Park Properties buys 15,000 sqm land plot near Bucharest
Real estate developer Park Properties has purchased a 15,000 sqm land plot on the shores of Lake Snagov, near Bucharest, for a luxury villa residential development.
Real estate developer Park Properties has purchased a 15,000 sqm land plot on the shores of Lake Snagov, near Bucharest, for a luxury villa residential development.

The World Bank has significantly downgraded its economic growth projections for Romania this year, lowering expectations to 0.5% from the 1.3% forecast issued at the start of 2026.
Foraj Sonde Videle has announced the acquisition of Raffles Energy, a British holding company that owns two Romanian energy companies active in natural gas and electricity production.
Econergy Renewable Energy has secured approximately €31 million in project financing from Kommunalkredit Austria to develop its 60 MW photovoltaic project in southeastern Romania.
Romanian software company Arobs Transilvania Software has completed the merger by absorption of five subsidiaries - Arobs Development & Engineering, Berg Computers, Nordlogic Software, Infobest Romania, and Centrul de Soft GPS.
The European retail sector faced a cooling period in February 2026, with the latest Eurostat data revealing a divergence between a stabilising Union and a sharply declining Romanian market.