Apa Nova Bucuresti, part of Veolia group, has announced an investment budget of around EUR40.5 million for 2025 to overhaul Bucharest water and sewage infrastructure.
Innobyte, an e-commerce software development company, part of Life is Hard group, ended 2024 with RON14.03 million turnover, up 11.65% from 2023.
CPI Romania, one of the largest players on Romania real estate market, has signed the extension of leasing contracts for a total area of over 12,000 square meters with Deloitte Romania and WPP, two of the main tenants in office building The Mark, whose occupancy rate has now reached 99.7%.
Computer and electronics retailer Flanco in the first three months of 2025 opened three new Smart Discounter stores, in Arad, Ramnicu Sarat and Giurgiu, reaching 19 such units.
IT, manufacturing and industry, as well as healthcare and pharma companies have been the most dynamic ones on the office leasing market in the past five years, generating over half of new office space demand, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.
Romania’s hotel market is undergoing a period of fast growth, reaching a 30-year high of over 25 overnight stays in 2024, supported by a rising number of foreign tourists and high demand for modern hotels, reveals Colliers annual report.
February brought an even stronger increase of prices on the Bucharest market of old three-room apartments than January. After the 8.6% advance of December against the same month of 2023, in January the market accelerated by 9.5% the prices asked by sellers and in February the pace went beyond 11%.