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).
Romania posted in November in the highest inflation rate in the European Union, according to statistical office Eurostat.
Romanian construction company Bog'Art has published its 2024 Sustainability Report, marking the second year the company voluntarily reports on its environmental, social and governance performance. The report demonstrates the company's commitment to transparency and sustainable development in Romania's construction industry.
Fitch Ratings has affirmed its Long-Term Issuer Default Rating of BBB- with a negative outlook for Romanian state-owned nuclear power company Nuclearelectrica.
Romania's Ministry of Finance attracted almost RON 1.5 billion (€293 million) through its 11th Fidelis government bond offering of 2025, which began trading on the Bucharest Stock Exchange.
Ebury, the global fintech specialising in international payments and FX risk management, has appointed Cosmin Bucur as its new Country Manager for Romania.