10.15.2012

Italian company Immobiliare Grande Distribuzione (IGD) will invest EUR12 million in modernizing the 15 Winmarkt shopping centers it owns in Romania, and plans to sell one of them and an office tower more

10.09.2012

Romania is rated 9th globally amongst preferred destinations for investments in projects targeting customer contact centers over the period between 2008 and 2012, which created nearly 11,500 jobs on more

09.25.2012

Only one mall is expected to open on the local market by yearend, the Ploiesti Shopping City, an investment of EUR65 million. more

09.21.2012

Telus International, a provider of outsourcing services, signed a deal to buy the controlling interests in Call Point New Europe last week, thus entering Romania’s call center market on which the more

09.18.2012

Polish real estate developer Echo Investment said Tuesday it will soon start the construction of shopping center Korona in Brasov, central Romania. more

09.11.2012

Israel-based Ceragon Networks opened a telecom research and center in Bucharest, in which it invested over $1 million, general manager Ira Palti told a news conference Tuesday. more

08.23.2012

Romania’s Unirea Shopping Center (SCDM.RO) ended the fist half of 2012 with sales of 41.4 million lei (EUR9.2 million), up 10% on the year, while its profit dropped 32%, to RON1.8 million. more

08.07.2012

Liberty Center in capital Bucharest has been auctioned off Tuesday for EUR60 million and the buyer is firm Rosequeens Properties, owned by Rosequeens Properties Limited, registered in Cyprus. more

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