Over the past decade, Romania has faced increasing pressure - both from domestic and from international institutions - to modernize its property tax system. With structural challenges in housing affordability and significant fiscal constraints at the national level, local tax reform, as outlined in the National Recovery and Resilience Plan (PNRR), has emerged as a critical priority, writes Daniel Grigore, Director, Corporate Income Tax, Deloitte Romania.

Fitch Ratings has affirmed Globalworth's Long-Term Issuer Default Rating (IDR) and senior unsecured debt rating at BBB- with a stable outlook, noting the company's efforts in deleveraging and its robust commercial portfolio across Poland and Romania.

French real estate group Catinvest has appointed Win Advisors as Administrator of Aparthotel Craiova, which was inaugurated earlier this year within ElectroPutere Parc in Craiova, following a €12 million investment.

Romanian developer Iulius has successfully secured LEED Operations and Maintenance Platinum certification for five of its retail and office projects across four Romanian cities.

Romanian property holding Meta Estate Trust has purchased four villas within the Radisson Blu Grand Mountain Resort Brașov, currently under development, in a deal worth €1.52 million.

Industrial developer WDP has announced the development of a new sustainable distribution centre, spanning approximately 54,000 sqm, for an international retailer at WDP Park București – Ștefănești.

Property investment company Hubix has announced a strategic investment in The Lake Home, a residential project in Sibiu, developed in partnership with Novarion.

ELI Park Iași, the industrial project developed by Element Industrial, has achieved BREEAM certification, making it one of the most sustainable industrial developments in the Moldova region. 

Schrack Technik Romania, the local subsidiary of the Austrian group Schrack Technik, a producer and distributor in the electrical installations and equipment market, recently inaugurated a logistics centre for electrical materials, following a €15 million investment.

Didier Balcaen, CEO and Co-Founder of SPEEDWELL, talked to Property Forum about the company’s strong development pipeline in Romania and the trends shaping the local residential and commercial real estate market.