27 iul 2012

It is still a renter’s market out there, office landlords learn when negotiating with companies seeking space to rent, which are now offering as little as EUR5/sqm a month. This is the usual rent more

26 iul 2012

The six largest DIY networks on the Romanian market last year recorded cumulated sales of EUR1.038 billion, up 8.7% on the preceding year as seven new stores opened in 2011 and with 2011 being the more

20 iul 2012

Businessman Iulian Dascalu, the biggest owner of shopping centers on the Romanian market, collected revenue of EUR20 million in the first six months of the year from rent at his Iulius Malls in the more

28 iun 2012

The first do-it-yourself stores opened in Bucharest by seven of the eight networks operating in the city are the top performers of their respective chains. They are generally located in the southern more

4 iun 2012

Hornbach, whose four do-it-yourself stores in Romania bring EUR75 million to EUR80 million in sales each year, will open one more unit in Timisoara this year, following a EUR30 million investment. more

31 mai 2012

With more than 200,000 square meters of empty office space in an economy that is not completely free of recession and low foreign direct investment (merely EUR2 billion a year), developers continue to more

30 mai 2012

The 100 biggest law firms in Romania have extended their teams by 120 lawyers to 1,628 people over the course of last year, with the overall revenues posted by 19 of them exceeding EUR100 million, more

25 mai 2012

The mall inside the Palas Iasi (NE Romania) project, the largest real estate investment outside Bucharest, will open on May 31. The project, which started eight years ago via a repeatedly challenged more

15 mai 2012

Georgios Argentopoulos, whom Gabriel Popoviciu and his business partners put in charge of the commercial area of the Baneasa project at the beginning of this year, intends to implement a corporate more

3 mai 2012

Retailers in AFI Palace Cotroceni mall in Bucharest, controlled by Israeli group AFI Europe, posted sales of EUR46.1 million in the first three months of this year, up 15% on the similar period of more

1 mai 2012

Average prices of old three-room apartments in Bucharest went up slightly in April for the second month in a row, to EUR78,400, an increase of 0.6% on the previous month, according to ZF’s real more

1 mai 2012

Railway transport company Servtrans Invest, controlled by businessman Cristian Burci and insolvent since last summer, took over the lease for 838 freight cars signed with BCR Leasing. more

27 apr 2012

At the entrance to Unirea shopping center next to McDonald’s, one of the most popular meeting places for young people in Bucharest, customers continue to flock 5-10 minutes before 10 AM, waiting for more

24 apr 2012

Real estate developer Redevco, controlled by Cofra, which also owns the C&A store chain, has put up for sale the only plot it has in Romania, in Tulcea, where it had planned to build a mall. more

20 apr 2012

The most expensive apartment put up for sale at the tIMON real estate fair taking place at the end of this week in Bucharest costs 32 times more than the cheapest one, on a residential market where more

18 apr 2012

Shopping center developers continue investments in Bucharest, with intensive work recorded on three of the city’s construction sites, where cumulated investments are worth around EUR150 million. more

17 apr 2012

The Paval brothers, two businessmen from Bacau (eastern Romania) who own the do-it-yourself retail chain Dedeman, the leader of the local market, want to try their luck on other markets in the region more

29 mar 2012

The mall in the Palas Iasi (NE Romania) project, part of an about EUR260 million investment, the largest outside Bucharest, will open on May 31, one month later than previously announced, Iulian more

29 mar 2012

Gabriel Popoviciu, one of the most powerful and also lowest-profile businessmen in Bucharest, turned over the operational management to young executives. Most of them are Romanians and make sure the more

28 mar 2012

Spanish private equity firm GED, one of the most active investors in the tourism industry in the past few years, bought Duke hotel in Piata Romana square in central Bucharest, as well as an almost more

28 mar 2012

Lawyer Gabriel Zbarcea, managing partner of Tuca Zbarcea & Asociatii, says there can no longer be any spectacular increase in the revenue of law firms once a certain level is reached, in the absence more

26 mar 2012

The billions of euros have vanished from the real estate market, even though such an acquisition budget could buy much better and cheaper property than in 2007 or 2008, when this money existed on the more

26 mar 2012

Low consumption and financing problems are the main obstacles making it almost impossible to develop a “genuine” mall at present outside Bucharest, despite the fact that there would be room for more

23 mar 2012

With construction just begun and delivery scheduled for 18 months from now, the Promenada mall in northern Bucharest has already signed Billa, Flanco, Intersport, Inditex, C&A and H&M among its more

21 mar 2012

Seven of the largest law firms on the local market posted revenue growth last year, as a result of a slight improvement of the business environment and of the increase in revenue they made from more