Cloud9, part of Alfa Group's real estate division, has begun construction on the second phase of its Cloud9 Evolution residential project in northern Bucharest. The company is investing €80 million in this phase, part of a total €170 million budget for the entire development.
Libra Internet Bank has announced a €35.5 million financing package to support the sixth phase of the Exigent Plaza Residence development in western Bucharest.
Răzvan Brasla, CEO of Cloud9 Residence, talked to Property Forum about the company's €90 million investment in a new residential complex in northern Bucharest and the trend of homebuyers who want to be close to the main business hub of the city that comprises a wide range of facilities.
Alfa Group has acquired the majority of the Iride Park project from CPI Romania, for an undisclosed sum.
Alfa Group is investing €90 million in the first phase of a new residential project in northern Bucharest.
The PeliPartners team was coordinated by Francisc Peli (Managing Partner) and Alexandra Ioniță (Managing Associate).
State-owned power producer Hidroelectrica has signed a turnkey contract for the project.
Romanian producer Aeta, former Electroargeș, has terminated its contract with Beko Romania following a commercial dispute over pricing adjustments for 2025 and 2026.
Bozankaya, a manufacturer of electric vehicles and urban transport solutions, has signed a new contract with Timișoara City Hall for the production of 10 trams for the city's public transport system.
YESS Power, the energy storage brand of Topkapı Endüstri, has delivered a 30MW/60MWh Battery Energy Storage System (BESS) at Mey Energy's 55 MW Novaci solar power plant in North Macedonia.
MOL Group disclosed its financial results for 2025, showing profit before tax of $1.3 billion, representing an 11% decrease compared to 2024. The Hungarian energy company faced a challenging macroeconomic environment, but strong downstream and consumer services results supported overall profitability.