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OECD: In 2022, health expenditure in Romania represented 6.5% of GDP, compared to the EU average of 11%.

The purchase of modern equipment will significantly contribute to increasing protection against overloads and short circuits.

Romania's hotel market has recorded transactions with an average value under €5 million over the past 18 months, according to a Crosspoint Real Estate report. 

AWS, Digital Realty, Google, Meta, Microsoft and Schneider Electric, released an open letter that explains the importance of Environmental Product Declarations.

The Volkswagen Passat remains the most desired car in the secondary market, but the popularity of the Toyota Corolla is growing.

The transaction has an estimated value of approximately €27 million and was recently signed.

The European Bank for Reconstruction and Development (EBRD) has announced a €10 million equity investment in Romanian retail chain La Cocoș. Additional equity funding will be provided by CEECAT Capital and Morphosis Capital to support the retailer's development plans.

Property Forum's annual SEE Property Forum Award Ceremony will take place during SEE Property Forum on 22 October 2024. The list of award categories is already available and nominations are now open until September 16th. Property Forum's Country Manager for Romania Fulvia Meirosu and CEO Csanád Csürös answered all potential questions related to the nomination process and explained how the winners will be selected.

Founded in 2014, La Cocos is a Romanian discount retailer currently operating three locations in Ploiesti and Bucharest.

Back-to-school spending is likely to remain unchanged this year, as 73% of parents are concerned about rising prices for everyday purchases.

Through this strategic transaction, Humans.ai strengthens its position in the emerging sector of artificial intelligence and blockchain technology.

In the first half of the year, Impact generated revenues of RON 98 million, up 65% compared to the first half of last year.

Bucharest's hotel market is set to expand by around 2,400 rooms by 2026, outpacing the estimated growth from other CEE-based capital cities, according to a Cushman & Wakefield report.

The retail and residential players have been the most active buyers of land during H1 2024, while speculative transactions are also gaining ground, according to Colliers Romania research.

Retail developers maintain intense activity nationwide, focusing both on developing retail parks and on standalone stores operated by major retailers.

The proceeds will be used, among others, for the development, construction, and operation of two solar photovoltaic plants in Giurgiu County, with a combined capacity of 315 MW.

Romanian law firm PeliPartners has assisted Immofinanz in the sale of myhive Victoriei to AFI Europe, in a deal worth an estimated €27 million.

Razvan Costin, the founder of Starfish Technologies, joins Humans.ai as Head of Innovation and board member, with the development team integrating into the Humans.ai R&D team.

Banca Transilvania's net profit amounted to RON 1.81 billion, +42.6% compared to the first six months of 2023.

Alin Latu has seven years of expertise in the foreign exchange market and international payments. For the past three years, he served as Country Manager for iBanFirst Romania.

Known as the first modern office building in Bucharest, myhive Victoriei was acquired by Immofinanz AG in 2021, with PeliPartners also acting as legal advisor for the buyer.

Sales of homes funded by bank loans rose by 40% during H1 2024 compared to the same period of last year over the reduction of interest rates and the increase in transaction prices, according to transactions brokered by RE/MAX Romania.

The construction of the Bellemonde project will benefit from a total investment of over €40 million.

The current workforce landscape has been significantly influenced by recent challenges, leading to a shift in how employees perceive their well-being. This highlights the importance for employers to prioritize their employees' health and happiness, actively supporting them and fostering a workplace culture that values holistic well-being, writes Cătălin Năstăsoiu of Genesis Property.

The construction of the factory started in May 2023 and requires a total investment of €650 million.

With extensive experience in the IT products and services industry, the company specializes in consulting, implementation, configuration of Atlassian products such as Jira, Confluence or Bitbucket

Reduced bank interest rates and banks' offers for this product are among the drivers of this trend.

180,000 kilometers were covered by employees, which translated into a total of €30,000 donated by the company to NGOs in five countries, including "Ana si Copiii" Association in Romania.

AFI Europe has purchased the myhive Victoriei building in central Bucharest from Immofinanz for around €27 million. The new owner plans to turn the existing office building into a mixed-use project, with the conversion permit already secured.

At the level of the entire holding, an EBITDA level of RON 36.3 million is reported in S1 2024, representing an increase of 75.2% compared to the same period of the previous year.

Romanian developer Bellemonde Developement has obtained €21 million in funding from Libra Internet Bank for a residential project in Pipera, near Bucharest.

Adrian Pop, General Manager of ADP Green Building, spoke with Property Forum about the role of financial institutions in increasing the sustainability of real estate projects and the growing demand for certifications from international real estate investors.

The Group continued its commitment to innovation, with R&D spending up 6% year-to-year to $476 million.

SIPEX's business growth was supported by careful inventory management, accurate sales forecasting, and diligent expense management.

The investment in the restaurant in Brăila, opened on August 15, amounted to €350,000.

FlixBus enters into a strategic partnership with SelfPay and Own.Solutions through which passengers in Romania will be able to purchase coach tickets on international routes.

The lawyers advised on aspects including finance structuring, drafting and negotiation of finance documents and bankability review of project agreements.

Copeland plans to hire across several areas including Application Engineering, Electronics Engineering, Oracle and IT Support, Business Analysis, Sales & Operations and Logistics.

Bogdan Nicoară, CEO of Bright Spaces, talked to Property Forum about the startup's plan to operate in eight markets by year-end and the diversification of its digitalisation platform for real estate companies. He also mentions some of the main trends shaping the proptech industry.

The company Rețele Electrice Muntenia, has launched, the procedure for the acquisition of works worth RON 45.8 million, the beneficiary being the operator Rețele Electrice Banat.