05.26.2017

Romania is one of the best and most dynamic markets in the region for low-cost airline Wizz Air, the local market leader, which will continue to expand its operations on the Bucharest airport and on more

04.05.2017

The office space project built especially for Renault group in western Bucharest will be developed by Globalworth and Ioannis Papalekas, after the real estate company bought 50% in Elgan Offices, the more

03.31.2017

Nord-Est (North-East), Oltenia and Muntenia are among the 15 poorest development regions by GDP per capita in 2015, according to Eurostat data published on Thursday. more

03.30.2017

French-held Coface, one of the leading credit insurance groups in the world, has chosen to expand presence in Romania by opening an IT center in Bucharest at the beginning of April and plans to hire more

03.24.2017

Romania must make efforts to enable navigation on the Danube throughout the entire year, Karla Peijs, European coordinator of the Rhein-Danube Corridor says, adding “it is cheaper to make the Danube more

03.17.2017

The Tiriac Group of billionaire Ion Tiriac will soon begin new residential projects in Bucharest, and in the major cities in Romania, where the real estate market is on the rise. more

03.09.2017

Eight cities in Romania (Bucharest, Timisoara, Iasi, Cluj, Sibiu, Brasov, Galati and Craiova) have almost 110,000 employees working in more than 120 companies that provide business services, Invest more

01.25.2017

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12.05.2016

The development of Bucharest in the past few years has mostly focused on office buildings in the north of the city in Pipera and Barbu Vacarescu, along with tens of thousands of new homes in the south more

11.18.2016

Financial group ING plans to hire more than 200 IT specialists in the next two years to staff its software development center established in Romania last year. ING Software Development Center should more

11.17.2016

Xodus Group will provide base engineering activities for offshore and onshore exploitation installations for the start of production for the Ana and Doina gas discoveries in the Midia block in the more

10.12.2016

Oasis Retail & Development Consulting, which has been operating on the Romanian real estate market for 14 years, will start the construction works for Prima Shops retail park in Oradea, northwestern more

09.15.2016

Romanian aluminum producer Alro Slatina (ALR.RO) is acquiring three research-development (R&D) equipment within a EU-funded project worth over RON115 million. more

09.08.2016

The deal whereby eMag, the largest local online retailer held by South Africa’s Naspers group, will take over rival PC Garage and strengthen its leading position on its market is still under review more

09.08.2016

Furniture manufacturer Elvila, of businessman Viorel Catarama, is already making development plans for 2017, as sales returned to growth last year after six years and the trend continued in the first more

08.03.2016

Real estate company Primavera Development will build a shopping center in central Romanian city of Sibiu, which is scheduled to be opened in the second half of 2018. more

06.03.2016

Over 50% Of Romanian companies plan to increase investments in research and development in the next 12-24 months, compared with last year, while 63% want to spend more in the next three to five years, more

03.14.2016

The Platinia residential project that businessman Sile Puscas is developing the former site of the Ursus brewery in Cluj-Napoca (NW Romania) will be completed by December, following an about EUR40 more

02.26.2016

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02.22.2016

The Floreasca-Barbu Vacarescu area (connecting central to northern Bucharest), home to almost 15% of the office space in Romania’s capital city, is the busiest office space construction site, with more

02.17.2016

Sweden’s Ikea plans to build the largest real estate project in northern Bucharest on a 48-hectare plot it bought from a Romanian entrepreneur. The new project will include both apartments and more

02.05.2016

Italian Nusco group, held by the family by the same name, is developing two residential projects in Romania. This is the latest bet of the group, which also operates on the office space market and in more

02.04.2016

Alpha Bank, a top ten lender in Romania by assets, has set up its own real estate division to develop residential projects. The bank is thus trying to recoup some of the money invested in such more

01.25.2016

OMV Petrom (SNP.RO), the only local oil and natural gas producer, intends to complete the Petrom City project in Straulesti, northern Bucharest, where it moved more than 2,500 employees in 2010, but more

01.06.2016

Regional investment fund SIF Moldova (SIF2.RO), which manages 1.5 billion lei (EUR337 million) assets, plans to start developing a residential complex on one of the plots of the former textile mill more