About 15% of the users of Stock.estate, a crowdfunding platform, have become investors in local real estate products, with the crowdfunding market in Romania having a significant potential estimated at EUR 200 million as a result of a constant increase in the interest of investors and entrepreneurs.According to a press release from the company, Stock.estate is the first crowdfunding platform certified by the Financial Oversight Authority (ASF) in Romania, licensed in 2023 and launched for trading in 2024. It is the only operational platform at local level to date. The objective of the platform is to offer investors the opportunity to invest in the real estate sector, with the minimum amount being EUR 100. The investment in the platform amounts to over half a million euros, so far."We are an early culture in terms of investment instruments, it is true, but we strongly believe that Romanians will be more and more available for investment of any kind. We have also noticed an increased interest in the investment area for about five years, and the results of the first year of our platform validate the Romanians' appetite for new investments," Vicentiu Vlad, co-founder & CEO - Stock.estate, is quoted as saying.Over 1,500 people are enrolled with the platform (people who have created an account on the platform and have permanently accessed the information on the use of the financial investment instrument), over 200 of them have made direct investment in the platform, and their transactions amount to over 550 shares of a total value of over EUR 750,000."With a recent regulation that facilitates access and protects investors, crowdfunding platforms in Romania, such as Stock.estate, have started to gain traction, offering financing opportunities for the real estate market," according to Alexandru Constantin, co-founder & CTO – Stock.estate.
President-elect Nicușor Dan officially resigned on Friday, May 23, from his role as general mayor of Bucharest. Also, in the extraordinary session of the Bucharest General Council (CGMB), council members appointed deputy mayor Stelian Bujduveanu (Liberal, PNL) as interim mayor. Bujduveanu received 38 votes in favor, 8 against, and 6 annulled ballots, according to
Vastint Romania has officially launched the second phase of its flagship urban regeneration project, Timpuri Noi Square, in Bucharest. The new development will add over 60,000 square meters of gross leasable area (GLA), doubling the office and commercial capacity of the complex to a total of 112,000 sqm. The expansion includes two new Class A […]
Roberta Metsola, the president of the European Parliament, received the Timișoara Award for European Values on Thursday, May 22. The prize honors figures who support European values. A jury of five gave Metsola the award. Iulia Motoc - a judge at the International Criminal Court, Cristian Măcelaru - music director of the National Orchestra of […]
Romania has received two additional F-16 Fighting Falcon aircraft from Norway, marking the latest delivery in the country’s ongoing effort to modernize its air force. The jets landed on Thursday, May 22, at the 71st Air Base “General Emanoil Ionescu” in Câmpia Turzii, the Ministry of Defense announced. The delivery is part of a broader […]
During the past years and increasingly in the last months, Romania was subject to a sustained campaign of manipulation and informational interference of foreign origin aimed at influencing the country's public opinion and, more recently, its elections, according to a Romanian Foreign Ministry note. This campaign is still ongoing and has all the hallmarks of […]
There was no retail project completion in Q1 in Romania, but the delivery pace significantly picked up in April and May, when roughly 150,000 sqm of new schemes opened (including one super-regional shopping center – Mall Moldova – in Iasi). This area represents 80% of the entire 2024 new supply, according to data from real […]
