PPF Real Estate announces it has chosen the Romanian unit of Strabag as the general contractor for the construction of ARC, a premium office building to offer 30,000 square meters of space in one of Bucharest’s expanding commercial districts near the Basarab metro station. The ARC project is PPF Real Estate’s first development project in Bucharest, adding to the company’s existing office spaces available at Metropolis Center and Crystal Tower office buildings. The construction of the state-of-the-art and environmentally friendly ARC is scheduled for completion in 2026. “We are certain that ARC will be a trailblazer among top-notch office spaces in Bucharest and Romania. We are thrilled to select Strabag due to its excellent long-term track record in delivering building constructions to the highest standards, enabling investors and landlords to satisfy their tenants,” says Juraj Šaštinský, PPF Real Estate’s Investment Director. *** PPF Real Estate develops and manages commercial and residential projects across several markets in Europe and the US, including Florida, Poland, the UK, the Czech Republic and Romania. STRABAG SE is a European technology group for construction services. STRABAG has been active on the Romanian market since 1991, establishing its headquarters in Bucharest in 1994. Today, STRABAG Group has subsidiaries in all major regions of Romania and operates in all construction sectors, especially in the transport infrastructure, building construction and civil engineering segments, as well as in environmental construction projects.
Romania was formally designated the 43rd country to join the US Visa Waiver Program (VWP) on Friday, January 10. According to the Romanian ambassador to Washington, Andrei Muraru, Romanian citizens will be able to travel to the US without the need for a visa starting March 31, 2025. "Romania becomes the first country in the […]
Cluj-Napoca, the city in Romania with some of the highest rents and a fast-growing IT industry, is closer to banning smoking in playgrounds and parks after mayor Emil Boc expressed his support for the measure. The mayor cited the prioritization of public health as the reason behind such a ban. He mentioned that he has […]
Romania's Sibiu County Emergency Clinical Hospital will receive a robotic system to prepare cytostatic drugs needed by cancer patients, along with other equipment, after the County Council obtained funds from the European Regional Development Fund. With an estimated value of EUR 1 million, the "Robotic Composition System for Sterile Preparations of Cytostatic Drugs" is among […]
Romania’s government adopted in its January 10 meeting a decision granting an extra day off to public sector employees at the beginning of May. Thus, Friday, May 2, will be an official day off for public sector workers, linking the legal holiday of May 1 (Labor Day) with the weekend (May 3-4). This...
The Ministry of Environment announced that 2024 was the hottest year in the history of Romania's meteorological records. Red alerts for heat waves began in June of 2024, with the longest consecutive periods of persistent and intense heat waves, six consecutive days, between July 13-18 and August 15-20. "The year 2024 is the hottest year...
Supporters of former presidential candidate Călin Georgescu gathered outside the Parliament Palace in Bucharest, which houses the Constitutional Court, on January 10, demanding a rerun of the second round of the presidential elections. The protest, dubbed "The Great Judicial Union," was initiated by Georgescu, who called on his supporters to challenge the election annulment, as […]
