09.23.2021

Oradea City Hall and Bihor County Council are poised to set up an airline that will operate flights between Oradea and Bucharest, but also to other European cities, with the first flight scheduled for more

09.21.2021

Mercedes-Benz Trucks&Buses Romania will deliver 40 eco-friendly buses, running with compressed natural gas, to Sibiu City Hall, under a contract worth RON77 million (EUR15.7 million). more

09.17.2021

Romania’s Financial Supervisory Authority (ASF) on Friday evening announced it would start bankruptcy proceedings against City Insurance, the largest auto liability (RCA) insurance provider in the more

09.09.2021

Dutch investor I3CP wants to continue talks to buy insurer City Insurance, says its representative Matt Fairfield, even though Romania’s financial regulator ASF announced it had not provided the more

08.27.2021

Dutch-based company I3CP said that on August 25 it subscribed to all newly issued shares for the share capital increase of Romanian insurer City Insurance, which was approved by the insurer’s more

08.10.2021

Local furniture manufacturer and interior design consultant Theta has leased 1,000 square meters in the City Gate office buildings and will relocate its central office and showroom there by March more

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