05.19.2013

Real estate developer AFI Europe has received its building permit for a second mall in Bucharest, for which works are slated to start this year or early 2014, and the developer also plans to build a more

05.15.2013

Credit Europe Bank Romania has appointed its chief control officer Mirela Bordea as interim CEO after Omer Tetik left the bank to take on the CEO position at Banca Transilvania (TLV.RO), the bank said more

03.13.2013

Real estate developer AFI Europe Wednesday reported net operating income from AFI Palace Cotroceni mall in Bucharest rose to EUR26.9 million in 2012, from EUR24.6 million a year before, fueled by a 9% more

03.01.2013

AFI Park 1, the first office building finished by Israeli developer AFI Europe in Bucharest, has reached an 85% occupancy rate, after five new leasing contracts were signed. more

01.22.2013

Users of Visa cards made 23.6% more transactions directly of the traders in Romania last year, accounting for 41% of all transactions, while the amount spent increased 23.5%, Visa Europe said Tuesday. more

01.18.2013

Credit Europe Bank Romania may launch an issue of corporate bonds worth 250 million lei (EUR57.73 million) in 2013, to finance and develop the portfolio of long-term loans, according to the daily more

01.15.2013

Shopping center developer AFI Europe said Tuesday it obtained financing of over EUR30 million from Raiffeisen Bank International Group to complete a shopping center project in Ploiesti, southern more

10.30.2012

The growth of KLG came in 2012 from new clients, as many companies cut back on the storage space. Even so, the logistics and distribution company plans to build two new warehouses in Romania, as well more

09.27.2012

Real estate developer AFI Europe Romania plans to complete, on short-term, the shopping centers in the southern town of Ploiesti, Bucharest-based Bucurestii Noi and western town of Arad as well as more

09.05.2012

OMV Petrom (SNP.RO), the largest company on the Romanian market, lost two positions in the ranking of the top 500 companies in Central and Eastern Europe, shows research conducted by consultancy firm more

08.20.2012

Real estate developer AFI Europe Romania on Monday said it received the permit needed to build a hypermarket and a do-it-yourself store within the retail park it plans to develop in Arad, western more

07.04.2012

Attracting funding is currently the main problem for private equity funds in the region because investors in the US and in Western Europe are no longer interested in South Eastern Europe. more

04.25.2012

French group AEW Europe will not buy new properties in Romania this year as there is a lack of funding on the market, and will focus on consolidating the two real estates it owns locally, which more

04.05.2012

Real estate developer AFI Europe will soon start construction on a mall in southern Romanian town Ploiesti, 60 km north of Bucharest, with a completion deadline set for the second half of 2013. more

03.19.2012

Realty developer AFI Europe collected EUR23.85 million last year from rents in the AFI Palace Cotroceni mall in Bucharest, roughly similar with EUR23.7 million in 2010, according to the company’s more

03.16.2012

Lawyer Sorin David, managing partner of law firm D&B David si Baias, believes investors will start looking again more carefully at Eastern Europe as the labor costs in Asia continue to rise. Romania, more

02.21.2012

David Hay, who has been running the Romanian subsidiary of AFI Europe for almost a year, has a clear target for the next two years: the local portfolio should reach four shopping centers and “a more

02.07.2012

Developer AFI Europe, member of AFI Group, received funding worth EUR13.4 million from UniCredit Bank Austria, to develop the first of five buildings within the AFI Business Park Cotroceni project in more

01.11.2012

Romania ranks second in the region in terms of kilometers of highway finalized last year (58 kilometers), behind Poland, which opened 217 kilometers of highway to traffic last year, according to a more

11.28.2011

Israeli developer AFI Europe collected EUR17.3 million in the first nine months from renting out Bucharest mall AFI Palace Cotroceni, compared to EUR17.7 million in the same interval of 2010. more

11.16.2011

New registrations of Romanian carmaker Dacia in the European Union declined 5.7% in January-October, to 202,466 units, and its market share dropped to 1.8%, but picked up again in October, the more

10.24.2011

European leaders failed to find a solution on Sunday and postponed all decisions for Wednesday. President Basescu’s statements upon his departure for Brussels create fears: the cost of Romania’s more

10.19.2011

The European Bank for Reconstruction and Development recently bought a minority stake, for EUR3 million, in Bulgarian firm CallPoint New Europe, which has call center operations in Romania as well. more

06.21.2011

The first building of the AFI Business Park Cotroceni office project will be delivered by developer AFI Europe in summer next year, according to property consultants The Advisers/Knight Frank, more

06.21.2011

Pharmaceutical company Bristol-Myers Squibb Romania will move its central headquarters to Bucharest’s Europe House, where it has rented 930 sqm, according to real estate firm DTZ Echinox, broker of more