10.07.2015

The ten largest cities in Romania concentrate half of the modern retail stores in the country. Bucharest is clearly dominated by Mega Image, while the rest of the country is Profi’s turf. more

09.24.2015

South-African investment fund New Europe Property Investments (NEPI) is opening Shopping City Deva on Thursday, following EUR14 million investments in expansion and modernization. more

08.31.2015

The revenue of the companies registered in Bucharest taken together has dropped 37% to 433 billion lei (EUR98 billion) the past seven years, so the capital city now accounts for only 37% of the total more

06.24.2015

Israeli-held Shikun & Binui and Red Sea Group, the developers of the City Point residential complex in Aviatiei area in northern Bucharest, plan to build about 1,800 apartments on a plot of land more

05.07.2015

South-African real estate investment fund NEPI (NEP.RO) has invested EUR40 million in expanding by 21,000 square meters the rentable area of shopping center City Park Mall in southeastern of more

05.06.2015

Baneasa Developments, the company controlled by local businessmen Gabriel Popoviciu and Radu Dimofte which operates the retail area of the Baneasa real estate project in northern Bucharest, ended 2014 more

04.28.2015

The city of Bucharest plans to raise up to 2.2 billion lei (EUR500 million) in several bond issues to fund the repayment of a 10-year bond that falls due in June, market sources told Mediafax. more

04.06.2015

Real estate compound Green City, developed by Green City Construct, controlled by businessman Dumitru Bucsaru, was put up for sale by its legal administrator, for EUR20 million, while CEC Bank is its more

04.03.2015

Philips Lighting, the lighting systems division of the Dutch group Philips, and telecommunications equipment supplier Ericsson are in talks to install ‘smart poles’ in cities, i.e. street lighting more

03.27.2015

Preparations for the biggest leu-denominated bond offering on the local capital market have entered the finishing straight: the prospectus is almost ready and subscriptions are likely to start in one more

02.16.2015

Stores in Baneasa shopping center saw sales stall at EUR205 million last year amid stable traffic, Georgios Argentopoulos, the chief executive officer of Baneasa Developments, the company through more

01.23.2015

The debts of real estate project Pipera City, which went insolvent in 2012, total 340 million lei (EUR75.5 million), out of which lender Bancpost will have to recover over RON102 million, accounting more

12.03.2014

Sorin Scintei, the manager who has run for almost six years City Park mall of Constanta, will take over the position of general manager of shopping center Mega Mall South-African group NEPI is more

11.27.2014

Two syndicates, one comprising BCR-BRD and the other Raiffeisen Bank, Banca Transilvania and Japanese Nomura bank have submitted bids for assisting the Bucharest City Hall with the issuance and sale more

11.12.2014

The city of Bucharest plans to issue leu-denominated bonds to fund the repayment of its EUR500 million Eurobond that falls due in 2015, according to an auction announcement. more

11.05.2014

Businessman Ovidiu Sandor, developer of office projects City Business Center in Timisoara and The Office in Cluj, will complete the fifth building in Timisoara-based office project next summer, namely more

11.05.2014

The Benevo Group is in talks with French retailer Carrefour for a hypermarket in the Victoria City shopping center, developed on the site of the former Textila Dacia plant in northwestern Bucharest, more

10.15.2014

South-African investment fund New Europe Property Investment (NEPI) Thursday will open Shopping City Targu-Jiu in southwestern Romania, following EUR30 million investments, the second project of this more

09.26.2014

Two investors that have built and sold about 1,500 homes in Popesti Leordeni, south of Bucharest, in the last five years have struck a deal to buy the site of Policolor paint plant on Theodor Pallady more

09.16.2014

George Argentopoulos, the chief executive officer of the company managing the Baneasa Shopping City project in northern Bucharest, says he did not see any rise in average spending in the first seven more

09.15.2014

Dragos Petrescu, one of the best-known entrepreneurs in Romania’s restaurant industry, will invest some EUR3 million to open a boutique-hotel in downtown Bucharest and refurbish Hanu’ Berarilor more

08.18.2014

Urban stress, crowding and insufficient income are putting increasingly more pressure on the generation aged 35 to 50, which is trying to escape such city dwelling burdens. more

08.12.2014

The development of the shopping center Victoria City on the site of the former Textila Dacia plant in Bucurestii Noi district in NW Bucharest is hazy, now that retailer Cora intends to drop the plans more

05.30.2014

Dragos Petrescu, who controls the City Grill restaurants and manages Caru’ cu Bere, said 15%-20% of the 10,000 clients visiting the group’s units on a daily basis are foreign tourists. more

04.29.2014

Cinema City, the largest cinema operator in Central and Eastern Europe, has reached a network of 16 multiplex centers in Romania after it opened the second cinema of the company in Ploiesti, in AFI more