The position-finishes-price ratio has enabled the developer to pre-sale all the apartments in phases 1 and 2 of the real estate project and to collect advance payments of more than €10 million during the construction phase
SunLake Residence consists of two 12-storey buildings and one 18-storey building with a total of 308 apartments
The market value of the residential complex exceeds 40 million euro and covers an area of over 40,000 square meters
A breathtaking panorama of Bucharest: over 300 lake view apartments
The carefully designed architecture of SunLake Residence and its strategic location on a peninsula on the shores of Lake Fundeni make SunLake Residence the first complex in District 2 of the Capital where regardless of cardinal orientation, almost all apartments have a view of the surrounding lakes.
“SunLake has been developed with the help of a team of dozens of architects
designers and specialists who have carefully thought through every aspect of the residential complex
From the strategic view to the surrounding lakes
to the efficient subdivision of the apartments
the renewable energy sources placed on each building (photovoltaic panels and hot water panels)
the private park and the lakeside promenade that will connect to the green promenade to be realized in the future by the authorities
all make SunLake one of the most attractive real estate projects in Bucharest”
In addition, due to the developer’s very good reputation, customers have preferred to buy the apartments with their own resources and pay for them in full in advance, with mortgage buyers being less common during the construction period.
Park Properties Group is targeting developments of over 1,000 residential units in the next few years and accessing new sources of capital to grow the business. The Group has acquired several large-scale lakeside sites in Pipera, Balotești and other exclusive locations where it plans to continue to develop premium apartment and villa complexes targeting the luxury and affordable luxury segment of the market.
With a total area, upon completion, of over 40,000 square meters and a market value in excess of 40 million euro, SunLake Residence, located on the shores of Fundeni Lake, in District 2, is one of the most ambitious residential projects in Bucharest, an architectural landmark, with generous terraces and spacious lobbies, surrounded by lakes, a green, quiet area with numerous leisure spaces – parks and playgrounds for children. Construction of the project started in March 2022.
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Multiple Myeloma (MM) is classified as one of the most challenging cancers to diagnose, and the hematological malignancy is associated with prolonged diagnostic delays. Although major steps have been made in the improvement of MM patient diagnosis and care, Romanian patients still face long diagnostic delays. Thus far, there have been no studies evaluating the factors associated with diagnostic errors in Romanian MM patients.
Using the Aarhus statement, we prospectively determined the diagnostic intervals for 103 patients diagnosed with MM at Fundeni Clinical Institute, between January 2022 and March 2023.
Overall, the median diagnostic path for MM patients in Romania was more than 6 months, leading to a higher number of emergency presentations and myeloma-related end-organ damage.
Volume 11 - 2024 | https://doi.org/10.3389/fmed.2024.1372907
Introduction: Multiple Myeloma (MM) is classified as one of the most challenging cancers to diagnose
and the hematological malignancy is associated with prolonged diagnostic delays
Although major steps have been made in the improvement of MM patient diagnosis and care
Romanian patients still face long diagnostic delays
there have been no studies evaluating the factors associated with diagnostic errors in Romanian MM patients
we prospectively determined the diagnostic intervals for 103 patients diagnosed with MM at Fundeni Clinical Institute
Results: Our data revealed that the main diagnostic delays are experienced during the “patient interval.” Patients spend a median of 162 days from the first symptom onset until the first doctor appointment
Bone pain is the most frequently reported symptom by patients (78.64%)
but it leads to a medical-seeking behavior in only half of the reporting patients and results in a median delay of 191 days
The changes in routine lab tests are considered most worrisome for patients
leading to a medical appointment after a median of only 25 days
The median primary care interval was 70 days
with patients having an average of 3.7 medical visits until MM suspicion was first raised
The secondary care interval did not contribute to the diagnostic delays
the median diagnostic path for MM patients in Romania was more than 6 months
leading to a higher number of emergency presentations and myeloma-related end-organ damage
Diagnostic errors, defined as delayed, missed, or wrong diagnoses, are considered to be the leading cause of patient harm (1)
Diagnostic errors are recognized as a top priority challenge in public health by the World Health Organization and the Agency for Healthcare Research and Quality (AHRQ)
A recent analysis of malpractice claims has identified cardiovascular events, cancers, and infections as the top frequently misdiagnosed conditions associated with serious harm to patients (2–4)
Multiple Myeloma (MM) is classified as one of the most challenging cancers to diagnose. It is characterized by prolonged diagnostic delays and accounts for half of all the premature deaths caused by hematological malignancies (5–7)
The typical onset of MM is gradual, often presenting symptoms such as fatigue and persistent bone pain, that can be easily misinterpreted, particularly in older patients or in those with comorbidities (7). In addition, the classical manifestations of MM, such as hypercalcemia, renal failure, anemia, and bone lesions, rarely occur simultaneously at diagnosis (12)
