Bucharest's Calea Victoriei remains in 40th place in the ranking of the world's 50 most expensive commercial streets for this year and holds the 50th position out of 57 in the European ranking, in terms of commercial space rent, just after Ljubljana, according to a report by Cushman & Wakefield.
The rent level on Calea Victoriei is of EUR 55 per sqm per month, behind Ljubljana. In Prague, Budapest, Zagreb, and Belgrade the rents are above the level in Bucharest, a lower value being...
Romania’s Ministry of Energy published on Monday, August 18, an ordinance designed to establish a Cybersecurity Incident Response Center in Energy. The new center will prepare the country’s energy sector to face expected and complex cyber threats, according to its initiators. The authors of the project say that the liberalization of the national energy market, […]
The Climb Again Center in Nucșoara, Argeș County, Romania’s first facility dedicated entirely to therapy through sport and paralympic training for children and young people with disabilities, is now powered by renewable energy. The project was made possible through a partnership between the Romanian Association for Green Energy and Sustainable Development (AREVDD), part of Simtel […]
Romanian president Nicușor Dan, accompanied by his family, visited the mountain village of Roșia Montană and the Roman galleries there. During the visit, he stressed the need for real tourism projects for the UNESCO site. The area is known for its gold deposits, and became famous in 2013 due to a series of protests against […]
Tunnelling machines completed the first tunnel segment between the future Tokyo and Băneasa Airport subway stations on Tuesday, August 19. The segment is part of the line connecting central Bucharest to its main airports - Băneasa and further on to Otopeni - in the north of the city. Romanian transport minister Ciprian Șerban, who visited the […]
RetuRO, the operator of Romania’s Deposit-Return System - SGR, has launched a pilot project in two of the capital’s parks that lets people leave their bottles, PET containers, and cans in special compartments attached to public trash bins so others can collect them and reclaim the deposit. The initiative, now in place in Kiseleff and […]
UniCredit announced that it finalized the merger of its Romanian subsidiary with Alpha Bank Romania, creating one of the largest financial institutions in the country and marking a new milestone in the group's growth strategy. The newly combined bank has 11% market share in assets, 13% in loans (UniCredit Consumer...
