Turkish heavy commercial and armored vehicle manufacturer Otokar has signed a memorandum of understanding (MoU) to acquire a 96.77% stake in Romanian defense company Automecanica S.A. for EUR85 million.
The Bucharest land market reached in 2025 the lowest level in the past seven years, with the number of land transactions in capital city Bucharest decreasing by 13.4% compared to 2024, according to data compiled by real estate consultancy Crosspoint Real Estate.
Skanska has sold the second building of the Equilibrium office complex (Equilibrium 2) in capital city Bucharest to Gordiusz Private Equity Fund, an investment fund managed by Hungary's Granit Asset Management, held by Istvan Tiborcz, Hungary's riches man and the son-in-law of Prime Minister Viktor Orban.