09.10.2014

Prodplast Imobiliare, controlled by businessman Florin Pogonaru, will invest EUR60 million, including own funds, to develop Veranda Shopping Center in Bucharest, for which it estimates annual rent more

09.09.2014

Unirea Shopping Center (SCDM.RO) had a turnover of RON37.16 million (EUR8.3 million) in the first half of the year, down 3% on the year, while its net profit halved, to RON1.94 million (EUR434,500). more

08.28.2014

South-African investment fund New Europe Property Investment (NEPI) will open next week the shopping center Vulcan Value Center in the capital city, Bucharest, which is 95% leased, following EUR47 more

08.25.2014

The former shopping center Armonia in Braila, closed in 2009 after a EUR45 million investment and nine months in business due to poor sales, will most likely be turned into a production facility by an more

08.18.2014

German engineering group Siemens invested EUR4.5 million in a new research and development center in the Romanian city of Cluj-Napoca, which will operate under the brand of its subsidiary Evosoft, more

08.14.2014

Property firm Atrium European Real Estate said Thursday its net rental income from the Militari Shopping Center in Bucharest fell 12.3% to EUR3 million in the first six month, due to difficulties more

07.21.2014

Outsourcing solutions provider Computer Generated Solutions (CGS) opened its fourth support center in Romania, in Targu Jiu, where it will hire 100 people in human resources, administration, IT and more

06.26.2014

Sky Tower and Tower Center, Bucharest’s highest office towers, in 2013 generated total revenue worth just EUR2.4 million, though these projects should normally bring rent income worth around EUR12 more

06.12.2014

Romania’s capital city is the most productive market for owners of shopping centers, followed by Cluj, Iasi, Constanta and Timisoara. more

06.10.2014

Shareholders of Unirea Shopping Center (SCDM.RO) decided to take a loan between EUR40 million and EUR45 million for investments in the two shopping centers it owns in Bucharest and Brasov, compared more

05.29.2014

Romania’s Unirea Shopping Center (SCDM.RO) Thursday said its net profit fell almost fivefold on the year in the first quarter, hurt by higher costs and a 2.6% decline in sales. more

05.23.2014

Germany’s giant Allianz has rented out an office space of around 3,500 square meters in the Floreasca Park project, in northern Bucharest, in order to develop a global services center. more

05.20.2014

Austrian group Soravia Group has completed the conversion of the Starlight Suits hotel within Bucharest-based compound Metropolis Center into an office building, following an investment of EUR1.5 more

05.14.2014

The Liberty Center mall in southwest Bucharest district Rahova, an about EUR70 million investment completed at the end of 2008, is still ailing two years after its creditors, Alpha Bank, Eurobank and more

05.08.2014

Deutsche Bank has opened Thursday in capital Bucharest, following an investment of EUR10 million, a global technology center which will develop software applications for the German bank’s treasury more

05.05.2014

Romania’s Unirea Shopping Center (SCDM.RO) wants to take out a bank loan of up to EUR70 million for investments planned on the two shopping centers it holds in Bucharest and Brasov. more

04.28.2014

Turkey’s Bozlu group last week officially launched, in northern Bucharest, a cancer treatment center called Neolife, a EUR15 million investment, out of which EUR10 million went into medical more

04.09.2014

Piraeus Bank Romania Wednesday said it opened a business center in Constanta (southeastern Romania) which will serve small- and medium-sized enterprises (SMEs) operating in this county and in Tulcea, more

03.26.2014

Romania’s leading oil and gas company OMV Petrom (SNP.RO) will transfer part of its support services to a newly established service center which will provide support services to both Petrom and more

03.20.2014

Germany’s largest lender Deutsche Bank Thursday said it will inaugurate a global technology center in Bucharest by the end of June 2014, which will create software applications for the bank. more

03.06.2014

Electronic game developer King, the maker of Candy Crush Saga, one of the most popular games for Facebook and mobile, will move its Bucharest headquarters to Opera Center, where it rented a 1,700-sqm more

02.19.2014

Bebe Tei, the first children’s products supermarket opened in Bucharest, has boasted higher-than-expected results since launch last April until present, says Dragos Vladu, one of its shareholders. more

02.06.2014

Frozen products distributor Macromex announced Thursday that it will open logistics center Edenia Distribution Center in April this year, in Campia Turzii (northwestern Romania). more

01.27.2014

Farmexim group has opened a logistics center in Balotesti (Ilfov county) at the beginning of 2014, following an investment of over EUR16 million. more

01.27.2014

The largest ten shopping centers in Bucharest, which cumulate a lettable area of more than 500,000 square meters, attract almost 300,000 visitors and sell EUR3 million to EUR4 million worth a day, more