Successful management of MM patients relies on an accurate and timely diagnosis. Unfortunately, one-third of MM patients are diagnosed in the emergency department (ED) at an advanced stage, leading to poor outcomes (5, 12). Emergency presentations often include spinal cord compression syndrome, bone fractures, anemia, sepsis, and neurological impairment, resulting in increased morbidity and mortality (13)
Although Romania has made major steps toward improving the care of cancer patients
the diagnosis of MM remains a major problem
According to Globocan, in 2020, more than 880 new cases of MM were estimated to have been diagnosed in Romania. However, only 550 new patients have been recorded in the national registries, over 40% being diagnosed at a late ISS stage III (14–16)
The discrepancy between expected and recorded MM cases in Romania highlights potential issues in the diagnostic pathway
It is important to mention that in Romania
patients can perform “on-demand” lab tests without a prior medical visit
private clinics offer appointments to specialist physicians without a referral from the primary care physician
The fragmented nature of the medical appointments and lab evaluations may contribute to diagnostic delays and inadequate assessments
Our study is the first assessment of the diagnostic paths of MM patients in Romania. Using the Aarhus statement as a framework (15)
we aimed to document diagnostic intervals and identify primary causes of delays
our research provides insight into the various routes leading to the final MM diagnosis
shedding light on missed opportunities for timely diagnosis
unicentric study was conducted at Fundeni Clinical Institute
Romania’s main tertiary hematology center
The aim of the study was to evaluate the diagnostic paths of MM patients in Romania and identify factors associated with diagnostic delays
The study was approved by the institution’s ethics committee board (approval no
and all patients provided written informed consent according to local regulations before enrolling
A total of 106 adult patients who received an MM diagnosis between January 2022 and March 2023 were initially evaluated
Three patients were excluded from the study due to critical conditions and subsequent mortality
The remaining 103 patients were considered eligible
Figure 1. Diagnostic intervals according to the Aarhus statement (17, 18)
Based on the literature review and discussions with myeloma specialists
we defined the possible key symptoms prompting action as “bone pain,” “bone fractures,” “fatigue,” “pallor,” “weight loss,” “nausea,” “frequent infections,” and “paresthesia,” but also covered incidental discoveries reflected by changes in “on-demand routine lab tests” [hemoglobin (Hb)
such as whether patients were first evaluated by a primary care physician (family doctor) or by a specialist doctor (internal medicine
The number of visits to doctors before the first suspicion of MM was also recorded
Each questionnaire was completed by the study team during the initial diagnostic assessment
and a thorough evaluation of previous medical visits and lab reports
including audits of completed questionnaires and data entry verification
were implemented to maintain data quality and consistency
Four main different statistical tests (Kolmogorov–Smirnov
Kolmogorov–Smirnov–Lilliefors Corr.
and Anderson-Darling) were used to test the normal distribution of the data
the non-parametric Mann–Whitney test was employed for comparisons
Diagnostic delays between intervals were calculated using DataTab software
Statistical significance was defined as a p-value of <0.05
Our study included 103 adults with newly diagnosed MM
51 patients (49.51%) were men and 52 (50.42%) were women
62 patients (60.19%) resided in an urban area
while 41 (39.81%) were located in a rural area
The delays in the patient interval are often a result of the patient’s failure to recognize cancer symptoms
the symptoms experienced by patients were highly heterogeneous and unspecific
The most commonly reported symptoms were bone pain (78.64%)
However, patients often did not perceive these symptoms as alarming until they interfered with their daily activities. This is concordant with existing reports stating that patients would often interpret the fatigue associated with anemia as a result of day-to-day activities. In an older population, myeloma-related bone pain can be overseen as it may be perceived to occur on a previous background of rheumatic or degenerative skeletal pain (11, 19)
bone pain led to a medical presentation in only 59.02% of the patients
and the median time from occurrence to the first doctor visit was 191 days (range 1–1,598 days)
6.79% of the patients reported not having any prior symptoms and being alerted incidentally only by changes in their on-demand lab test results
66.02% of patients showed changes in the on-demand routine lab test results
irrespective of whether they were associated with other key symptoms
The changes in the on-demand lab test results (Hb
or serum electrophoresis) resulted in 23.3% of patients seeking medical advice
with a statistically significant shorter median time from occurrence to first doctor visit (25 days
these changes led to an immediate medical visit in 15.32% of the patients
despite experiencing activity-limiting fatigue
the patients required a median of 172 days (range 5–339 days) until performing on-demand routine lab tests that led to a doctor appointment
the median duration of the patient interval was 162 days (range 0–1,128 days)
with no differences observed in the patient interval between male and female patients (median 163 days versus 167 days respectively
Using the 75th percentile as a cutoff for the patient interval
we found that 12.62% of patients experienced a delay beyond the threshold of 455 days
All the reported symptoms are detailed in Table 1. The most frequent combinations of manifestations at the time of diagnosis are detailed in Figure 2
Combinations of manifestations at the time of diagnosis
The most common combination of manifestations at the time of diagnosis is between bone pain and laboratory test changes
followed closely by the association of bone pain and fatigue in 47.57% of the patients
