A new electricity supplier enters the Romanian market

The Romanian group Enevo launches the company Enevo Power, as a new electricity supplier on the Romanian market, recruiting Corina Drumeanu, who previously worked as Portfolio Management Director of Electrica SA, as General Manager.

“By combining the expertise of the group companies in building and operating renewable assets with the ingenuity and unique experience of the Enevo Power team, we will soon become a trusted partner, offering real solutions and services, adapted to technical, financial or regulatory requirements and challenges,” says Corina Drumeanu.

The Romanian entrepreneurial group ENEVO was founded in 2014 by two college colleagues, Cristian Pîrvulescu and Radu Braşoveanu, and has businesses in electrical engineering, automation systems for the energy sector, digitalization and cybersecurity. The group has projects in 12 countries, with 5 regional offices and over 250 employees.

Source: Profit.ro

Romanian government wants to increase the number of homes in the ANL fund for doctors

The government wants up to 20% of the number of newly built homes by the ANL for young people and intended for rent to be allocated to healthcare specialists, including redistributing some available homes from the built fund for the same purpose.

A year ago, it was established that the homes of the National Housing Agency (ANL) intended exclusively for rental to young specialists in education or healthcare will no longer be able to be sold. At the same time, minimum rental rates for ANL homes have been established, with local authorities being penalized if they do not transfer the rents to the budget on time.

Now, in order to solve the shortage of specialists at the local level, the local public authority requests that, from the existing housing stock, it distributes vacant housing for young people to health specialists, in order to solve the shortage of specialists at the local level.

The government will also modify the maximum rent level for rental housing, depending on the maximum income threshold per family member. Currently, the maximum rent level is set at 30% of the average monthly net income per family member.

Source: Profit.ro

Affinity Global Development launch Belgrade residential project pre-sales in summer

U.S. investment company Affinity Global Development of Jared Kushner, son-in-law of U.S. president Donald Trump, plans to launch pre-sales of its luxury Trump Tower Belgrade residential complex in the Serbian capital in the summer of 2025, according to the project’s website.

The complex will be developed on the site of the former building of the Yugoslav Ministry of Defence, which was damaged during the 1999 NATO bombing campaign, under a 99-year leasehold agreement signed with Serbian officials in May 2024.

In the implementation of the project Affinity Global Development is partnering with the Trump Organization conglomerate owned by Donald Trump, and with real estate investment firm Eagle Hills of Emirati businessman Mohamed Ali Alabbar.

Kushner plans to invest USD 500 million in his project in Belgrade.

Corallis apartments achieves RON 57.4 million in sales within four months of launch

The Corallis residential complex, developed by KÉSZ Group and implemented by KÉSZ Romania has achieved remarkable sales performance. In just four months from the sales launch in September, 27% of the available stock has been acquired, representing a total transaction volume of RON 57,400,000. The results were reported by the sales agent of the project, Fortim Trusted Advisors.

Located on the shores of Lake Grivița, the complex has obtained BREEAM Excellent certification and includes facilities promoting a healthy lifestyle, which have attracted buyers and resulted in pre-sale agreements for 61 apartments in 2024.

Half of the buyers opted for the staggered payment method, with payments to be made until the completion of construction. The down payment required for purchasing Corallis apartments is 30%, payable upon signing the pre-sale contract, regardless of the chosen payment method. The project completion deadline is set for the end of 2026, with apartment handovers expected at the beginning of 2027.

“We are delighted with the progress of construction work and the sustained pace of sales at the Corallis project. The remarkable performance in the early months reflects both the attractiveness of the concept and the credibility that KÉSZ Group enjoys in the real estate market. We are convinced that this project will become a landmark in the Bucharest real estate landscape, offering quality, comfort, and a different lifestyle,” said Tatár Zsolt, Project Director at KÉSZ Group.

“The Corallis project is an appealing real estate product, both through the features of the apartments and the included facilities that support the goal of offering an exceptional lakeside lifestyle. As expected, most interested buyers chose Corallis apartments for residential purposes. At the same time, investing in an apartment in this complex is a wise decision considering the long-term property value appreciation potential. Currently, during the pre-sale period, apartment prices are still very attractive, offering buyers the chance to choose their desired unit from a variety of apartment types with views of the lake, garden, or rooftop terrace,” said George Călin, Residential Sales Manager at Fortim Trusted Advisors, the exclusive real estate agent for the project.

FAN Courier plans €40 Million investment in 2025 to boost expansion and modernization

FAN Courier, an entrepreneurial company with 100% Romanian capital, ended 2024 with a turnover of RON 1,385 billion (approximately EUR 280 million), up 12.5% compared to the previous year and maintains its forecasts for 2025.

As main objectives, the company will focus on continuing investments in the development and technology of regional HUBs, equipping the HUB in Ștefănești with a new sorting belt, expanding the FANbox locker network, as well as continuing international development. The proposed value of investments in 2025 amounts to EUR 40 million.

The expansion and modernization of the Ștefănești HUB requires an investment of EUR 25 million. The total area of the land purchased for the construction of the new HUB is approximately 185,000 sqm, where there are 17 building blocks, including underground and technological constructions, with a built area of approximately 30,000 sqm. The new Ștefănești HUB includes a fulfillment warehouse, which covers over 60% of the built area, as well as an area dedicated exclusively to deliveries to FANbox and Collect Point.

