Sales of homes funded by bank loans rose by 40% during H1 2024 compared to the same period of last year over the reduction of interest rates and the increase in transaction prices, according to transactions brokered by RE/MAX Romania.
Bucharest's short-term rental industry is expected to outperform the previous year's level and has already recorded estimated revenues close to €24 million in H1 2024, according to a Crosspoint Real Estate report.
Industrial developer VGP is expanding a building in VGP Park Brașov by 13,813 sqm, with 20% of the new space already leased.
he Brasov City Hall is undertaking an investment project worth nearly €21.8 million.
Brasov City Hall installed the first benches with photovoltaic panels, a contactless phone charging system, wireless internet, temperature, and pollution sensors.
The mayor of Brasov, Allen Coliban, has announced that he has signed the works contract for the largest garage for electric buses.
The first environment-friendly kindergarten will be built in the Noua district by two companies from Brașov.
Brasov city hall obtained almost RON 6 million (€1.2 million) non-refundable, from the Environmental Fund Administration (AFM), for the modernization of the lighting system.
Brasov City Hall wants to reduce pollution by 426 tons of nitrogen oxides and 16 tons of dust in the next 4 years.
The local authorities in Brasov continue the program of greening the fleet of buses and trolleybuses and transforming public transport into the main mobility solution in the municipality and in the metropolitan area.
Brasov is one of the ten European cities competing for the title of Green Capital of Europe, in a competition organized by the European Commission (EC), Mayor Allen Coliban announced. He states that he wants to transform Braşov into a truly green, environmentally friendly city.
Braşov City Hall is launching a tender for the construction of the largest garage for electric buses in Romania. The investment, carried out from European funds, exceeds RON141 million (€28.2 million), without VAT.
Braşov City Hall has blocked the activity of the Stejeris lime factory, which was operating in a residential area of the municipality because there are numerous petitions regarding the pollution in the area. This is the third company forced to relocate its activity, following the actions of the City Hall.
The Braşov County Council has established the locations for the investments of the Integral Waste Management System (SMID) project in Braşov County. For this project, the county public administration provided RON 9.09 million in this year's budget (€ 1.8 million). Brasov remained among the last counties in the country that do not have a functional SMID integrated waste management system.
Brașov City Hall has obtained new funding through the National Recovery and Resilience Plan (PNRR) for the purchase of electric buses.
The European Union has reached a provisional agreement to reduce the scope and stringency of two major ESG regulatory frameworks: Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).
Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.
Global law firm Dentons has advised OX2 on acquiring three wind power projects totaling 235 MW in Romania from Future Power. The projects, located in Vaslui and Vrancea counties, are expected to be commissioned between 2028 and 2030, subject to permitting.
Romania is emerging as a key destination for Turkish renewable energy investments, attracting growing interest from industrial and financial groups. Real grid connection opportunities for projects, infrastructure modernisation potential, and investment framework stability make Romania strategic for Turkish capital as Europe accelerates its transition to sustainable sources and energy independence.
51% of Romanian entrepreneurs see sustainability as a way to reduce operational costs, yet the same proportion say implementation is too expensive, according to a new study by BRD Groupe Société Générale. Conducted among micro and small-to-medium enterprises, the research outlines how Romanian entrepreneurs perceive the opportunities and challenges of transitioning to sustainable business models.