Only one-third of patients presented with the association between bone pain
The delays in the primary care interval, defined as the duration between the first medical visit to the first time myeloma is suspected, typically arise due to the failure of the primary care physician (family physician/general practitioner) to recognize the myeloma-associated symptoms and to suggest and interpret the right diagnostic tests (19)
only 42.71% of the patients were referred first to their primary care physician concerning their symptoms
More than 25% of the patients had an emergency first presentation
17.47% were first referred to the Emergency Care Unit
while 11.65% had a first appointment with a neurosurgeon presenting with either debilitating vertebral pain or spinal cord compression syndrome
28.17% of patients were first evaluated by a nephrologist due to renal failure associated with MM
while 10.67% were first evaluated by another specialist (rheumatologist
Out of the patients that were first referred to their primary care physician (family physician/general practitioner)
90.29% had been referred to at least one more specialist physician before the suspicion of Multiple Myeloma was raised
Patients who initially consulted their primary care physician had a significantly shorter primary care interval compared to those with other diagnostic routes (median 26 days versus 93 days
patients made 3.7 medical visits (range 2–16) before MM suspicion was raised
The median interval from the first doctor visit to suspicion of myeloma was 66.5 days (range 0–1,077 days)
Using the 75th percentile as a cutoff for the primary care interval
we found that 41.75% of patients experienced a delay beyond this threshold
The median time between when the myeloma suspicion was raised and their first visit to our center was 19 days (Figure 3)
Diagnosis intervals according to the Aarhus statement
defined as the number of days from the first hematology visit to confirmation of MM diagnosis
delays occur due to the physician’s inability to diagnose the disease and to initiate the proper treatment
Delays in the secondary care interval are typically minimal in tertiary care facilities equipped with modern diagnostic tools
where specialized MM management units are established
diagnosis confirmation is prompt and accurate
all patients received a diagnosis during their first admission
treatment initiation occurred within a maximum of 72 h
31.06% of patients required emergency medical care
The majority (60.19%) were diagnosed with ISS stage III MM
Our study represents the first-ever analysis of the pathways and delays in the diagnosis of Romanian Multiple Myeloma patients. Our findings reveal that the most significant delays occur during the patient interval, with a median duration of 162 days. This duration aligns closely with the 163-day interval reported by Howell et al. (9) in the UK population
The possible causes for the prolonged patient interval include the unspecific symptoms
leading patients to overlook or “normalize” them
It is considered among the general population that cancer should lead to either worrisome or debilitating symptoms
in Multiple Myeloma there are no overt “red flags” that can trigger the medical-seeking behavior
classical symptoms such as bone pain might go unnoticed in an elderly population accustomed to chronic pain
while fatigue can often be attributed to anemia or routine daily activities
The UK population cohort study, performed by Howell et al. (11)
They report that many patients experience a phase of “normalization,” during which changes in their health status are often attributed to factors such as aging
Although the most frequently encountered complaints were bone pain and fatigue
our study highlights that changes in on-demand lab tests are the most significant triggers for seeking medical assistance
This may be attributed to the healthcare system’s structure
where the “on-demand” lab tests can be performed without a prior medical visit
either routinely or as a result of a change in the individual’s perception of their general health
In addition, factors such as poor medical education, shame, financial constraints, and fear of cancer diagnosis contribute to delaying behavior in seeking medical assistance. Consequently, as a direct result of the delays in the patient interval, over 25% of MM patients in Romania have their first medical presentation as an emergency. This finding is similar to the 20% rate of emergency presentations reported in the UK population by Howell et al. (11)
The primary care interval represents a critical stage where missed opportunities can lead to harm for MM patients (20). Myeloma is considered one of the most challenging cancers to suspect and diagnose. Challenges in this stage arise from factors such as the rarity of MM, lack of readily available testing methods, and non-specific presentations (5–7, 20, 21)
Studies conducted in the US medical health system by Ailawadhi et al. (22) have shown that up to a third of MM patients face errors in diagnosis in the primary care setting
with classical signs of MM missed in up to 5% of the patients
the primary care interval reflected the complex pathways that lead to the diagnosis of Multiple Myeloma in Romania
patients seeking evaluation by specialists in the public health sector require a referral from a family physician
it is important to mention that in Romania
patients can directly access specialist doctors in the private sector without prior primary care visits
leading to fragmented care and delayed diagnosis
the data generated emphasizes the pivotal role of primary care physicians in minimizing delays in diagnosis
Patients who sought consultation with their primary care physician experienced markedly shorter primary care intervals compared to those following alternative diagnostic pathways
Although the diagnostic delays in this interval were not as prolonged as those in the patient interval
they still resulted in delays exceeding 2 months
Less than half of the patients first consulted their primary care physician
