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.
More than half of Romanians (55.6%) believe that modern technologies such as 5G and artificial intelligence (AI) are being used to manipulate the population, while nearly 60% think pandemics and economic crises are part of secret plots by global powers, according to a new survey by polling agency Inscop, as quoted by Biziday.ro. The
Romanian state-owned railway operator CFR announced on Tuesday, October 21, the cancelling of around 70 trail routes across the country due to debts of RON 100 million (EUR 20 million). The company failed to pay railway usage fees. Initially, CFR SA announced that 37 trains will be temporarily suspended, only to later increase the figure. The […]
The Romanian Intelligence Service (SRI), in cooperation with national and international partners, has foiled a sabotage operation allegedly orchestrated by Russia on Romanian territory, the agency announced on Tuesday, October 21. According to SRI, the planned attack involved two Ukrainian citizens acting under the direct coordination of Russian intelligence operatives. The pair...
Interior minister Cătălin Predoiu made an official visit to Saudi Arabia on Monday, October 20, to meet Saudi counterpart Prince Abdulaziz bin Saud bin Nayef Al Saud. The visit, a first for a Romanian interior minister, is “an important step for cooperation in the fields of security, innovation, and artificial intelligence,” according to Predoiu. “Honored […]
Health minister Alexandru Rogobete unveiled the EUR 100 million digital platform designed to modernize Romania’s national health system and eliminate bureaucratic inefficiencies. The project is financed through the EU-backed National Recovery and Resilience Plan (PNRR). According to the minister, the new Health Insurance Information Platform (PIAS) will integrate patient records, prescriptions, referrals, and medical leave […]
The Prosecutor’s Office attached to the Bucharest Court of Appeal, which is handling the case regarding the deadly explosion in the apartment block in the Rahova neighborhood of Bucharest, announced on Monday, October 20, that there is no evidence of the use of explosive material. Gas leaks may have caused the powerful blast, but no definitive […]
