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

04.01.2014

Banca Comerciala Romana, the largest Romanian bank, last year became the owner of the land plot on Calea Victoriei boulevard where is located Bucharest Financial Plazza, the tower that hosts its more

03.19.2014

Real estate developer Benevo, controlled by Canadian businessman Michael Topolinski, said it will start the construction of shopping center Victoria City in Romania’s capital city Bucharest in the more

02.13.2014

Bancpost is set to fund, by around EUR17 million, the transformation of City Mall shopping center into an office building, according to the report by Globalworth investment fund controlled by Greek more

02.07.2014

The stores in the Baneasa Shopping City in northern Bucharest posted EUR200 million sales last year, after a new 5% increase, says George Argentopoulos, the manager appointed to run the mall more than more

12.18.2013

South-African investment fund NEPI Tuesday concluded this year’s biggest transaction on the Bucharest real estate market, paying EUR81 million for shopping mall City Park in southeastern city of more

11.14.2013

Retailers hosted by shopping center Shopping City Ploiesti, which was opened in November 2012, registered sales of over EUR25 million over the past year, the mall said in a press release Thursday. more

09.20.2013

The opening in less than a month of the Promenada Mall in northern Bucharest will set off one of the biggest battles for clients in Romanian modern retail: the mall’s owner, Austrian Raiffeisen more

08.27.2013

Investment management fund City of London, the second largest shareholder of Fondul Proprietatea (FP.RO), has reduced its stake in the fund to 4.87% from 9.43% in September 2012. more

08.01.2013

Play zone operator Play Again&The Jack invested EUR1.2 million in a family entertainment center located in Shopping City Ploiesti, which was developed by South-African investment fund New Europe more

07.21.2013

Thomas Cook Neckermann plans to promote Romania’s capital Bucharest in Germany, UK, France and other countries as a city break destination in summer, when hotels are cheaper than the rest of the more

06.07.2013

City Insurance has increased its share capital by 29.03 million lei (EUR6.37 million) to RON75.88 million, by including last year’s net profit, the insurer said Friday. more

05.28.2013

Developing business parks on the outskirts of cities no longer makes sense and they should be replaced with multifunctional projects, considering that the new generations of employees desire more more

04.25.2013

Two U.S. groups, Elliott Associates and City of London Investment Management Company, are among the largest investors in Romania after having spent EUR400 million on Fondul Proprietatea (FP.RO) more

03.27.2013

Romania’s government approved Wednesday the merger of heating distributor RADET and thermal power producer ELCEN, people close to the matter told Mediafax Wednesday. more

03.06.2013

Shopping center City Mall in Bucharest will be turned into an office building by the end of the year. more

03.01.2013

Romanian businessman Dan Odobescu has acquired an 85.2% stake in insurer City Insurance through his company Vivendi International SRL. more

01.30.2013

Dragos Petrescu, one of the most notable entrepreneurs in the restaurant business, who owns City Grill, Trattoria Buongiorno and Hanu Berarilor, will close the City Grills restaurants in Carrefour more

01.29.2013

Romanian local governments that register arrears at the end of January 2013 will be obliged to reduce them by at least 85% in two months, otherwise the state treasury will limit payments from their more

12.17.2012

Bucharest’s sector 6 city hall wants to contract a credit line of up to 240 million lei (EUR53.8 million) to finance building thermal rehabilitation projects, and the capital’s sector 4 mayoralty more