but nearly all of them required at least one additional appointment until the suspicion of Multiple Myeloma was raised
This is particularly relevant since the number of consultations is a strong determinant of the diagnostic delays associated with primary care (23)
The consequences of delays in the initial diagnostic intervals are profound, with one-third of patients requiring emergency medical care upon admission, and over half presenting with advanced ISS staging. In addition to the direct lethal impact on survival, an advanced disease stage also represents a financial burden to the health system due to prolonged hospitalization and expensive emergency medical interventions (24, 25)
our study presents the first-ever analysis of the diagnostic paths and delays experienced by Romanian MM patients
Our findings underscore the critical role of primary care physicians in reducing delays in diagnosis and highlight the need for targeted interventions to improve the diagnostic process
educating family physicians about MM and offering support through the national health insurance platform could mitigate delays
Increasing awareness among the general population about MM symptoms and the importance of early detection is also crucial
Future research should focus on implementing interventions to streamline the diagnostic process and improve outcomes for MM patients in Romania
This study has several limitations that should be considered when interpreting the findings
its single-center design may limit the generalizability of results Second
the relatively small sample size may impact the representativeness of the patient cohort analyzed
certain factors contributing to diagnostic delays
such as socioeconomic status and patient perspective
The study did not explicitly address possible recall bias
and the study period may not fully capture temporal trends
The raw data supporting the conclusions of this article will be made available by the authors
The studies involving humans were approved by the Fundeni Clinical Institute's ethical committee board
The studies were conducted in accordance with the local legislation and institutional requirements
The participants provided their written informed consent to participate in this study
RI: Writing – review & editing
SoB: Writing – review & editing
SiB: Writing – review & editing
IC: Writing – review & editing
LZ: Writing – review & editing
DC: Writing – review & editing
The author(s) declare that financial support was received for the research
This work was supported by the University of Medicine and Pharmacy through the institutional program Publish not Perish
The authors declare that the research was conducted in the absence of any commercial or financial relationships that could be construed as a potential conflict of interest
All claims expressed in this article are solely those of the authors and do not necessarily represent those of their affiliated organizations
Any product that may be evaluated in this article
or claim that may be made by its manufacturer
is not guaranteed or endorsed by the publisher
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Washington (DC): National Academies Press (US)
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Zidaru L and Coriu D (2024) Determining diagnostic delays in Romanian multiple myeloma patients using the Aarhus statement
Received: 19 January 2024; Accepted: 23 April 2024; Published: 24 May 2024
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Guest Editors:Aboud AlJa'bari: University of Jordan
JordanLalit Gupta: Maulana Azad Medical College & Lok Nayak Hospital
IndiaMihai Popescu: Fundeni Clinical Institute & Carol Davila University of Medicine and Pharmacy
RomaniaGiustino Varrassi: Paolo Procacci Foundation
BMC Anesthesiology has published a topical collection on “Post-operative pain control” to highlight new research in this field focusing on novel analgesics
multimodal anesthesia and regional anesthesia making the step to a personalized post-operative pain control. Post-operative pain control is a major factor of modern anesthesia care
regional anesthesia techniques and opioid free anesthesia have significantly impacted the way we care for our patients in the perioperative period and has impacted patient comfort and satisfaction
considering increasing age of patients addressed for surgery
as well as the high incidence of severe co-morbidities
providing safe anesthesia care in terms of post-operative management has become a crucial aspect of modern anesthesia practice
Aboud AlJa’bari did his fellowship in France and Switzerland in Cardiothoracic anaesthesia as well as in Regional anaesthesia and Pain Medicine
and he is now a Consultant in Cardiothoracic
AlJa’bari has published more than 30 articles in well-known anaesthesia journals
and he has also been an international speaker in anaesthesia conferences like ESRA
His research interests focus on anaesthesia for all varieties of surgeries
Lalit Gupta: Maulana Azad Medical College & Lok Nayak Hospital
Lalit Gupta is working as Associate Professor in the Anaesthesiology and Intensive care department at Maulana Azad Medical College and Associated Hospitals
He has more than 17 years of experience in the field of Anaesthesia and Intensive care
and has authored the books "Synopsis of Anaesthesia" and "Drugs in Anaesthesia and Critical Care". He is also an Instructor and provider for Acute Critical Care Management course (ACCM)
Gupta has special Interest in Intensive Care
Mihai Popescu: Fundeni Clinical Institute & Carol Davila University of Medicine and Pharmacy
RomaniaMihai Popescu is an Associate Professor of Anaesthesia and Critical Care at “Carol Davila” University of Medicine and Pharmacy in Bucharest
Romania and also an international examiner for EDAIC
His main areas of interest are perioperative medicine
thoracic surgery and liver transplantation
sepsis and extracorporeal organ support. He is currently involved in active research on topics such as regional anaesthesia for major liver resections
opioid-free anaesthesia and liver support therapies.
