15 iul 2013

The most profitable companies in Romania posted EUR3.755 billion net profit together last year. OMV Petrom (SNP.RO) was the top profit maker, with its EUR864.1 million accounting for 23% of the total, more

11 iul 2013

Giant IBM, the world’s largest provider of IT services, has accelerated its expansion on the Romanian market by fully renting two office buildings in Bucharest. more

10 iul 2013

Eleven shopping centers in Romania went insolvent or ceased activity and constructions on ten other shopping mall projects were halted after investing millions of euros already, which do not include more

3 iul 2013

Romanian businessman Liviu Tudor, owner of business parks Novo Park and West Gate, with a total rentable area of 150,000 square meters, said qualified staff and competitive wages turn Romania into a more

26 iun 2013

The office space market in Bucharest is not completely frozen but is not thawing up, either. In the first half, 27 companies rented 52,000 square meters of office space, or more than 2% of the stock more

21 iun 2013

The three largest DIY and construction materials distribution players last year were three Romanian-held companies – Bacau-based Dedeman, Galati-based Arabesque and Sibiu-based Ambient, whose total more

18 iun 2013

Kaufland, the leading retailer by sales in Romania, will speed up its expansion process in Bucharest in the next few years where it only has four of its 85 stores in the country. more

14 iun 2013

Spain’s Gran Via, which paid over EUR100 million for former industrial sites in Bucharest during the boom days, started works on its first development in the capital a few weeks ago. more

10 iun 2013

Foreign investors have paid more than EUR400 million in the last six or seven years for plots to develop ten new shopping centers in Bucharest, but the market cannot take that many investments now. more

7 iun 2013

Shopping center Cocor in central Bucharest, which in 2010 sought to establish itself as a luxury shopping destination after an almost EUR25 million renovation, is now looking to reposition itself as a more

6 iun 2013

Wafers, cold cuts and the like that retailer Lidl imported last year weighed more heavily in the trade balance than the turbines CEZ bought for its wind farm in Fantanele (SE Romania), the largest in more

4 iun 2013

Audit and advisory firm Ernst & Young and Belgian IT company Cegeka rented nine of the 22 floors of Bucharest’s Tower Center in Victoriei Square. more

3 iun 2013

British group Kingfisher, with annual turnover of around EUR12 billion, has the green light to enter the Romanian DIY market after closing on the acquisition of the 15-unit Bricostore chain on Friday, more

3 iun 2013

Lawyer Daniel Voicu, one of the founders of law firm Voicu & Filipescu, with turnover of EUR3.8 million in 2012, is investing EUR1.5 million in a 10-apartment block in central Bucharest, between more

31 mai 2013

The Romanian do-it-yourself and construction materials distribution market, where major players have annual sales of around EUR1.3 billion, has reached a period of consolidation after five difficult more

20 mai 2013

Retailer Cora, controlled by French-Belgian group Louis Delhaize, expanded its chain from three to 10 hypermarkets between 2010 and 2012, but this is not seen in sales, which have been stuck at around more

9 mai 2013

No sooner had Porsche Aviatiei showroom in Bucharest closed at the end of April, than information and even pictures surfaced on the real estate market related to the future office building Greek more

8 mai 2013

Real estate developer Raiffeisen Evolution will open the new Promenada mall in capital city Bucharest by the end of October. more

24 apr 2013

The ten largest law firms in Romania made EUR46.6 million in revenue last year and six of them posted lower revenue than in 2011, according to the law firm ranking compiled by ZF for the fifth edition more

12 apr 2013

The 20 years of entrepreneurship in Romania since the 1989 revolution have not been enough to create a generation of business people, with most entrepreneurs starting from scratch, with no financial more

10 apr 2013

Alpha Bank has taken over the Doamna Ghica Plaza residential complex in Colentina (northeastern Bucharest), developed by a Slovenian group and several local investors, among which bankers and lawyers. more

8 apr 2013

The last four years saw more insolvencies announced than new investments started, and going insolvent most often means bankruptcy and liquidation. more

8 apr 2013

Popovici Nitu & Asociatii law firm, one of the largest on the Romanian market, recorded a 10% rise in gross revenue against EUR12.8 million in 2011, thanks to a stable portfolio of clients and by more

5 apr 2013

Ali Ergun Ergen, a Turkish executive who has been involved in the development and running of three of the first four malls built in Bucharest, has taken an advisory role for the Coresi project that more

3 apr 2013

Two thirds of the major real estate assets – malls and office buildings – in Romania are for the moment held by financing banks, reveals a ZF analysis. more