BICO Industries invests €7.6 million in new fiberglass recycling factory

BICO Industries, one of Romania’s leading producers of fiberglass mesh for thermosystems, has announced plans to invest €7.6 million in a new facility dedicated to producing fiberglass nonwoven material from recycled fiberglass waste.

The investment, backed by majority shareholder Roca Industry Holding, will be 60% financed through Romania’s National Recovery and Resilience Plan (PNRR). The project aims to reduce waste management costs from BICO’s core operations while expanding the company’s activity portfolio.

This strategic move also aligns with Roca Industry’s ESG goals by reintroducing industrial waste into a circular economy model—an approach that strengthens sustainability practices and adds value to secondary materials.

Andreea Dumitru, Chief Marketing Officer, Hagag Development Europe, speaker at CEDER 2025

Andreea Dumitru will be part of the speakers formula this year at CEDER Real Estate Conference & Exhibition, to take part on 13th of May, at Radisson Blu Hotel, in Bucharest.

With about 15 years’ worth of professional experience in the MARCOMM industry, Andreea Dumitru brings to the table a solid track record of building and executing competitive, data-driven marketing strategies that generate leads, boost brand visibility, build trust, and drive sales.

Throughout her career she has been navigating all the complexities of the real estate market, gaining a comprehensive understanding of the local real estate landscape, including characteristics, demographics, and trends, across all segments.

Andreea leads Hagag Development Europe’s Marketing & Communications Department, her role being pivotal in driving brand success while ensuring that all activities are effective, efficient, and demonstrate ROI.

CEDER Conference & Exhibition will take place on 13th of May, at Radisson Blu Hotel, in Bucharest. With key property professionals gathered in a single venue, CEDER is a very powerful networking and marketing opportunity. For tickets reservations, please check our website: https://lnkd.in/dTRWhMB7

This year Romania will be honorary country to host the 10th edition of the prestigious Best of the Best Hall of Fame Awards (HOF Awards) which is the climax of the CIJ Awards series, putting the winning projects and companies from around Central & Eastern Europe against each other to determine who the Best of the Best really are. The HOF Awards will take place in the afternoon during CEDER Conference and Exhibition.

CEDER 2025 confirmed partners are: WDP, CPI Property Group, AFI Europe, Revetas, Speedwell, Hagag Development Europe, Paval Holding, NEPI Rockcastle, IULIUS Group, Filip & Company, Bellemonde, WIREN, EVO Properties, NHOOD, Anchor Grup, NNDKP, VASTINT, RRG Real Estate Group, Popovici, Nitu, Stoica & Asociatii, Crosspoint Real Estate, Stratulat Albulescu Attorney at Law, KUZIINI, Lion’s Head, Alesonor, Coral Construct, COS, Carbon Tool, Theta Furniture & More, The Concept Group, RENOMIA Gallagher, Optim Project Management, WEMAT, Tiriac Imobiliare, Cushman & Wakefield Echinox, Brisk Group, Safety Approach, Prima Development Group, ALUKÖNIGSTAHL, Imobiliare.ro, DRS Architects, Notarial Office EQUITY, Miss Green.

NBI: The residential market in Bucharest enters a new stage of maturity

The growing demand for spacious apartments, increasing confidence in projects under development, the rising appetite for green-certified residential complexes, and the heightened interest in purchasing completed projects for investment purposes are the key trends of the first quarter in Bucharest’s residential market, according to a report by North Bucharest Investments.

The report highlights several favorable factors for the real estate market in 2025, including a 7.2% increase in salaries (compared to Q1 2024), fixed mortgage interest rates below 6% for new loans, accelerated demand from relocated Romanians and remote workers, a preference for larger apartments or green-certified developments.

The NBI team identified several key trends characterizing the first quarter of this year, such as the focus on projects still under construction — due to the possibility of customization and more attractive prices —, interest in completed projects for long-term or short-term (hotel-style) rental, and preferences for large apartments — with 3 or 4 rooms — or even penthouses. Moreover, the first quarter also shows that international investors still consider Romania an undervalued market, betting on attractive yields of 6–7%.

“The results from the first part of the year demonstrate that the local residential market continues its maturation process, now reaching a much more settled and stable phase. At the same time, in a global market that is constantly shifting and evolving, developers are keeping pace with the rapid adaptation to new customer demands. Buyers are not only better informed but also more focused on energy efficiency, green spaces, and a sense of community — all of which are significantly contributing to the market’s maturity. As a result, the share of investors in real estate is directly proportional to the current market stage,” stated Vlad Musteață, CEO of NBI.