Home insurance payouts in Romania reach RON 130 million in 2024

Insurance companies paid out RON 130 million in compensation based on home insurance in the first 9 months of last year, according to official data published by the Financial Supervisory Authority (ASF).

According to representatives of the National Union of Insurance and Reinsurance Companies of Romania (UNSAR), the figures also show that the financial support provided by the insurance industry increased by 9% compared to the value paid in the same period of 2023.

Over 95% of the value of these compensations (i.e. RON 124 million) were paid based on voluntary home insurance, up 25% compared to those in the first 9 months of 2023.

In Romania, voluntary insurance can be concluded for those homes that are already protected by a mandatory PAD policy. Facultative policies offer an extended level of protection, at the real value of the building and/or the assets owned, and can cover damage caused by natural disasters, but also other types of risks.

Romania continues to be the EU inflation champion

The annual inflation rate in the European Union rose to 2.7% in December, from a level of 2.5% in November, and Romania is, for the tenth month in a row, the country with the highest inflation in the community block, with an annual price increase of 5.5%, according to data published by the European Statistical Office.
Last month, the lowest annual inflation rates in the EU were recorded in Ireland (1%), Italy (1.4%), Finland, Sweden and Luxembourg (all 1.6%), while the highest were in Romania (5.5%), Hungary (4.8%) and Croatia (4.5%).

In Romania, according to data published on Tuesday by the National Institute of Statistics (INS), the annual inflation rate rose to 5.14% in December 2024, from 5.11% in November, as food prices rose by 5.09%, non-food prices by 4.38% and services by 7.10%.

The National Bank of Romania (BNR) has revised upwards, to 4.9%, from 4% previously, the inflation forecast for the end of 2024 and anticipates that it will reach 3.5% at the end of 2025.

P&G injects EUR 18.3 million into Romanian subsidiary Detergenti SA

The American giant P&G, with two detrgent and hair care product factories in Romania, has capitalized one of its companies, Detergenti SA, with EUR 18.3 million.

Detergenti SA, which operates the detergent and hair care product factories in Urlați, received a cash capital contribution worth approximately EUR 18.3 million, through the issuance of new shares, according to an announcement by the company.

The company’s shareholder structure thus remains the same, with Procter&Gamble Marketing Romania SRL the majority shareholder controlling 99.9% of the shares. Procter&Gamble Marketing Romania SRL is, in turn, controlled by Procter&Gamble International SARL, an entity based in Switzerland.

Procter&Gamble has been present in Romania since 1994. The company owns, in Urlați, a factory for hair care products (shampoo and conditioner) and another, inaugurated in 2021, for liquid detergent capsules.

Source: economica.net

Vastint Romania welcomes Softeh as new tenant in Timpuri Noi Square

Vastint Romania has signed a new lease agreement for an area of approximately 1,200 sqm GLA with Softeh Plus, one of the most important developers of medical software systems in Romania.

Softeh Plus will move its headquarters in Timpuri Noi Square starting this spring. This strategic decision marks a new stage in the company’s development and underlines its commitment to providing innovative and high-quality IT solutions for various business sectors.

“We are excited to move into the new office in Timpuri Noi Square. This modern location will provide us with a work environment that inspires us and will allow our teams and partners to collaborate more effectively. We want this move to be a catalyst for new projects and the ongoing growth of the company. It is a step that represents the next level in our company’s evolution”, said Bogdan Dănilă, CEO of Softeh Plus.

The Timpuri Noi Square office complex offers 53,000 sqm of modern class A office space, LEED PLATINUM certified, 920 parking spaces, and 3,700 sqm of integrated commercial space in a dynamic and welcoming market area, located in the immediate vicinity of the Timpuri Noi metro station and with easy access to the city center.

“We are very pleased to welcome Softeh Plus, one of the most important developers of medical software systems in Romania, in Timpuri Noi Square. We are focused on providing sustainable, well-connected, cutting-edge office spaces that support the growth of our tenants and the wellbeing of their employees, and we look forward to contributing to Softeh Plus’s success. This new partnership increases the size of the Timpuri Noi Square IT hub and validates once again our strategy as an office developer”, said Sorin Macoveiu, Commercial Director of Vastint Romania.

Vastint’s office portfolio will be expanded with the completion of the second phase of the Timpuri Noi Square project. The additional area, which will include two new office buildings and a mixed-use space of over 50,000 sqm, will result in the doubling of office and commercial spaces within the Timpuri Noi Square complex. The total gross built area (GBA) will amount to 105,000 sqm.

Sano plans major investment expansion in Romania

The detergent and cleaning products manufacturer Sano is preparing a massive investment in the construction of a new logistics center near its factory in Pantelimon, for the storage of hygiene products.

Sano owns a 4.2-hectare plot of land in the town of Pantelimon, near Bucharest, which it gradually purchased between 2005 and 2011. The Sano factory has been operating on this land since 2012, which has reached 6 packaging lines and over 150 products made here.

The factory, offices and current warehouses occupy a hall with an area of about 10,000 square meters. On the remaining free land, Sano is now considering building a modern, automated logistics center for the storage of hygiene products, with an area of 9,042 square meters. The project is expected to be implemented between 2025 and 2026, and the estimated value of the works is about EUR 20 million.

Source: Profit.ro

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