Cluj-Napoca prepares to build the first smart street in Romania

Cluj-Napoca prepares to build the first smart street in Romania

Aug 15, 2018

Cluj-Napoca City Hall will transform a street from Marasti neighborhood, after a pilot project, in a smart street that provides not only more space for pedestrians but also high tech facilities, according to Business-Review.eu. The street will include Electric Mobile Loadable Banks, state-of-the-art LED lighting poles that incorporate WIFI systems for internet...

Constanta becomes third residential regional market after Cluj-Napoca and Timisoara

Constanta becomes third residential regional market after Cluj-Napoca and Timisoara

Aug 14, 2018

Constanta became in 2017 the third largest regional residential market in Romania, with more than 3,000 dwellings delivered each year, thus joining Cluj Napoca (5,403 dwellings delivered), the largest residential market excluding Bucharest – Ilfov, and Timisoara (3,484 dwellings delivered), according to a report drawn up by Coldwell Banker Romania real estate...

Some 90,000 sqm of retail spaces to be delivered in Romania in H2

Some 90,000 sqm of retail spaces to be delivered in Romania in H2

Aug 13, 2018

At least 90,000 sqm of new retail spaces will be delivered in the second half of this year in four cities in Romania, although no new openings will take place in Bucharest, according to real estate consultancy firm Cushman & Wakefield Echinox, quoted by Romania-Insider.com. New retail spaces will be delivered by NEPI Rockcastle and Prime Kapital in Satu...

Romania’s Banca Transilvania H1 net profit up 33.6 pct y/y

Romania’s Banca Transilvania H1 net profit up 33.6 pct y/y

Aug 13, 2018

Romanian lender Banca Transilvania says its net profit was 662.7 million lei in the first half, up 33.6 percent on the year, whereas Banca Transilvania Financial Group’s consolidated net profit amounted to roughly 865 million lei, according to Reuters.com.   The BT Group’s total assets amounted to 75.3 billion lei at the end of the first half, up 25.9...

Hundreds Hurt As Romanian Police Scuffle With Anticorruption Protesters

Hundreds Hurt As Romanian Police Scuffle With Anticorruption Protesters

Aug 12, 2018

Romanian authorities say 440 people including two dozen riot police have received medical treatment after an antigovernment protest turned violent, according to Radio Free Europe/Radio Liberty. The Bucharest-Ilfov Emergency Service said on August 11 that of those, 65 people including nine riot police were taken to the hospital. The antigovernment protest in...

Demand for residential properties in Romania fell by 5 pct in the last year

Demand for residential properties in Romania fell by 5 pct in the last year

Aug 9, 2018

In the last 12 months, the demand for residential property recorded for the first time in recent years, a decline about  5 percent cumulative decrease in the big regional centers of the country, according to imobiliare.ro, quoted by Business-Review.eu. Of the six cities analyzed only three have a decrease in appetite for purchases, one of them notable of -15...