The Government will approve investments of RON 2.8 billion in road infrastructure

The Government will approve several investments in road infrastructure, carried out through the Ministry of Transport, whose total value amounts to RON 2.8 billion, declared Prime Minister Marcel Ciolacu. According to him, the total amount allocated for investments will be up to RON 134 million higher than last year.

“We will continue investments through the Ministry of Transport with the Brăila-Galați expressway. Also, with the construction of a new road junction in the northeast of the Capital and, last but not least, the bypass to Galați, all investments totaling RON 2.8 billion,” declared Marcel Ciolacu, during the Government meeting.

The first round of the Romanian presidential elections will take place on May 4

The Government’s decision on setting the date of Romania’s presidential elections was published in the Official Gazette, and the first round of the presidential elections will take place on May 4.

“Sunday, May 4, is set as the date for the first round of the presidential elections in Romania in 2025. This decision enters into force on February 18, 2025,” sais a decision signed by Prime Minister Marcel Ciolacu.

The presidential elections are being restarted from scratch after the Constitutional Court cancelled the second round of the Cotroceni Palace election in December 2024.

Prefabricated building manufacturer ASA CONS budgeted for 2025 turnover of EUR 25 mln

Prefabricated building manufacturer ASA CONS from Turda, owned by the CONSOLIS group, budgeted for this year a turnover of EUR 25 million, while the company had forecasted turnover of EUR 32.5-33 million for 2024, down 8-9% compared to 2023.

ASA CONS Romania ended 2023 with a turnover of EUR 36.3 million, with a net profit of approximately EUR 6 million and with an average number of 185 employees.

“For 2025, we are proposing a fairly reserved budget, around EUR 25 million. We have chosen this extremely prudent approach in the context of a particularly complicated situation, both economically and politically, not only in Romania, but in the entire European Union,” said Bogdan Bulgaria, managing director for Eastern Europe of the CONSOLIS group.

Source: zf.ro

Hagag negotiates with famous hotel chain to operate its future hotel in Bucharest

Real estate developer Hagag Development Europe, is negotiating with an international hotel chain an agreement to operate the former headquarters of the Institute for Hydropower Studies and Design (ISPH) in Bucharest, after its transformation into a hotel, according to market sources.

In 2022, Hagag Development Europe purchased the office building on Vasile Lascăr Street 5-7 for around EUR 3 million with the intention of transforming it into a modern business center with approximately 5,000 square meters of leasable space. However, Hagag’s current plan is to transform the building into a hotel. In this regard, the developer is working on obtaining a building permit necessary to transform the property into a hotel and, at the same time, is negotiating an agreement with a hotel chain.

The building has 6 floors, covers a land area of approximately 1,000 square meters and has a built area of over 6,000 square meters, of which approximately 800 square meters are in the basement area.

When the time for issuing the building permit approaches, Hagag will decide how to maximize the value of the property: either by selling it or by continuing to invest in the construction of the hotel, with the possibility of attracting a partner.

If the ISPH project advances, this could be Hagag’s first investment in the Bucharest hotel market.

Source: Profit.ro

The future Romanian Urban Planning Code is in the adoption procedure

The Minister of Development, Cseke Attila, announces that the future Urban Planning Code is in the adoption procedure, and would considerably simplify the process of obtaining building permits, and for some types of construction, such as single-family houses, terraces, garages, the entire procedure currently in force for obtaining the necessary building permits may no longer be necessary.

“We talked to the mayors about categories of construction, some of which would no longer require a building permit and could be built based on a notification to the city hall – terraces, garages, summer kitchens, even smaller houses in rural areas, based on a project drawn up by a specialist, that is, by a designer or an architect, we are not talking about as the citizen wants, but if you have a project of this kind, with the signature of the specialist and so on, you notify the city hall, the city hall looks at the zonal and detailed urban plan and sees that it fits, that is, houses can be built there and I want to build houses there, then they give it the go-ahead and no longer do the current procedure for an urban planning certificate and building permit, which takes months and involves an inevitable bureaucracy,” explained the Minister of Development.

The minister emphasized that simplified procedures will also be implemented in the case of urban plans of localities. “We propose some mechanisms through which the general urban plans of localities, which today take from 4, 5, to 7, 8 years to obtain all the approvals, will be simplified. We will eliminate this approval in which you go separately after each approval, you go to the next one and by the fifth one your first approval expires, because unfortunately this happens. There will be a single approval, at once, at all ministries, to reduce the approval time”, Cseke Attila also stated.

Four major logistics and industrial center projects announced for 2025

The volume of leased logistics and industrial spaces in the first nine months of 2024 totaled about 575,000 square meters, representing a 20% decrease compared to the same period of 2023, according to data from real estate consultancy Cushman & Wakefield Echinox. New contracts accounted for 58% of the total volume traded.

