24 aug 2011

The 20 most profitable companies in Romania posted cumulated net profit of EUR1.77 billion in 2010, up 2.3% against the previous year, shows a Ziarul Financiar analysis of the financial statements more

19 aug 2011

In 30 months (January 2009-June 2011), dominated by recession and falling consumption, several retail companies, mainly foreign-owned, invested in the opening of around 400 stores. What are they more

15 aug 2011

Israeli-group Globe Trade Center (GTC), led in Bucharest by Shimon Galon, one of the most experienced real estate developers on the market, will open the company’s fourth local mall on October 6, in more

12 aug 2011

South African investment fund NEPI, which made the largest acquisitions on the Romanian real estate market between 2009 and 2010, has continued to sign deals into this year, adding the shopping more

11 aug 2011

London-traded Argo Real Estate Opportunities Fund (AREOF) has a capitalization of just EUR15 million, but is about to become the largest owner of shopping centers in Romania, after acquiring the ERA more

3 aug 2011

Clifford Chance Badea, the Bucharest office of the world’s largest law firm, Clifford Chance, plans to go above the EUR10M threshold in revenue this year, a performance only four firms on the local more

1 aug 2011

Owners of three-room apartments in Bucharest’s Militari district increased asking prices by EUR5,000 as early as the first full month of functioning of the Basarab overpass. more

1 aug 2011

German group Lidl, which at the end of June entered the Romanian market officially by rebranding the 107 Plus stores it bought last year, is getting ready to open the first stores built from the more

29 iul 2011

Gorj businessman Nicolae Sarcina, the owner of the Succes supermarket chain, will tap into the hypermarket segment by opening a unit in the 9,000 square-meter space formerly occupied by PIC more

28 iul 2011

German-held Praktiker, which owns the largest DIY store chain on the Romanian market (27 stores), continued its decline in the first half, when sales went down by 28.8% to EUR68.7 million. This means more

27 iul 2011

Bogdan Georgescu, one of the most experienced real estate consultants, who ran the largest firm on the market - Colliers International – for almost 12 years, has changed focus from real estate to more

26 iul 2011

A number of very low-profile Romanian businessmen, such as Dragos Dobrescu, Remus Capota and Radu Dimofte, have started once again to build office buildings in Bucharest, smaller buildings, but more

21 iul 2011

The stock of new homes available in Bucharest has started dwindling as a result of the low number of apartments delivered in the past two years and the falling prices. In seven out of nine Bucharest more

20 iul 2011

The average price of old three-room apartments in Bucharest dropped by 1% month-on-month in June, from EUR81,400 to EUR80,600, according to the real estate index drawn up by ZF together with real more

19 iul 2011

Cora Lujerului (Militari), Auchan Titan, Carrefour Orhideea and Real Vitan are the stores with the highest sales of the four hypermarket chains in Romania, whose annual sales amount to EUR2.5 billion. more

14 iul 2011

Businessman Radu Georgescu, who has sold several IT businesses in the past decade, has now parted with real estate company Metropolitan Developments, which owns several plots in central Bucharest, in more

7 iul 2011

The Titan-based store of the Auchan hypermarket chain, the first to open in Romania, remains the company’s best on the local market, with a daily traffic of 30,000 to 45,000 visitors. more

5 iul 2011

Premia MedCare, controlled by a Romanian doctor, will operate, in partnership with Austrian group PremiaQaMed (recently rebranded Premia-Med), the largest private hospital in Romania in northern more

5 iul 2011

Smaller versions of the Baneasa project in northern Bucharest, Romania's largest retail park, are fighting and succeeding in getting new tenants. While expansion tends to be more difficult for malls more

1 iul 2011

The Dedeman network has gone from 12 to 24 stores over the past two years and a half in the wake of EUR150 million investments, the largest in domestic retail during the crisis. more

30 iun 2011

Buying a company that holds plots for the construction of 10,000 apartments in Romania does not seem the best decision when the market is still frozen. However, when the price paid is a quarter of more

30 iun 2011

Bucharest’s Asmita Gardens housing project, made up of seven towers with 758 apartments, is still frozen as the general entrepreneur, Strabag, has not resumed utility testing procedures for the more

29 iun 2011

Real estate developer Oasis, controlled by two Sibiu businessmen, has secured EUR7 million worth of funding to develop several projects. more

28 iun 2011

The American Cultural Center will leave its villa on Dumbrava Rosie Street in central Bucharest this September, where it has been operating in the last six years, to move to Baneasa. It will leave the more

27 iun 2011

Real estate consultants started regaining vigor last year, after seeing their turnovers dramatically eroded by the crisis in 2009 amid a severe transaction shortage on all market segments. more