Romanian developer Iulius will start this month a remodelling of its mixed-use project Palas Iași, based on a concept by architecture firm Foster + Partners.
Romanian developer Iulius has comissioned UK-based Foster + Partners architecture studio to work on two projects in Romania.
Romanian developer Iulius says its entire portfolio holds green certifications or is pending certification, with more than 500,000 sqm being included in the LEED standard for green buildings.
The lease renewal is one of the most significant transactions this year, both in the Cluj-Napoca market and in the office market overall.
Romanian developer Iulius is investing €40 million in the expansion of Iulius Mall Suceava that will increase the leasable area of the project to 60,000 sqm.
Romanian developer Iulius has obtained the urban zoning plan (PUZ) from the local council for a new urban regeneration project in Cluj-Napoca that will have a planned investment of more than €500 million.
Private equity fund MidEuropa has agreed to sell private healthcare chain Regina Maria to Mehiläinen Group, the largest private healthcare provider in Finland backed by investment fund CVC.
Romania's insurance market saw a total volume of gross written premiums of RON 23.4 billion (€4.7 billion) during 2024, up 11% compared to the previous year, according to a report by the Financial Supervisory Authority (ASF).
Romania's informal economy represents about one eighth of its GDP, according to an EY report.
Low-cost airline Wizz Air has opened a new base at Bucharest Băneasa Airport, offering flights to seven destinations including Naples, London, and Budapest.
Public food service company Sphera Franchise Group has earmarked approximately RON 100 million (around €20 million) for investments in 2025.