05.09.2023

Luxury watch retailer EraVault has opened its first store in Bucharest, in a EUR250,000 investment. more

10.25.2022

Prada last week opened a second plant in Sibiu, while Moncler is building its second production unit in Bacau. more

10.07.2022

Guerlain, a brand active on the luxury perfumery and cosmetics market, will open its first single-brand boutique in Romania. Until now, the brand has been available locally only via distributors so more

09.22.2022

Romanian company Certion, which develops real estate projects in local seaside and mountain resorts, launches the real estate partitions, a concept initiated in the United States of America in early more

02.21.2022

Italy’s fashion group Moncler, active on the luxury segment, plans to develop a new plant in Romania, where it will hire 300 people, and also to build a kindergarten for employees’ kids. Total more

01.19.2021

Revenue of the luxury hotels in Romania halved to 57 million lei due to the pandemic in 2020, market research company Euromonitor data show. more

10.08.2020

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07.21.2020

Sotheby’s International Realty Affiliates announced Tuesday that Artmark Historical Estate in Romania is the newest member of its global network and will now operate as Romania Sotheby’s more

02.28.2020

The luxury perfume, makeup and personal care product segment grew by more than 20% last year, twice faster than the rest of the market. The luxury market is seeing the fastest growth, after all. more

01.13.2020

Sales of luxury cars saw their best year in a decade in 2019, as brands added SUVs and new sedans to their portfolios and the economy went through its eighth year of growth in a row. more

12.11.2019

More than 70 cars with a price tag of over EUR200,000 were registered in Romania in the first eleven months of the year, according to the Driver’s License and Vehicle Registration Department more

07.25.2019

Diana Sucu, wife of businessman Dan Sucu, expects the luxury furniture business she owns to post 20% growth this year. Her business sells three luxury furniture brands in Romania – Ethan Allen, more

06.11.2019

The average price of ultra-premium properties reached the highest level per square meter for a housing unit, namely, EUR4,170, way above the level before the period of the real estate boom, as per a more

05.10.2019

Demand for premium and luxury apartments is making more and more developers invest in such projects where an apartment costs at least EUR2,000 to EUR3,000 per square meter or even more. more

04.25.2019

The luxury home segment saw price decreases of 2% to 5% in some of Bucharest’s districts and more attractive offers are seen in northern Bucharest, in the city’s first, second and third districts, more

09.18.2018

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07.02.2018

The Louis Vuitton single brand store that opened in the shopping gallery The Grand of the JW Marriott Hotel a decade ago posted growth of 13% sales to 31.7 million lei (EUR7 million) in 2017, which more

05.10.2018

Luxury German brand Hugo Boss is returning to the Romania on the ground floor of the five-star Radisson Blu Hotel in Bucharest, as a franchise held by entrepreneur Adrian Antonio Gica. He is also one more

05.07.2018

Real estate developer HAGAG Development Europe, which is currently developing a residential project in Pipera area, wants to develop two new luxury apartment projects on Bucharest’s Calea Victoriei more

04.06.2018

The local luxury fashion market is going through a new time of reconfiguration, with a series of store openings and closures by big names with several years of presence in Romania. more

12.07.2017

The local economy’s growth of 7% in January-September and of 8.8% in the third quarter is showing in the showrooms of the luxury car brands in Bucharest, where sales are on the rise and customers more

11.30.2017

Developer One United Properties of Andrei Diaconescu and Victor Capitanu, two of the founders of boutique investment firm Capital Partners, has teamed up with Octavian Avramoiu, manager of SIF more

10.13.2017

One in five lei local consumers spend on luxury cosmetics goes to online stores, market data show. Romanian consumers spend about EUR83 million on premium and luxury perfumes, makeup and care products more

09.09.2016

Sales of luxury housing units increased over the last five years, accounting for 5% of the overall real estate market, considering that prices remain significantly lower than in 2008. more

09.30.2015

Expats’ demand for luxury apartment rentals in northern Bucharest rose this year by 7% on the apartment segment and by 5% on the villa segment, according to a study by real estate group Nordis. more