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.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
