12 feb 2020

AFI Europe Romania is preparing to expand the AFI Palace Cotroceni with new retail space, a hotel, office and residential space, which will take the project valued at some EUR700 million to more than more

6 feb 2020

Bucharest has the potential to keep attracting new brands in Romania but needs additional space to allow expansion, especially in high purchasing power areas. more

6 feb 2020

The Dacia range will include both a hybrid model, most likely the upcoming Duster SUV facelift, and a 100% electric model. more

5 feb 2020

Sales of electric cars are estimated to double to more than 3,000 units in 2020, like they did in 2019, following the support from the Rabla Plus scheme, which offers a EUR10,000 voucher, as more and more

4 feb 2020

Ioannis Papalekas, CEO and founder of Globalworth, has sold all his shares in this business to Czech investor Radovan Vitek and Dimitris Raptis, deputy CEO, sold 40% of his stake, while the more

3 feb 2020

The new office space projects in Cluj and Timisoara have attracted new companies to regional markets, as the labor market is becoming increasingly competitive. more

28 ian 2020

Entrepreneur Michael Schmidt, the most important BMW dealer in Romania, says he dropped plans to sell 51% in his business in Germany and decided to continue expansion on his own. more

27 ian 2020

Investors are starting to buy the major heritage buildings in the center of the old Bucharest, built in the 19th and early 20th century, seismically retrofit them and turn them into office or luxury more

24 ian 2020

About 50 automotive component suppliers, which have production facilities Romania, supply parts for the new Puma SUV assembled by US carmaker Ford at its plant in Craiova. more

20 ian 2020

Porsche Romania, the largest importer in the country, ended 2019 with 35,332 vehicles delivered, 7% more than in the previous year, according to the company data. more

17 ian 2020

Timisoara Centrum, a mall project valued at EUR90 million and announced by Alpha Group Investments and Ali Ergun Ergen in the spring of 2016, was canceled and Alpha Bank sold the 60,000 square meter more

17 ian 2020

Romania saw the second highest rise in the number of new car registrations in the European Union in 2019, 23.4% to 161,500 units in 2019 compared with 2018, European Automobile Manufacturers’ more

16 ian 2020

Dacia and Ford’s production reached almost 500,000 units for the first time, in 2019, data from Romania’s carmakers association ACAROM show. The total volume stood at 490,412 cars, 3% more than in more

15 ian 2020

Swedish developer Vastint, which built the Business Garden Bucharest office complex in the Orhideelor area and is now working on Timpuri Noi Square project, is considering new acquisitions on the more

13 ian 2020

Sales of luxury cars saw their best year in a decade in 2019, as brands added SUVs and new sedans to their portfolios and the economy went through its eighth year of growth in a row. more

10 ian 2020

The year 2019 came with six new shopping centers or retail parks and four major expansions. The first mall in Sibiu was inaugurated last year and Iulius opened the Iulius Town complex in Timisoara, more

9 ian 2020

The average prices of the three-room apartment in Bucharest built in the ‘80s rose by 5.3% in 2019, according to real estate consultant SVN Romania. more

8 ian 2020

Sales of vehicles on the local market stood at some 200,000 units last year for the first time in a decade, and were 7% higher than in 2018, according to ZF estimates based on the January-November more

7 ian 2020

Bucharest ended 2019 with 3.2 million square meters of office space stock, 296,000 square meters more of lettable area than the year before, data from real estate consultant CBRE show. more

17 dec 2019

The Chamber of Commerce and Industry of Romania has started the necessary steps to secure the permits needed to begin the real estate project at Romexpo, according to Bucharest City Hall data, and the more

11 dec 2019

More than 70 cars with a price tag of over EUR200,000 were registered in Romania in the first eleven months of the year, according to the Driver’s License and Vehicle Registration Department more

9 dec 2019

The revenue of the local auto industry, which includes Dacia, Ford and the more than 400 component manufacturers, will increase by 5.2% to EUR30 billion in 2019 compared with 2018, data from the more

9 dec 2019

The vacancy rate for modern class A and class B office space in Bucharest reached 9.3% at the end of September 2019, while the office space stock 3.16 million square meters. more

6 dec 2019

The monthly installment to buy a two-room apartment in Bucharest has dropped to less than 60% of the net average wage in the country in September, from 251% in January 2008, at the peak of the more

5 dec 2019

Didier Balcaen, the Belgian executive who runs developer Speedwell, has started a real estate project through Willow Residential that will include both office and residential space on the Jandarmeriei more