Giustino Varrassi: Paolo Procacci Foundation
Varrassi is the President of the Paolo Procacci Foundation
an NGO based in Rome and involved in research and education on Pain Medicine
He started his academic career in the Department of Anaesthesiology and Intensive Care of the University of Rome
He later became Chairman of the Anaesthesiology and Pain Medicine Department at the University of L'Aquila
Varrassi has started and directed all the Academic Anaesthesia and Pain Medicine programs at the University of L'Aquila
Post-operative pain control is a major factor of modern anesthesia care
providing safe anesthesia care in terms of perioperative management has become a crucial aspect of modern anesthesia practice
Choosing one technique for pain control over another has become challenging and objective assessment of pain severity is still a debatable issue
perioperative pain medicine has become more complex than ever and
hence it has evolved into a new branch of perioperative medicine comprising of new insights on advanced monitoring
BMC Anesthesiology has published a topical collection on “Post-operative pain control” focusing on new research in this field focusing on novel analgesics
multimodal anesthesia and regional anesthesia making the step to a personalized perioperative pain control
This collection comprises submissions from all aspects of this field including
• Novel analgesics: new approaches to pain management
such as the development of novel analgesics
• Multimodal anaesthesia: The use of a combination of medications to provide pain relief after surgery
as well as non-pharmacological techniques such as nerve blocks
• Regional anaesthesia: The use of nerve blocks
and other regional anaesthesia techniques to provide targeted pain relief after surgery
• Personalized perioperative pain control: The use of patient-specific factors
• Postoperative pain assessment: Advances in pain assessment techniques and tools
including the use of patient-reported outcomes and wearable devices
• Pharmacogenomics: The use of genetic information to optimize pain management by identifying medications that are most effective and safe for individual patients
• Economic impact: The economic impact of improved pain management
• Pain assessment: research on new methods of measuring pain and assessing the effectiveness of pain management strategies
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a Swedish leading global provider of renal care services
is proud to announce that it has launched a new centre dedicated to the advancement of nephrology in Romania
a first-of-its-kind initiative for the market
The Fundeni Centre of Excellence in Nephrology is expected to set a new benchmark in the treatment of chronic kidney disease (CKD) in the country
thanks to its combination of technical innovation with holistic care
underpinned by Diaverum's True care culture
Covering an area of over 4,000 m², the Centre was created with the aim to set a new standard in renal care in Romania, using Diaverum's proprietary digital infrastructure to support its delivery
The new Centre of Excellence is comprised of 63 dialysis stations and can provide treatment for over 350 patients
it offers services that cater to the complex range of medical specialties associated with CKD
providing patients an integrated treatment approach within three ambulatory consultations: nephrology
diabetes & nutrition and cardiology
the Centre will also act as a training hub
actively contributing to the continuous education of Diaverum Romania's employees
Camelia Cucu, RVP for Central and Eastern Europe
commented: "The Centre's launch marks a first
but for the country's wider renal care offering
we aspire to set a new benchmark for the care of CKD patients
within Romania and the wider Central East Europe region
passion and inspiration that define our True care culture"
"I am immensely proud of our Romania team and would like to extend my most sincere congratulations to them for this extraordinary achievement"
added: "True care lies at the core of everything we do
which is why we are delighted to be launching the Fundeni Centre of Excellence in Nephrology
and proud that our patients are already benefiting from the integrated services system we provide
with the same quality and safety standards that they have become accustomed to since our initial market launch 11 years ago"
Ovidiu Bradu, Operations Director for Diaverum Romania
Diaverum is driven by a continuous momentum to identify and improve the ways in which we deliver life-enhancing renal care
which is why the launch of this centre is a truly proud moment for us
I couldn't be happier with the end results
which represent the culmination of much hard work and team effort."
Camelia Maria, HR Director for Diaverum Romania
highlighted the importance of the employee training facilities: "Diaverum is an ever-growing organisation and we want our people to grow with us
By offering opportunities for them to improve their skills and enrich their education
we are also able to ensure that we continue to provide our patients renal care at excellent standards"
Diaverum Romania solidifies its position as a leading provider of renal care in the country
http://www.diaverum.com/
Twenty years after entering the Romanian market
Medsana Bucharest Medical center invests EUR 15 million this year in a greenfield center in northern Bucharest that will be finished in two years and will open the fifth center in Romania
a medical imagistics center following an investment of EUR 3 million
Medsana is developing a Greek-Romanian medical tourism collaboration
For Romanian tourists in Greece, AMG and Medsana provide a benefit card, which offers integrated services in Hospitals in Athens and Thessaloniki. Health Passport covers both emergency cases and scheduled visits or treatments in AMG hospitals.
AMG will collaborate with Center of General Services and Liver Transplantation
Fundeni in the area of oncology and minimal invasive surgery- robotic surgery
concerning future joint academic initiatives
AMG said: “Our objective is to establish a business collaboration in medical areas where Romania excels
between state authorities in Romania and AMG
so as to support Romania’s effort to become a center of Medical Tourism itself
we want to offer medical services to all Romanian patients who are currently traveling abroad to seek treatment
due to the lack of equipment or for other reasons.”
