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.
Romanian developer Hils Development has announced the complete sale of the Hils Brauner residential complex, located in eastern Bucharest in the Theodor Pallady - Victor Brauner area. The project comprises 1,336 apartments and over 2,500 residents.
Speedwell is strengthening its collaboration with Garanti BBVA Romania through a new €8 million financing agreement. The facility will fund the development of Building C8, the fourth building within The Ivy, Speedwell's residential project near Băneasa Forest. With this deal, Garanti BBVA's total financing for The Ivy now reaches almost €40 million.
Prima Development Group has acquired a two-hectare plot adjacent to its new residential project Prima Solis, launched this summer. The transaction worth nearly €4 million will allow the expansion of the complex with approximately 700 apartments.
Local developer Zacaria has kicked off the development of the second phase of the Valletta Park residential complex in Sibiu.
Hercesa Romania has announced the launch of sales for Vivenda Prime, a new residential project in Eastern Bucharest comprising 105 apartments.
The first building of the Stellaris residential project in western Bucharest is 95% sold, and the works on the second one are progressing according to schedule.
The project covers an area of 8,500 m2 of land and has approximately 47,000 m2 built, including the underground, and each of the three buildings has a height of S+P+10E+Duplex.
The Bellemonde residential complex in Pipera, near Bucharest, is recording growth in sales for its villas and apartments.
The new apartments are ready to welcome their owners, who can already move in, the process of signing the sale-purchase contracts starting with October 1st.
The developer is currently developing 700 residential units in Bucharest, Pipera, Corbeanca/Balotești and other locations in the country.
KÉSZ Romania obtained the building permit for the Corallis residential complex, the first project in the capital, in which it is investing over €51 million.
Both Romanians and foreigners want to buy houses in the capital, big cities or in cities with landscapes such as Brașov, either to rent them or to settle.
Romania's real GDP growth is forecast to remain low over the next two years, primarily due to the necessary fiscal consolidation measures that will slow consumption.
CEC Bank continues to support entrepreneurs from rural and agricultural sectors by signing a new guarantee agreement with the Rural Credit Guarantee Fund (FGCR), which allows refinancing of AGRO and RURAL loans.
Endava, the technology-driven business transformation group, and Paysafe, a payments platform, announced a multi-year strategic partnership to bring payments and community engagement solutions to market faster.
Family business revenues are projected to reach $29 trillion by 2030, reflecting an 84% increase compared to 2020, according to a Deloitte study. These businesses currently account for 19% of all business revenue globally and represent more than 18,000 entities worldwide.
In 2023, the EU spent €1.72 trillion on healthcare expenditure, equivalent to 10.0% of the EU's gross domestic product, according to Eurostat.