Local developer ELI Parks has started the construction of ELI Park 5 Bucharest in partnership with general contractor Eren Cons. Located in the north-western area of Bucharest, ELI Park 5 continues the expansion of the ELI Park Bucharest development, an industrial hub designed for efficiency, flexibility, and sustainability.
This facility introduces an innovative concept that has already proven successful in other international markets and is now available to businesses in Romania.
Nearshoring has gained considerable popularity in recent years as a replacement for traditional offshoring/outsourcing practices.
Logicor also owns an 8.2-hectare plot next to the Arabesque materials warehouse in eastern Bucharest.
The newly completed 12-metre-high space is leased by companies such as Leoni Wiring Systems Arad, Delfingen, HUF Romania and BNB.
In logistic spaces, offices are requested for the HR, accounting, or technical support departments of companies that already have a presence in TRC spaces.
Cargus will operate in a new, modern facility, of 3,100 square meters including the warehouse, a Cargus SHIP & GO location and offices.
Nova Power & Gas, part of the E-INFRA group, has announced the commercial operation of Romania's largest battery energy storage facility, with a capacity of 200 MW and 400 MWh, located in Florești, Cluj County.
Vlasceanu & Partners has advised Econergy on a €40.5 million project financing from UniCredit Bank for the development of an 87 MW photovoltaic project in Oradea, Romania.
Romania leads the European Union in both VAT and corporate tax collection failures, losing approximately one-third of potential revenue from each tax, according to a European Commission analysis published this week.
Romanian farmers will gain access to additional financing through a €25 million loan from the European Investment Bank (EIB) to Agricover Credit IFN. The non-bank financial institution will channel the funds to micro agricultural businesses seeking to improve productivity and environmental sustainability.
Oil major OMV Petrom has started preparations for exploration drilling in Bulgaria's Han Asparuh offshore block, which is operated together with NewMed Energy.