The tender’s starting price, set at RON 797,058,000, is significantly below the railway company’s real value, they claim. The “Cartel Alfa†Confederation and the Federation of Locomotive Mechanics are asking the government and the Transportation Ministry to tell them what terms concerning the employees were included in CFR Marfa’s privatization file, claiming that the file [...]
Homing Properties, a real estate developer specializing in mid- to high-end residential projects, has announced the receipt of the construction permit for its large-scale project, Homing Village. Located in the northern part of the capital, in the Pipera area, this residential complex will include 140 luxury villas and represents an investment of 35 million euros. […]
General mayor Nicușor Dan announced the public consultation of a draft decision approving the Bucharest Velo Master Plan, a strategic document aimed at developing the cycling infrastructure network over the next decade. The plan envisions a major network of 150 km of bike lanes and a secondary network of 415 km by 2035. The document […]
Lion’s Head Investments has entered the Romanian logistics market with the acquisition of a 155,000 sqm land plot in Popești-Leordeni, near Bucharest. The company, a joint venture between AG Capital and Old Mutual Property, plans to develop an 85,000 sqm logistics park on the site, with construction set to begin in the first half of […]
The Romanian tourist sector saw an increase in arrivals in 2024, with a total of 14.26 million people registered in accommodation structures, including apartments and rental rooms. This represents a 4.5% increase compared to 2023, according to data released by the National Institute of Statistics (INS) on Wednesday, February 5. Most of the arrivals, namely […]
The budget execution for foreign trips in 2024 amounted to over RON 28.49 million (some EUR 5.7 million), while the allocation for 2025 is set at RON 17.27 million (EUR 3.4 million), according to an announcement made by the Presidential Administration during parliamentary debates on the 2025 state budget proposal. Regarding the classified status of […]
When investors analyze opportunities in the real estate sector, it is essential to carefully assess the risks to avoid complicated situations in the long term. Recent issues in real estate have demonstrated how important it is to avoid legal, financial, and operational pitfalls that can turn an apparently safe investment into a major challenge. In […]
