Ovidiu Posirca

Senior Journalist at Business Review

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Articles

Magurele to attract more startups with upcoming development of a science park

Dec 2, 2024 | business-review.eu | Ovidiu Posirca |Miruna Macsim

Madalin Ionita, the Executive Director of the Magurele Science Park (MSP) Association, talked to BR about the next edition of the Laser Valley Innovation Bootcamp for startups and explained how Magurele could attract more startups once the new on-site science and technology park is completed. By Ovidiu PosircaWhat were the highlights of this year’s Laser Valley Innovation Bootcamp and what are your plans for next year?
EU industries harness startups’ international growth potential

Dec 2, 2024 | business-review.eu | Ovidiu Posirca |Miruna Macsim

As more investors expect proven traction, startups will need to pursue clients across borders and nationalities. The region’s commitment to green initiatives, data privacy, and industrial innovation has created a unique environment for startup growth, according to international experts. By Ovidiu PosircaEuropean startups raised USD 11.3 billion in Q3 2024, the lowest level in the last four years, according to a report by Dealroom.co.
Cortina Elysium, the newest architectural gem emerging in northern Bucharest

Nov 12, 2024 | business-review.eu | Ovidiu Posirca |Miruna Macsim

Nestled within a distinctive polygonal plot in northern Bucharest, Cortina Elysium emerged from a bold vision: to create a masterpiece that marries contemporary design with local architectural heritage and natural surroundings. By Ovidiu PosircaThe development is strategically located near the future Paris metro station, close to all the main private education centers and Bucharest business points.
Globalworth Square: Setting new standards for sustainable and employee-focused workplaces

Oct 28, 2024 | business-review.eu | Ovidiu Posirca |Miruna Macsim

Globalworth aims to set a new standard for technologically sophisticated office spaces that prioritise health, comfort, and eco-friendly practices through Globalworth Square, the EUR 57 million office building based in northern Bucharest. The project’s prime location offers outstanding accessibility to various transportation options, including metro, tram, and bus services, as well as proximity to the airport, ensuring convenience for tenants and employees.
Romania gains competitive edge in CEE race for property investments

Oct 28, 2024 | business-review.eu | Ovidiu Posirca |Miruna Macsim

Romania’s commercial real estate sector saw a flurry of investment transactions during H1 2024, growing in volume by over 130% year-on-year, which was the biggest growth rate across Central and Eastern Europe (CEE) markets. The local investment market recorded deals worth around EUR 417 million in H1, of which Romanian investors had a share of 26%, according to an iO Partners report.
Veranda Mall committed to growing with the community and expanding green practices

Oct 25, 2024 | business-review.eu | Ovidiu Posirca |Miruna Macsim

Veranda Mall has been open since 2016 and has played a crucial role in the revitalisation of the Obor neighbourhood, while continuing to enhance shoppers’ experiences through constant investments in new facilities. In 2019, Veranda added a cinema, which quickly became a favourite among residents. By 2023, they invested EUR 30,000 in renovating the amphitheatre, adding new seating, terraces, and a graffiti mural celebrating Obor’s spirit.
Novum 56 to expand thriving residential community with Phase III roll out

Oct 25, 2024 | business-review.eu | Ovidiu Posirca |Miruna Macsim

Novum Business Invest has kicked off the development of Phase III of Novum 56, the residential complex that has already established itself as a thriving neighbourhood due to its location and mix of facilities for residents. By Ovidiu PosircaOver EUR 20 million invested in a single phaseThe project had a total investment exceeding EUR 20 million for its first phase alone, showcasing Novum Invest’s commitment to creating long-term value.
H Stirbei Palace: the premier luxury shopping destination in Bucharest

Oct 25, 2024 | business-review.eu | Ovidiu Posirca |Miruna Macsim

With a planned investment of EUR 20 million, HAGAG Development Europe aims to turn H Stirbei Palace into Romania’s exclusive luxury shopping destination, while bringing Calea Victoriei back among the world’s major shopping streets.
Fashion House delivers complete shopping experience in its outlet centres

Oct 24, 2024 | business-review.eu | Ovidiu Posirca |Miruna Macsim

Fashion House pioneered the outlet centre market in Romania by opening its first project 16 years ago in the western part of Bucharest. The group then went on to open a second outlet centre east of the Romanian capital following an investment of EUR 45 million. Both projects share the same vision of offering customers premium and international brands at discounted prices year-round.
One Technology District prioritises sustainability, connectivity, and proximity

Oct 24, 2024 | business-review.eu | Ovidiu Posirca |Miruna Macsim

One United Properties has kicked off the development of One Technology District with a record pre-lease deal of EUR 57 million signed with German giant Infineon Technologies. One Technology District will be located in the Dimitrie Pompeiu area of Bucharest, which is traditionally an office hub, well connected to public transportation and the metro station, close to commercial and leisure facilities, as well as the A3 highway.