“I would like to welcome the collaboration with AMG and I.C. Fundeni in the areas of oncology and minimal surgery- robotic surgery. I would also like to thank AMG for its willingness to work together in this strategic, academic initiative,” said professor Irinel Popescu, director of Center of General Services and Liver Transplantation I.C. Fundeni.
Medsana’s turnover increased this year by 20 percent due to in vitro fertilization services
and he expects it to reach EUR 5.2 million
The profit for this year is expected to be EUR 600,000
Medsana has four clinics in Romania, three in Bucharest and one in Ploiesti.
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part of the Park Properties Group and one of the most active developers of real estate projects in Bucharest
more than 60% of the apartments in the first phase of the future residential complex SunLake
a project that started only four months ago
With a total area of more than 30,000 sqm upon completion and a market value exceeding 40 million euros
SunLake is one of the most ambitious residential projects in Bucharest
an architectural landmark with generous terraces and spacious lobbies
quiet area with numerous leisure spaces – parks and playgrounds for children
“The project broke ground in March this year and there has been a huge interest
mostly based on the reliability and quality of our previous projects
So far we have managed to secure over 60% of the pre-sales of the first 12-storey building
which is the first phase of the SunLake Residence development
The properties have been secured both from end customers who intend to live in the compound and from those who have purchased properties for investment purposes
as the area has a huge development potential
which can offer great returns in the face of the inflation we are facing”
managing partner at Park Partners and one of the shareholders of the development company
doctors or young corporates who want to protect their capital from record inflation and get a comfortable return on their investment
“We have developed more than 150 apartments in 9 buildings so far in Bucharest
located in central and ultra-central positions
with a total value of more than 20 million euros
Most of our current clients are partners with whom we have collaborated in the past
and who chose us precisely because of the quality and professionalism with which we have developed real estate projects
respecting the quality of materials and finishes
but also assuming realistic delivery deadlines”
two and three room configurations and larger duplex penthouses located on the top floors
The properties range in size from 51 to 172 sqm
with prices starting from EUR 69,900 + VAT
A project for a sustainable future: SunLake will feature photovoltaic panels
solar panels for hot water heating and LED indoor and street lighting
SunLake Residence has been designed in accordance with the highest sustainability requirements to reduce the high costs of heating homes
the residential complex will have a built-up area of over 30,000 square metres
divided into two buildings of 12 floors and one of 17 floors
with a total of over 300 apartments and more than 350 parking spaces
The compound will benefit from a private park of 1,500 square meters
with a promenade on the shores of Lake Fundeni
and the innovation features that include the availability of energy efficiency solutions
SunLake benefiting from photovoltaic panels and hot water preparation panels located on each building
The photovoltaic panels on the roof of each block will be used to illuminate the common access areas and each level
as well as the annexes and alleyways in the complex and the underground parking lot
“We believe in a green and environmentally friendly future
and this is how the SunLake project was conceived from the very beginning – people in communion with nature
we want to be closer to the global requirements of increasing energy independence
as it is known that globally housing is responsible for almost 20% of carbon emissions
and our investment approach brings many benefits for both nature and future owners”
the first phase of the SunLake Residence project
with more than 60% of the project already contracted
Park Properties has so far completed over 150 apartments in central and ultra-central areas in Bucharest
Over 80% of the properties developed by Park Properties have been pre-sold before completion
9 buildings have been built under the Park Properties brand
with a market value of more than 20 million euro and a total built area of more than 20,000 sqm
SunLake Residence is the most ambitious project of the Park Properties investors
a residential complex whose construction started in spring this year and which
will consist of 308 apartments of 2 and 3 rooms
as well as studios or duplexes of 4 and 5 rooms divided into three buildings
two of them with UP (underground parking) + GF (ground floor) + 12 Floors and one with 2UP + GF + 17 Floors
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An open international contest is being held to rethink the recreational Colentina Lakes area of Bucharest
Organised by the Romanian Order of Architects
the single-stage anonymous contest seeks proposals for three key lakeside regeneration plots – measuring 28ha
27ha and 48ha respectively – located at Tei and Plumbuita lakes
at Plumbuita Lake near Șoseaua Petricani Road
The project – backed by the 2nd District of the Municipality of Bucharest – focuses on restoration of a public path and ‘green-blue promenade’ along the shores of the Colentina Lakes which historically played a key recreational role for the wider city
Key aims include achieving ‘harmonious’ integration with the existing natural environment and improving connections to the surrounding urban environment
According to the brief: ‘The competition concerns the shores of the six Colentina lakes
included in the 2nd District of Bucharest: Tei lake (80ha)
Pantelimon lake (also called Pantelimon II
‘These are part of a system of 15 lakes (generically called “salba de lacuri” – “Lake necklace”) formed along the Colentina River
of which ten lakes are in the administrative territory of Bucharest
six of which are located in the 2nd district
constitute a valuable natural resource of ecological regeneration
representing a significant identity mark of the city
‘The aim of the competition is to redefine the role of these lakeshores
regarded both as a natural resource with a great ecological
economic and social potential for the district/city
as well as an active interface between the established urban fabric or under development and the water of the Colentina Lakes
as an element of attraction for the inhabitants.’
