23 mai 2017

The latest round of talks between Africa Israel group and Romanian entrepreneur Dragos Paval over the sale of AFI Park 1-5 near the AFI Cotroceni mall in Bucharest should come near a close in the next more

19 mai 2017

The automotive industry, which generated EUR22 billion revenue from car and automotive component manufacturing last year, is increasingly attractive to foreign companies, especially because of the IT more

17 mai 2017

The Continental group, the largest automotive component manufacturer in Romania, ended last year with almost 20% growth in revenue to 12 billion lei (EUR2.66 billion), the group said. more

8 mai 2017

The sales of Duster SUV on the local and European market will be driven by the six-speed automatic EDC dual clutch transmission version, says Hakim Boutehra, the new general manager of Renault more

4 mai 2017

Businessman Dan Sucu, the owner of the Mobexpert group, is preparing to enter the real estate market after having established DVD Residential Imobiliare SRL in partnership with Pitesti-based builder more

2 mai 2017

Edy International Spedition, a trucking company that had a fleet of more than 1,000 trucks in 2008 only to go insolvent following founder’s death in 2012, is back in the transportation business and more

28 apr 2017

Forte Partners, one of the most active local developers on the office space market, has signed the lease with IBM for 18,000 square meters in the first building of The Bridge complex in the Orhideelor more

21 apr 2017

Seven of the ten most expensive office buildings in Bucharest by asking rent were built in very good locations before 2009, especially around Piata Victoriei, Piata Presei and Charles de Gaulle. more

19 apr 2017

New car registrations went up by almost 30% to 22,300 in the first quarter compared with the year-ago period, Driving License and Vehicle Registration Department (DRPCIV) data show. more

18 apr 2017

Utility vehicle sales are a very good indicator of the state of the local economy and last year’s data show the market reached the highest level since 2009. It now only needs to break the record of more

12 apr 2017

The A3 highway and the section between the Bucharest Beltway and the Barbu Vacarescu area in the north of the city will be the hot spots for logistics hubs, especially for electronic commerce more

7 apr 2017

Ford Romania, the owner of the Craiova automobile plant, has officially announced it will hire 976 people to fill its staffing needs in order to begin production of the next generation of the small more

5 apr 2017

The office space project built especially for Renault group in western Bucharest will be developed by Globalworth and Ioannis Papalekas, after the real estate company bought 50% in Elgan Offices, the more

28 mar 2017

Draexlmaier, one of the largest German investors in Romania, which has more than 15,000 employees in the country at the moment, has announced it will close the production faiclity in Pitesti, which more

28 mar 2017

Honda Trading Romania, the local representative of the Japanese brand, has relied on multi-brand dealers for expansion throughout the country in the past three years, dropping those that only sold more

17 mar 2017

The Tiriac Group of billionaire Ion Tiriac will soon begin new residential projects in Bucharest, and in the major cities in Romania, where the real estate market is on the rise. more

3 mar 2017

The already existing infrastructure and the connection to Western Europe along with higher education institutions and already developed supplier network in Timisoara, Sibiu, Brasov and Oradea continue more

1 mar 2017

Michael Schmidt, the businessman who owns Automobile Bavaria group, will start his project to enter the hotel market in Romania this year with the construction of two hotels, one in Bucharest and one more

6 feb 2017

Brasov has become a new place of interest for retail developers who want to build new malls in the city. more

6 feb 2017

Greek-held BlueHouse Capital is in talks with UK’s Portland Trust to sell a plot of land near Romexpo complex (northern Bucharest), market sources say. The possibility of a joint venture is also more

2 feb 2017

The government must allow private investments in the buildings it owns to revitalize them and ensure they are used up to their full potential. One of the most feasible such projects is Gara de Nord more

27 ian 2017

The talks between Ioannis Papalekas, CEO of Globalworth and Simon Roth, the businessman who won the tender for the new office building to house all the divisions of the French Renault group in more

26 ian 2017

US-held Amazon, world’s largest online retailer, seeks to rent 10,000 square meters of office space in Bucharest, enough to accommodate at least 1,000 employees, sources close to the company say. more

23 ian 2017

US’ General Motors, the owner of the European car brand Opel, will soon open a call-center office in Bucharest to provide assistance for the OnStar service, which allows owners of cars that have more

19 ian 2017

Consumer spending increase drove up the sales of the stores in AFI Cotroceni mall by more than 10% to EUR253 million in 2016, according to Africa Israel, the owner of the mall. more