06.03.2024

Average price of old three-room apartments in Bucharest reached EUR107,300 in May 2024, up from the EUR106,400 in April 2024, the real estate index compiled by ZF and real estate consultancy SVN more

03.17.2022

Real estate developer Hagag Development Europe, part of Hagag Group of Israel, continues its expansion plans in Romania and acquires an old office building located on 5-7 Vasile Lascar Street, near more

04.06.2021

Prices of old three-room apartments in Bucharest went up by EUR150 or 0.15% to EUR98,850 on average in March compared with February, real estate consultant SVN Romania data show. more

06.10.2020

Lithuanian Apex Alliance Group, held by several Lithuanian entrepreneurs, including Nerijus Numavicius, deemed the richest man in Lithuania, will be opening the Moxy Bucharest Old Town hotel (a more

03.21.2018

Adidas, one of the largest sporting goods manufacturers in the world, closed the store it opened in Bucharest’s Old Town seven years ago, without commenting on the decision. The few retailers more

07.01.2016

The average price of old apartments in capital city Bucharest rose to EUR79,650 in June 2016 from EUR78,400 a month ago, which translates into an increase of 1.59%, or EUR1,250, according to ZF’s more

02.01.2016

The Lithuanian investors who own the four-star Europa Royale Hotel at the entrance to Bucharest’s Old Town are investing in a new hotel in the area, near Romania’s central bank headquarters, more

12.03.2015

Six of the best known hangouts in Bucharest’s Old Town, including the City Grill restaurant on Lipscani Street, the Biutiful bar and Club Fire, closed last week, once President Klaus Iohannis more

10.27.2015

Representatives of local carmakers Dacia and Ford on Tuesday said Romania has too many old cars, despite the government-backed cash-for-clunkers program, and they keep adding to air pollution levels more

04.06.2015

The average asking price of old three-room apartments in Bucharest went down in March for the first time since the start of the year, hitting an average of around EUR75,300, according to ZF real more

11.12.2014

Asking prices of old 3-room apartments in Bucharest dropped in October by 1.8%, or EUR1,350, to EUR74,500, according to ZF Real Estate Index compiled in partnership with real estate consultancy more

09.30.2014

Retail has come to take up one quarter of the over 300 spaces of Bucharest’s old town, an area still dominated by HoReCa units. more

02.20.2014

Sales of tequila, a drink that sold less than 20,000 liters on the Romanian market a decade ago, reached some 228,000 liters last year, up 43% compared to 2008, while most spirits categories saw more

02.17.2014

Bookstore chain Carturesti, held by local entrepreneurs Nicoleta Dumitru and Serban Radu, has rented one of the buildings that used to house the Chrissoveloni Bank on the Lipscani Street, in more

01.28.2014

The bars with the highest sales in Bucharest’s Old Town each make more than EUR1 million revenue a year, three or four times more than the average. more

12.12.2013

Turkish fashion retailer Koton, which has four stores in Bucharest, has bought a 1,200 square meter building in the city’s Old Town for EUR4.5 million from an Irish businessman, sources close to the more

12.10.2013

A Dutch investor has bought the building of the former Bucuresti department store, one of the most important retail destinations in Bucharest before 1989, from the heirs of the founders for more than more

11.27.2013

Less than a decade ago, Bucharest’s Old Town was a place of derelict buildings, homeless people and stray dogs freely roaming the streets. Now some 200 bars, restaurants and coffee shops populate more

10.22.2013

More than 107,000 cars older than ten years have been registered in Romania since the beginning of the year. more

07.08.2013

Bucharest’s Old Town, the top destination for those going out in the city, which has been growing spectacularly in the last few years despite the economic crisis, “slipped into a mild more

06.27.2012

Lithuanian-held developer Europa Group has completed a EUR12 million investment in Europa Royale, a luxury hotel in the Unirii area of Bucharest (center of the city). more

11.02.2011

Bucharest’s historic center is dominated by restaurants, coffee shops and bars, which occupy more than half the available spaces, whereas fashion stores, which tend to dominate the centers of the more

06.07.2011

The 57 hectares of land that accommodate Bucharest’s old town can be valued at around EUR1 billion, based on the average price of EUR1,500 to 2,000 per square meter in the area, but the number of more