Bucharest’s residential market is constantly evolving — both in terms of project quality and increasingly complex facilities and benefits, new technologies, dedicated green spaces, efficient living, and so on. The only downside it currently faces is the steadily decreasing inventory. As a result, the decision-making time for purchases has significantly shortened, while confidence in under-construction projects has grown considerably. The premium segment in the northern area — Floreasca, Aviației, Pipera, Domenii — remains the most attractive, both for end-users and investors.

One of the key trends highlighted in the report shows that the Romanian market is becoming increasingly prepared for real estate investments, a trend also confirmed by NBI’s performance in the first quarter of this year.
Thus, North Bucharest Investments, a leader in premium real estate consulting, facilitated 291 transactions in Q1 2025, totaling a value of €38.2 million. Compared to last year, these figures represent a 55.3% increase in volume and a 61.5% increase in value.

The outlook for the second half of 2025 anticipates a price increase of between 3% and 6% in the North and North-East areas, sustained development of green-certified and mixed-use projects, and continued strong demand in the premium segment.

The premium residential segment continues to perform in the northern part of the Capital, reflecting clients’ interest in comfort, generous space, and an exclusive urban lifestyle with immediate access to multiple facilities and green areas. This is also expected to remain one of the defining trends in the second half of this year.

General market data shows that a total of 161,842 real estate transactions were completed in Romania in Q1 2025, up 4.5% compared to the same period in 2024. While Bucharest recorded a slight decrease in total transaction volume (-5.4%), housing sales in Ilfov County rose by 2.4%, confirming the expansion of the metropolitan residential area.

Anca Merdescu, Head of Investments, Square 7, part of M Core, speaker at CEDER 2025

Anca Merdescu will be part of the speakers formula this year at CEDER Real Estate Conference & Exhibition, to take part on 13th of May, at Radisson Blu Hotel, in Bucharest.

With over 20 years of experience in the real estate market, Anca has a background in a leading real estate agency and commercial banking. She joined MCore group, as Head of Investments in February 2025, where, alongside the management team, she oversees the company’s real estate investment strategy, acquisitions, portfolio management, and overall investment performance. Anca holds a degree from the Doctoral School of Finance and Banking (DOFIN) at the Academy of Economic Studies in Bucharest and has passed CFA Level I.

CEDER Conference & Exhibition will take place on 13th of May, at Radisson Blu Hotel, in Bucharest. With key property professionals gathered in a single venue, CEDER is a very powerful networking and marketing opportunity. For tickets reservations, please check our website: https://lnkd.in/dTRWhMB7

This year Romania will be honorary country to host the 10th edition of the prestigious Best of the Best Hall of Fame Awards (HOF Awards) which is the climax of the CIJ Awards series, putting the winning projects and companies from around Central & Eastern Europe against each other to determine who the Best of the Best really are. The HOF Awards will take place in the afternoon during CEDER Conference and Exhibition.

CEDER 2025 confirmed Partners are: WDP – Warehouses with brains, CPI Property Group | Romania, AFI Europe Romania, IULIUS, Revetas Capital, SPEEDWELL Development, Hagag Development Europe, Alesonor Real Estate Development, Bellemonde, Stratulat Albulescu Attorneys At Law, Paval Holding, NEPI Rockcastle, Filip & Company, EVO Properties, Anchor Grup SA, NNDKP, KUZIINI, Nhood Services Romania, Wiren, Vastint Romania, RRG – Real Estate Group, Popovici Nitu Stoica & Asociatii Crosspoint Real Estate, Lion’s Head, Coral Companies, COS, Carbon Tool, THETA Furniture & More, THE CONCEPT, RENOMIA Romania Gallagher, Optim Project Management, WeMat, Țiriac Imobiliare, Safety Approach, Alukönigstahl Romania, Imobiliare.ro , Cushman & Wakefield Echinox , Brisk Group, DRS Architects, PRIMA Development Group, Notarial Office EQUITY, Miss Green.

CBRE Romania Promotes Ramona Hîrnea to Head of Investor Retail Leasing

CBRE Romania has announced the promotion of Ramona Hîrnea to Head of Investor Retail Leasing, strengthening its leadership team for national operations.

With 22 years of experience in commercial space leasing, Ramona Hîrnea has successfully led major expansion and repositioning projects for prominent brands across sectors such as press and convenience, fashion, food, sports, and jewelry.

CBRE Group is the world’s largest commercial real estate services and investment firm, with more than 115,000 employees serving clients in over 100 countries. In Romania, CBRE offers a comprehensive range of services, including facilities, transactions and project management, property management, investment management, property valuation, real estate leasing, strategic consulting, property sales, mortgage services, and development advisory.

Nusco brings the concept of a mini urban forest to Nusco City

Nusco is integrating the concept of a mini urban forest into the urban regeneration project Nusco City, over an area of 20,000 square meters, with more than 1,000 trees and green spaces.