In total, in the first nine months of 2024, projects of 275,000 square meters were delivered and buildings with areas of over 430,000 square meters are under construction. New deliveries this year are expected to total approximately 500,000 square meters.

Of the five most important projects expected to be ready in 2025, four are logistics and industrial projects – the largest is CTP, in Ploieşti, with 80,000 sqm, followed by WDP with two of 33,000 and 15,000 sqm respectively and ELI Park with another 20,000 sqm near Bucharest. The largest commercial project delivered this year is an extension of Iulius Mall Suceava. It would also be possible to deliver Mall Moldova in Iaşi, developed by Prime Kapital, next to which IKEA is also building its first store in Iaşi.

Colliers: Romanian land market ended 2024 with transactions of approximately EUR 450 mln

The Romanian land market ended 2024 with a total transaction volume of approximately EUR 450 million, a level comparable to that of 2023, according to estimates by real estate consultancy Colliers.

Demand was focused mainly on the residential sector, with an emphasis on Bucharest and the metropolitan area, but also on the largest regional cities, where buyers identify opportunities to acquire valuable land.

Bucharest and the metropolitan area dominated the market, generating 80% of the transaction volume, with the residential sector representing 70% of it. Retail, with a share of about 20% of the market volume, was influenced by the closing of older transactions, such as the sale of the Helitube and Filan platforms in Bucharest, but also by land acquisitions for retail parks or shopping malls in various cities across the country. In the office sector, transactions such as the auction of the Romaero land by One United Properties attracted attention, along with several strategic acquisitions for potential future developments within mixed-use projects.

Poste Srpske to invest EUR 5.6 mln in new logistics centre

Poste Srpske, the state-owned postal company of Bosnia’s Serb Republic, said it will invest 11 million marka (EUR 5.6 million) in the construction of a logistics centre in the town of Glamocani until 2027.

In 2025, the company plans to ensure the required permits and start the first phase of construction.

Until 2027, Poste Srpske also plans to invest in new vehicles in response to the expected growth in postal services, especially express mail. The shareholders will take a vote on the investment plan at a meeting on January 24.

Poste Srpske is one of Bosnia’s three state-owned postal operators, covering the entity of Serb Republic. The other two are BH Posta and Hrvatska Posta Mostar.

Retail dominates Romanian job market in 2024 amid shifting recruitment trends

The retail industry emerged as the top employer in Romania in 2024, a year marked by cautious labor market activity. Employers posted nearly 300,000 new job opportunities, while job seekers remained highly active, submitting approximately 11 million applications, according to eJobs Romania’s Review & Trends annual report.

Of the total jobs posted, 87.9% were based in Romania, 4.2% targeted positions abroad, and 7.9% offered remote work. The cities with the highest job postings were Bucharest, Cluj-Napoca, Iași, Brașov, Ilfov, Timișoara, Craiova, Constanța, Ploiești, and Bacău.

The fields generating the most jobs were retail, services, and the food industry, maintaining the same hierarchy as in 2023.

May was the peak month, with over 25,000 job postings, but contrary to expectations, the summer months saw a similar level of recruitment activity, slightly below the numbers recorded in October. This signals a shift in hiring patterns.

“The assumption that job numbers would drop during the summer proved to be incorrect. Recruitment activity during summer matched that of spring and only slightly trailed October. This confirms a trend we’ve observed for some time: the disappearance of seasonality in recruitment,” said Bogdan Badea, CEO of eJobs Romania.

With retail dominating the job market and recruitment activity showing resilience throughout the year, 2024 highlighted a steady demand for labor across key industries, driven by evolving hiring dynamics.

Floria opens a new franchise flower shop in Bucharest Mall

Floria announces that it continues its expansion in shopping centers in the Capital and has opened a new franchise flower shop. After the flower shops in Promenada Mall, Băneasa Shopping Center, Plaza Romania, AFI Cotroceni and Sun Plaza, the new flower shop in Bucharest Mall, opened following an investment of over 70,000 euros, consolidates Floria’s presence in locations with high commercial footfall.

The flower shop is located on the 1st floor, and the investment in the layout amounts to EUR 70,000.

“As one of the most famous and visited shopping centers in Bucharest, Bucharest Mall plays a strategic role in the expansion of Floria. It is a destination for the local public, with a constant flow of visitors every day due to its central location, but also the varied mix of shops, services and recreational spaces. By choosing this location, we want to position ourselves close to customers, in accessible spaces and with high visibility,” said Andreea Uceanu, Managing Partner Floria.
For the coming years, Floria aims to expand throughout the country, in spaces in shopping centers with high traffic.

Source: economica.net

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