Bucharest is the capital and largest city of Romania with 1.7 million inhabitants
The Colentina Lakes are a series of lakes which follow the course of the Colentina River across the northern parts of the city
The latest project focusses on restoring and enhancing a series of lakeside sites which have suffered from a lack of protection
maintenance and considerate development in the past three decades following the collapse of Communism in 1989
Founding Partner of Gustafson Porter + Bowman; Alina-Alisa Bratu
chief architect at the 2nd District of the Municipality of Bucharest; and Iris Chervet
president of Atelier Iris Chervet in Paris
The winners of the three lots – to be announced on 17 September – will receive design contracts worth €2 million
€25,000 and €10,000 respectively will also be awarded to the second place
and to three honourable mention winners in each category
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the developer of the SunLake Residence complex
located on the shores of Lake Fundeni in Bucharest
and a number of other 10 buildings in central and ultra-central areas of the capital
has acquired two land plots on the shores of Pipera and Balotesti lakes on which new large-scale residential complexes will be constructed
SunLake Pipera and SunLake Homes (Balotesti) are the two future new residential neighbourhoods located in key areas of Bucharest and near the city
with a unique perspective on the area where they are located
where three blocks with a total of over 300 apartments are under development
The estimated market value of the two future residential developments is more than €40 million
“We have recently acquired a lakeside plot of land in the Pipera area where we intend to develop a residential complex of premium apartments
as well as 20,000 sqm of land on the shore of Lake Balotesti for a future neighborhood of luxury villas
The lakeside location gives uniqueness to any real estate development and significantly increases the quality of life of the residents
With the acquisition of the new land and planned developments we will exceed the threshold of 700 housing units and we aim to exceed 1,000 units in Bucharest and the near Capital in the coming years”
Managing Partner of Park Properties stated
the market value of all Park Properties projects exceeds €100 million
“Prices for apartments in Romania are still very affordable compared to other European capitals
which is why we expect that the market in Romania will also be aligned with the central European levels and prices will increase mid and long term
That is why we continue to invest in unique properties in Romania
but only if they make sense and the projects are financially viable
the key is to find land with potential and at the right price
where apartments or real estate will sell quickly
regardless of real estate market conditions.”
SunLake Residence’s first 12-storey block entirely sold out of the construction phase
The SunLake Residence complex in the Fundeni area has received increased interest from investors and end buyers
The first 12-storey block has been 100% booked since the construction phase and phase 2 is already 40% contracted
less than 6 months after the start of construction
“We are seeing investors who have pre-let apartments in Block A prior to the start of construction and have resold the pre-let apartments to the final buyers
These investors who bought packages of apartments in Block A have reinvested the capital in Block B
We have investors who have bought one or two apartments for rental or resale as well as investors who have bought packages of several properties
We expect that once Phase 2 of the project is completed
the apartment investors will reinvest this capital in Block C
which will have 17 floors and will be the tallest structure in the development”
has reached the 10th floor of the resistance structure
so that the resistance structure of Block B will also be fully completed in January 2024
Duplex penthouses with lake views from every room
Park Properties has recently launched penthouses with spectacular lake views
Located on the top two floors of the two-storey residential complex
we intend to keep some of the penthouses as rental investments and the rest have already been sold or will be sold in the near future
unique penthouses and apartments are not put on the market by sellers
but we have decided to be flexible and offer a limited number of duplex penthouses for sale
Prices for these units start at 147,000 euros + VAT and can go up to 271,000 euros + VAT for a 5-bedroom unit”
With a total area of more than 40,000 square metres upon completion and a market value of more than 40 million euros
located on the shores of Lake Fundeni in Sector 2
is one of the most ambitious residential projects in the capital
an architectural landmark with spacious terraces and spacious lobbies
quiet area with numerous recreational facilities – parks and playgrounds for children
Developer Park Properties has completed and fully sold 10 blocks in central and ultra-central locations in Bucharest
Most of the buildings developed by Park Properties have been sold more than 80% before completion
SunLake Residence is the most ambitious project of Park Properties
a residential complex whose construction started in spring 2022 and which
will consist of 308 apartments with 2 and 3 rooms
as well as studios or duplex penthouses with 4 and 5 rooms
two with a height of B+Gf+12 and one with a height of 2B+Gf+17
currently the fastest selling residential complex in Bucharest
has achieved a performance hard to reach on the real estate market in the Capital
where over 80% of the 12-storey Block A of the first phase of the residential project was sold in the first six months after the start of construction
With a total surface area of over 30,000 square meters and a market value exceeding 40 million euros, SunLake is one of the most ambitious residential projects in the Capital, an architectural landmark with generous terraces and spacious lobbies, surrounded by Lake Fundeni, a green, quiet area with numerous leisure spaces – parks and playgrounds for children. The project was launched in March this year.