The urban forest will begin to take shape as early as the current development stage of the project, namely phase two. The second phase of the Nusco City project includes seven buildings with a total of 828 apartments and 1,033 underground parking spaces (featuring double studios, two-, three-, and four-room apartments, as well as exclusive duplexes), and will cover an area of 23,662 square meters. The first three buildings of this phase are scheduled to be delivered this year, while the remaining four buildings – which are currently under development – are expected to be completed in the first half of 2026. The total investment for this project’s second phase exceeds EUR 130 million.

The concept of “tiny forests” or urban “micro-forests” was incorporated into the plant compositions of the residential complex, as it perfectly fits the need for rapid, sustainable, and resilient urban greening. There is a growing necessity to restore the ecosystem qualities affected by development construction sites. This concept was initiated and popularized by Japanese ecologist Akira Miyawaki. He developed a rapid and efficient reforestation method known as the Miyawaki Method, which involves planting a wide variety of native species in a small area to create a forest that mimics a natural ecosystem, with high tree density. Miyawaki demonstrated that this type of forest can grow significantly faster than forests planted using traditional methods.

“With every stage we develop in Nusco City, our excitement grows proportionally, and with every partnership, we get closer to realizing our vision for this project — which has already become a destination in itself, a standalone address and a landmark of the Capital. We couldn’t be prouder of the involvement of the University of Agronomic Sciences and the Faculty of Horticulture, specifically the Department of Landscape Architecture, Biodiversity and Ornamental Horticulture, in this spectacular urban forest concept that will enhance the project in every way,” stated Michele Nusco – CEO of Nusco.

Retros Gallery officially opens its new vintage furniture showroom

Retros Gallery officially opened the doors of its new vintage furniture showroom, located on Str. Duetului 54-56, marking an important step in its journey of showcasing timeless design and craftsmanship. The launch was graced by a collaborative art exhibition with Galleria 146, which featured a new photography series by Dragoș Sora, titled “It Takes Time to Find Your Place”. The new showroom spans an impressive 1400 square meters.

“At Galleria 146 we are always looking for ways to connect artistic disciplines and create a space for emotion in design. This collaboration with Retros and Dragoș was truly aligned with our character – a deep, thoughtful and reflective collaboration”, said Filippo Musneci, founder of Galleria 146.

Romanian Post leases 5,000 sqm in the CTPark Bucharest logistics project

CTP has initialed a new strategic partnership with the National Company “Romanian Post”. Starting with the spring of this year, Romanian Post temporarily leased a space of over 5,000 sqm for the activity of the Bucharest Regional Logistics and Courier Hub, in the CTPark Bucharest industrial park, located in the west of the Capital, on the A1 Highway at km 13.

The National Company “Romanian Post” is currently in a historic process of modernization and optimization of the logistics infrastructure, investing over RON 80 million in the renovation and development of regional hubs, and also in the endowment with state-of-the-art sorting equipment.

“We are pleased to host Romanian Post in our community in CTPark Bucharest and to contribute, through our quality infrastructure, to the streamlining of the logistics activities of a key player in the field of postal and courier services. It is a collaboration that reflects the growing trust of Romanian companies in CTP standards,” said Nicoleta Gavrilă, Senior Business Developer at CTP Romania.

Carrefour closes the hypermarket in the Sun Plaza mall in southern Bucharest

Carrefour is closing its store in the Sun Plaza mall in southern Bucharest next month, which it had purchased from Cora, saying that the mall is being remodeled, and this means freeing up space for a long period of time, and therefore “can no longer ensure the continuity of the shopping experience.”

The store in Sun Plaza is a former Cora. The area is large, the store has about 12,000 square meters. Carrefour has massively reduced the area of another Cora store after the takeover, Cora Lujerului in the west of the city. Thus, when it reopened it last fall under the Carrefour brand, the store was left with a sales area of 7,656 square meters, being over 6,300 square meters smaller than the former Cora that opened its doors in 2005.

Source: economica.net

Wendy’s opens first location in Bucharest

The American fast-food restaurant chain Wendy’s has opened its first location in Bucharest, in the Mega Mall shopping center. Customers lined up an hour before the official opening to take advantage of the 50% discount granted to the first 100 customers.

Wendy’s wants to open 100 restaurants in Romania in the next 5 years, with an investment of USD 200 million. The next restaurant will open in Ploiești, in July.

Currently, 30 employees work at the Bucharest restaurant. In the Mega Mall kitchen also work employees brought in from Canada to teach Romanians how to make the dishes.

The Wendy’s restaurant chain has over 7,000 restaurants worldwide, of which over 1,300 are located outside the United States.

Source: wall-street.ro

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