07.31.2012

The sales of stores in shopping center AFI Palace Cotroceni in Bucharest, owned by AFI Europe, rose by 9% in the first half to EUR91 million. Calculated in lei, the sales of the mall went up by 14% in more

07.26.2012

Management of Renault's technical center in Titu, the only vehicle testing facility in Romania, has been taken over by Anica Muntean, previously the center's technical director, who replaced Fabrice more

07.13.2012

Liberty Center, a shopping center in southern Bucharest, is being foreclosed and put up for sale through public tender, at a starting price of EUR60 million for unpaid debts to three banks. more

07.12.2012

The Romanian IT services market will rise this year on segments such as virtualization and data centers, despite the decline of the equipment segment, Bogdan Popescu, Global Technology Services more

06.13.2012

Four years ago, when the old Cocor store closed for an extensive upgrade program, it was over 90% rented and the average rent stood at EUR47 per square meter. Cocor Bucuresti (COCR.RO), which owns the more

06.06.2012

Romania’s Unirea Shopping Center (SCDM.RO) ended the first quarter of 2012 with sales of 20.46 million lei (EUR4.7 million), up 11.8% on the year, and profit of RON809,000, down 73.7%. more

05.31.2012

Romanian realty developer Iulius Group, owned by businessman Iulian Dascalu, will open Thursday multifunctional commercial compound Palas Iasi, following an investment of EUR265 million financed by more

05.24.2012

Germany’s utility E.ON plans to open a new business service center in Cluj-Napoca city, northwest Romania, as part of a larger restructuring program aimed to cut costs and optimize services at group more

05.24.2012

Tower Center International, owned by Avrig 35, might be put up for rent this year, according to real estate consultancy firm CBRE Romania. more

04.27.2012

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

04.24.2012

The Romanian Tourism Ministry wants to organize an auction to buy IT services for an online staff training center targeting employees involved in tourism projects. more

04.20.2012

Romania’s Unirea Shopping Center (SCDM.RO) Friday said its net profit dropped 41.7% to 3.49 million lei (EUR0.79 million) in 2011, hit by the lingering effects of the global financial crisis. more

04.18.2012

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

04.10.2012

The Radacini group, controlled by businessman Ali Madadi, at the beginning of this month took over the former Opel and Chevrolet auto center from Gold&Platin, buying it directly from Credit Europe more

03.06.2012

Liberty Center, a shopping center in southern Bucharest, lost several tenants early this year, such as Marks & Spencer, Forever 18 and a Burger King restaurant that was closed. more

02.23.2012

Businessman Catalin Mahu, who owns the La Mama restaurant chain and Cafepedia coffee shops, will this year invest EUR700,000 in a music pub in Bucharest’s historical center more

02.01.2012

Genpact Romania, which provides Business Process Outsourcing (BPO) services continues expansion and looks to hire 400 people this year at service centers in Bucharest and Cluj. more

01.23.2012

The past ten years have seen the construction of 50 large business centers and of office buildings covering 10,000 square meters each, where over 100,000 employees of the largest banks and more

01.06.2012

Romania's National Contestation Resolution Council (CNSC) and Bucharest Court of Appeals have decided to cancel an auction held by the Romanian Lottery for the construction of an employee training more

12.29.2011

The mall market in Bucharest could resume strong growth next year when developers of six new projects with over 300,000 square meters of floor space plan to begin construction works. This would take more

12.08.2011

Inditex, the largest player on the local fashion market, with overall turnover of around EUR100 million last year, ends the year with Friday’s opening of the Stradivarius store on the ground floor more

11.24.2011

Investors bet over EUR350 million on new malls and the expansion of existing projects this year. Openings also show in the ranking of cities by retail area per capita. more

11.24.2011

Bucharest has the biggest malls in the country, the tallest office buildings, luxury hotels and famous parks like Herastrau and Cismigiu (north and center of the city). more

11.23.2011

SAP Romania launched Wednesday an IT consultancy center for the clients of German group SAP in Europe, the Middle East and Africa, and it plans an investment of EUR30-40 million in the unit. more

11.21.2011

The founders of Austrian real estate consultancy Krammer & Wagner, who brought tenants to shopping centers such as Bucharest’s Militari Shopping and Constanta’s Maritimo, said at least ten more more