Property Forum recently spoke with a prominent player in the Romanian property market, who asked to remain anonymous, about the systemic challenges facing development in the capital, which risks seeing billions of euros in new investments lost due to prolonged administrative blockages.
The Timișoara City Hall recently approved the Zonal Urban Plan (PUZ) for a new urban regeneration project by Țiriac Imobiliare, owned by Romanian billionaire Ion Țiriac.
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.
Bucharest's Mayor Nicușor Dan has announced that he will be tasked with issuing traffic permits for new Urban Zoning Plans (PUZ), Urban Developing Plans (PUD) and construction authorizations.
Bulgaria, Croatia, Poland, and Romania could raise labour productivity by up to 10 to 15% through wider adoption of digital technologies, particularly software and AI-enabled tools, according to a report by World Bank Group.
World Class Romania, part of Vectr Holdings, has appointed Matei Filipidescu as CEO. He is replacing Kent Orrgren, who concluded his term as CEO after nine years.