ARTICLES LABELLED WITH TAG Romania

Romanian entrepreneur Daniel Ștefănescu, owner of mobile phone distributor Gersim, has purchased the IPA office building in northern Bucharest from a group of investors.

In a significant political shift for CEE, Romania elected Nicușor Dan as president on May 18, 2025, while Poland's pro-European candidate Rafał Trzaskowski narrowly led the first round of its presidential election. These outcomes suggest a regional move toward centrist, pro-EU leadership.

Iulius and Atterbury Europe have completed a €40 million investment in the expansion of Iulius Mall Suceava.

The office space market across CEE experienced a slowdown in demand during Q1 2025, with less than 30,000 sqm of office space delivered across the region, according to Cushman & Wakefield Echinox. 

Prima Development Group has announced the completion of a residential complex in northern Bucharest totaling 482 units.

Marriott International plans to expand its presence in Romania by adding five new properties and over 550 rooms by the end of 2028. 

The European Bank for Reconstruction and Development (EBRD) has cut its 2025 growth forecast for its regions by 0.2 percentage points to 3.0%, with a moderate rebound to 3.4% expected in 2026. This follows a similar downgrade in February and reflects mounting global headwinds, including rising trade policy uncertainty, softening external demand, and newly imposed tariffs.

Hagag Development Europe has partnered with Radisson Hotel Group to launch its first hotel in Bucharest under the Radisson RED brand. 

Romanian developer One United Properties has raised around €6.5 million in fresh capital from a group of ten investors to support the construction of the new office building for Infineon in northern Bucharest.

The Romanian industrial and logistics market  has recorded a 31% year-over-year increase in leased space, totaling nearly 260,000 sqm during Q1 2025, according to a new report by Cushman & Wakefield Echinox.