetings of shareholders of OMV Petrom – held on April 24 – approved all proposals submitted by the Management Board, including the distribution of record dividends, in the amount of 2.8 billion lei for the financial year 2024, […]
CTP, Europe’s largest listed developer, owner, and operator of industrial and logistics properties by gross leasable area announces a partnership with state-owned postal operator Poșta Română (“Romanian Post”), Romania’s market leader in postal and logistics services. Starting this spring, Romanian […]
Hidroelectrica announces the signing of the contract with Prime Batteries Technology and Enevo Group for the acquisition of the Li-ion battery storage facility in Crucea Nord Wind Farm. The main purpose of the investment is to reduce internal imbalances at […]
Starting this May, Wolt, the technology company known for its local commerce platform, is officially entering the Romanian market. The transition from Tazz to Wolt will begin in selected cities and gradually roll out across the country, culminating in Bucharest, […]
The Bucharest hotel market recorded further performance recovery in 2024, in terms of RevPAR and occupancy rate, while the ADR finally surpassed the milestone of 100-euro average daily rate, according to the real estate consulting company Cushman & Wakefield Echinox. […]
Vastint Romania has concluded a new lease agreement with Tchibo Brands Romania, which is relocating its headquarters to Business Garden Bucharest, Building A, 4th floor, occupying a space of 1,130 sqm. “Considering that sustainability is an essential pillar of our […]
OVES Enterprise, a Romanian company specialized in the development of complex software solutions for the defense, aerospace, and cybersecurity industries, has signed a strategic memorandum with MSI Defense Solutions, a U.S.-based integrator of advanced tactical systems for land and naval […]
Economic growth in the developing economies of the Europe and Central Asia region is likely to slow, says the World Bank’s Economic Update for the region, released today. Regional growth is now expected at 2.5 percent in 2025-26 owing to […]