“We have been successfully able to attract a diverse mix of end-buyers
as well as investors in the SunLake project
who have purchased the properties mostly with their own capital
In addition to the high interest from residents located in Sector 2 of the Capital
we are also seeing increased demand from buyers outside Bucharest
who want easy access to the central and northern part of the capital and to the A2 and A3 highways.”
“The fact that we managed to secure over 80% of the sales of the first block of the project in such a short time has led us to start sales for the second phase of the project
The main advantages of the SunLake project are the unique view of the many lakes in the area
the quick access to the key points of the city
and the unique architectural landmark in the most modern residential complex in the area”
According to the SunLake representative, work on the project’s structural steelwork is on schedule, with the builder on pace for two floors per month.
“We have already started work on the 8th floor and by the end of the year we will have completed the structural work on the A building
In August we started work on the connecting structure to the B building and we will soon start work on the B building
the second 12-storey tower of SunLake Residence.”
SunLake, the residential complex near 5 parks and 5 lakes
In addition to the lakes surrounding the peninsula on which the SunLake complex is located and the spectacular view of the five lakes located near the residential project (Fundeni
less than 5 minutes away there are five other newly landscaped parks: St
as well as the private park within the SunLake complex
Most of the green spaces are located on the lakeshore and have recently been landscaped with a promenade
modern themed places and play areas for children
is prompting buyers and investors to purchase apartments at the construction stage in order to lock in preferential prices and not be exposed to the price increases that the building materials sector is facing
“Investing in an apartment gives an end-buyer or investor two ways of appreciating their capital: the return from renting the apartment and the profit from reselling an apartment purchased at a preferential price in the project phase directly from the developer
Prices charged by developers at the construction phase (before a block of flats is completed) are lower than the price of a completed project
a buyer of an apartment at the design/construction stage has the opportunity to resell the apartment at a higher price after the building is completed
the same investor has the possibility to rent the apartment to generate a monthly cash flow and resell the apartment later if he wants to“
and 10 other buildings in central and ultra-central areas of the Capital
has acquired a 15,000 sqm plot of land on the shores of Lake Snagov for a residential development of luxury villas
The SunLake Snagov project will consist of more than 30 luxury villas with unique interior design
parking space for boats and a watersports club
The complex will also benefit from a shopping gallery with a supermarket that will offer direct access both by land and by boat from the Snagov Lake
being the first supermarket with nautical access in Romania
The market value of the Snagov project is estimated to exceed €20 million
“SunLake Snagov will consist of a luxury villa complex featuring a private marina with parking for boats
fitness center and other common facilities for the future residents
2 minutes away from the DN1 and 10 minutes from the A3 highway
the land is located in one of the best positions on the shores of Lake Snagov
both in terms of views – being a hillside plot – where all villas will benefit from a view of the lake
and in terms of access – being one of the most easily accessible from the shore of Lake Snagov towards Bucharest
SunLake Snagov will also benefit from a water sports club with activities such as water skiing
Managing Partner and shareholder of the company stated
First supermarket in Romania to offer direct boat access from the lake
Due to the large number of boats and the lack of a supermarket that would directly serve nautical enthusiasts and owners of villas in the area with access to the lake
SunLake Snagov will also benefit from a supermarket with parking for both cars and boats
and owners of villas with access to the lake will be able to do their shopping directly by boat
The supermarket will be part of a shopping gallery that will serve both the residential complex and the residents of Lake Snagov
With a length of 16 km and an area of approximately 6 km2
Lake Snagov can be considered both one of the most accessible vacation locations and a permanent residence for Bucharest residents who want to live in nature
in the proximity of the lake and the Snagov forest
Snagov Lake has many attractions such as the national monument Snagov Monastery (dating back to 1408) – located on an island in the middle of the lake
Snagov Palace – located on the shores of Snagov Lake
as well as horseback riding or golf clubs nearby
Park Properties has recently completed the construction works on blocks A and B in SunLake Residence
a residential complex of 308 apartments and over 350 parking spaces in the 2nd District of the Capital
on the shores of Fundeni Lake and is about to start works on block C
the developer has acquired land on the shores of Pipera and Balotești lakes where it will develop the SunLake Pipera and SunLake Homes residential complexes.
Park Properties developer has realized 10 blocks located in central and ultra central areas of Bucharest so far
The majority of the buildings developed by Park Properties have been more than 80% sold before completion
a residential complex whose construction started in the spring of 2022 and which
as well as studios or duplex penthouses of 4 and 5 rooms
two with a height of UG+Gf+12F and one building with 2 UG+Gf+18F
Park Properties is targeting developments of more than 1,000 residential units over the next few years and accessing new sources of capital to grow the business
The Group has acquired several large-scale lakeside sites in Pipera
Balotești and other exclusive locations where it plans to continue to develop premium apartment and villa complexes targeting the luxury and affordable luxury segment of the market.