OTP Bank Romania has concluded a 21 million euro financing agreement with Nor Real Estate, part of Atenor, for the development and administration of @Expo project phase 1 (B1/B2), a top office building located in the Expozi?iei area of Bucharest. The @Expo project, spanning a leasable area of 48,688 sq m, offers high-quality office spaces designed for companies seeking modern and sustainable solutions. This innovative real estate project brings a fresh perspective to Bucharest’s office building landscape. “At OTP Bank Romania, we support sustainable development and the real estate sector. The financing of the @Expo project not only reflects our commitment to supporting sustainable initiatives but also our desire to actively contribute to the economic and urban development of Bucharest. By financing this project, OTP Bank Romania is contributing to the development of a modern and sustainable real estate market that meets current environmental and energy efficiency requirements”, said Roxana Hidan, Deputy General Manager and Business Division Coordinator, OTP Bank Romania. “We believe in the potential of the real estate market and we are pleased to partner with a prestigious international developer like Atenor Group, together contributing to the development of an innovative and energy-efficient business centre that meets the current needs of the capital’s real estate market. The @Expo project reflects our commitment to sustainable projects, and we are proud to contribute to this positive evolution for the business community in Romania”, said Alexandru Neagu, Large Corporate Director, OTP Bank Romania. The real estate project is supported by Atenor, a European company with extensive experience in large-scale urban development, focusing on creating environmentally sustainable residential and modern office spaces. Active in Central Europe since the early 2000s, Atenor is recognized for its significant contributions to urban improvement and is exploring opportunities for additional new residential projects in the near future. “We would like to thank OTP Bank for seeing the real potential of @Expo office building. With its high institutional standards, featuring cutting-edge and green technologies, @Expo is ready to meet the needs of a new generation of tenants. The new subway line which is under construction will really boost the area already well located in between the City Center and the North part of Bucharest”, said Viorel Lacatus, Country Director, Atenor Romania. “It has been a journey between two new partners and I am genuinely pleased with the outcome. I would like to extend my gratitude to OTP for their tremendous efforts in facilitating this transaction in such a complex environment. Your pragmatic approach in achieving the closing was greatly appreciated,” said Michael Dieu, Group Treasury, Banking & Cash Management.
The first exhibition dedicated to the bestiary imaginary in Romanian culture, Vampires and Werewolves, curated by Cristian Vechiu, can be seen at Art Safari from October 31 to November 17, at the Dacia-Romania Palace in Bucharest. The exhibition will feature ancient traditions and customs, full moon nights, fantastic creatures of the darkness, and chilling legends. […]
Romania will switch to winter time this weekend, on the night of October 26 to 27 (Saturday to Sunday), when the clocks will go back one hour. This means that 4:00 AM on Sunday will become 3:00 AM. A recent study revealed, however, that half of Romanians see the time change as unnecessary, and most are […]
The sectors of IT & Technology and Retail stand out as the most attractive for Romanian professionals, while the salary remains the main driver, according to the Most Wanted Employers 2024 study conducted by research agency MKOR. IT & Technology dominates preferences with 18% of options and attracts not only IT professionals but also financial […]
Romania will host UNESCO’s 32nd World Press Freedom Day Conference in May of next year, the government announced. The event is set to take place in Bucharest on May 5-7. “Proud to announce that Romania will host the 32nd edition of the UNESCO Conference dedicated to the World Press Freedom Day in Bucharest, between May 5-7, […]
Romania’s Electromontaj Group announced a new partnership on the European market with the Polish national electricity transmission operator, Polskie Sieci Elektroenergetyczne, for the construction of a new high-voltage line on the territory of Poland. After winning the tender, Electromontaj signed the contract to construct the 400 kV high-voltage overhead line Żydowo Kierzkowo - Pila Krzewina, […]
Cluj-Napoca mayor Emil Boc announced that the Park & Ride facility at the city’s airport will be finalized by the end of the year. Over 800 parking spaces are set to be available, and the investment exceeds EUR 14 million, according to
