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.
Traffic is restricted in central Bucharest after local authorities started work at the degraded Unirii platform. Splaiul Independenței, between Națiunile Unite Square and Unirii Square, is the first area with restrictions. District 4 mayor Daniel Băluță, who heads the reconstruction project valued at RON 800 million (EUR 158.6 million), said that the areas in front […]
The "Pământul Strămoșesc" Association, founded by former presidential candidate Călin Georgescu and several others, announced on Friday, June 6, that it will dissolve. The association, named after a Legionary magazine that circulated during the interwar period, was established in 2021 by Călin Georgescu, along with a former AUR parliamentary candidate and former officer of the […]
EVConnect, one of the pioneers in electromobility in Romania, announced a strategic partnership with Selgros, dedicated to expanding the electric vehicle (EV) charging infrastructure. The collaboration aims to install over 40 charging stations in Selgros commercial centers’ parking lots, providing customers with access to fast EV charging options. The first charging stations are already operational […]
Roughly 5,000 soldiers from Italy, Moldova, Romania, and the United States are participating in the multinational Saber Guardian 25 (SG25) exercise, running from June 9 to 24. The exercise is led by the US Army Europe (USAREUR) and the Romanian Joint Forces Command “General Ioan Emanoil Florescu.” Military activities take place across multiple training areas […]
Protests that were initially peaceful quickly turned violent after two 14-year-old Romanian boys were charged with the rape of a teenage girl in the small town of Ballymena, Northern Ireland. The alleged rape took place Saturday, June 7, and their case was heard the following Monday. The BBC, which did not release the identities of […]
The Democratic Alliance of Hungarians in Romania (UDMR) has launched a public appeal for donations to support the community of Praid, where devastating flooding recently forced the closure of the area’s salt mine and brought tourism to a standstill. Flooding completely disrupted operations at the Praid salt mine, a major economic driver in the region. […]
