08.06.2021

The Global City office space complex, included in the portfolio of real estate investment company Arion Green, was awarded the WELL Health-Safety rating, which is the latest assessment standard of the more

07.20.2021

Builder Bog’Art via its development company Art Property and furniture maker Mobexpert bought two plots next to OMV Petrom’s Petrom City site in northern Bucharest in a EUR20 million deal, real more

07.06.2021

Superbet, the largest sporting bets operator in Romania, with over 1,000 agencies across the country, has opened a new location within the City Gate project in Bucharest in a transaction assisted by more

06.23.2021

Michele Nusco, the Italian entrepreneur who owns door maker Pinum and real estate developer Nusco, plans to deliver at least 300 apartments a year in Pipera, northern Bucharest, over the next ten more

06.18.2021

City Grill, one of the leading actors on the restaurant market in Romania, has bought minority stakes (49%) in two restaurant businesses – Maison des Crepes and Aubergine, in a EUR1 million more

06.17.2021

BRD, the third largest lender in Romania by assets, has started relocating part of its support departments and its BRD Finance divisions from two separate locations in Bucharest to the City Offices more

06.02.2021

Construction company Bog’Art, held by businessman Raul Doicescu, has started works on Art City, a real estate project worth EUR20 million located in northern Bucharest and due for completion in more

05.24.2021

Real estate developer City Garden is investing over EUR16 million in developing a residential complex in Pipera (northern Bucharest) which will comprise 66 villas, a swimming pool and a fitness club. more

04.21.2021

KMG Rompetrol, the management and support division of KMG International Group, has extended its lease until the end of 2026 for offices in the City Gate compound in northern Bucharest. more

04.19.2021

Consumer spending rose a lot in small cities of less than 50,000 people in the first two months of 2021 compared with the year-ago period, so sales of food, personal and household care products went more

04.14.2021

Dragos Petrescu, the founder of City Grill restaurant group, has taken over the management of the Romanian Business Leaders (RBL) organization, which brings together over 500 Romanian entrepreneurs, more

04.06.2021

Vivendi International Group has sold City Insurance Romania, the largest insurance company on the local market, to I3CP, a global investor based in the Netherlands, the insurer said in an announcement more

03.31.2021

Baneasa Developments, which operates Baneasa Shopping City in northern Bucharest, reported a 31% drop in turnover and its profit halved in 2020, a tough year for retail as malls were closed during a more

03.11.2021

Romanian Bega Group, owned by Marius and Emil Cristescu, opened the new ibis Timisoara City Center hotel at the beginning of March, following an investment of EUR10 million. more

02.12.2021

Baneasa Shopping City, the mall in northern Bucharest operated by Baneasa Developments, plans to stay fully rented in 2021 and has adjusted the way it calculates rents accordingly, by lowering them. more

01.26.2021

Romania's financial supervisory authority has fined members of the management and supervisory boards of City Insurance, the biggest insurance company on the local market, a total of RON3.8 million. more

01.14.2021

Bucharest general mayor Nicusor Dan said Thursday the city hall intends to acquire state-owned thermal power producer Electrocentrale Bucuresti (ELCEN), which is the capital city's heat supplier. more

11.25.2020

Lawyers of PeliPartners law firm have assisted real estate developer Jupiter Group throughout the process of selling Jupiter City Shopping Center to Austria’s private real estate company Supernova. more

11.25.2020

Nusco Imobiliara, a real estate developer held by the Nusco Family, has started a new residential project in Bucharest’s Pipera area, where it also has the Pinum showroom and a door factory. more

11.19.2020

Jupiter Group has reached an agreement with Austrian Supernova Group for the latter’s first acquisition on the Romanian market, namely, the Jupiter City Shopping Center located in the city of more

10.05.2020

Real estate developer Forty Management has reached an agreement with Butan Gas Romania to acquire a land of approximately 40,000 square meters located in the Straulesti area in Bucharest, for an more

08.03.2020

Baneasa Shopping City, located in northern Bucharest and managed by the company Baneasa Developments, has announced the opening of a Hugo Boss store in October 2020, as part of a strategy aimed at more

07.24.2020

French-held L’Oreal Group has opened an YSL monobrand store within Bucharest-based shopping mall Baneasa Shopping City. The store sells perfumery, make-up products and skin care products. more

06.17.2020

The ibis Styles Bucharest City Center hotel will open on June 22, following an investment of EUR10 million. This is the second hotel project of Dentotal group, owned by the Dogariu family, which also more

06.16.2020

Real estate investment firm Arion Green bought in May the Global City Business Park office compound in the Pipera area, northern Bucharest, from investment fund Global Finance. more