07.10.2013

Eleven shopping centers in Romania went insolvent or ceased activity and constructions on ten other shopping mall projects were halted after investing millions of euros already, which do not include more

07.09.2013

Bucharest’s shopping centers Sun Plaza, Plaza Mall and Cocor registered aggregate loss of EUR27.5 million last year, higher than the combined profit of Baneasa Shopping City, Cotroceni Park, Unirea more

06.14.2013

The Bucharest Court admitted Thursday an insolvency request filed by Bel Rom Sapte, the firm through which Belgian group BelRom developed a shopping park in Foscani, eastern Romania. more

06.07.2013

Shopping center Cocor in central Bucharest, which in 2010 sought to establish itself as a luxury shopping destination after an almost EUR25 million renovation, is now looking to reposition itself as a more

05.30.2013

Romania’s Unirea Shopping Center (SCDM.RO) registered turnover of 19.9 million lei (EUR4.6 million) in the first quarter of 2013, slightly down on the year, while its profit climbed 3.6 times to more

05.27.2013

More than half of Romanian households have shopped at discount stores at least once, and the average shopping frequency in such stores is twice a month, according to a GfK Romania survey released more

05.01.2013

Romanians spent EUR750-850 million on shopping in modern retail chains in the month before Easter, according to ZF estimates based on market data. more

04.29.2013

Romania’s Unirea Shopping Center (SCDM.RO) registered 5.4% higher turnover to 82.8 million lei (EUR18.6 million) and 66% higher profit to RON5.8 million on the year in 2012. more

04.16.2013

A higher smartphone penetration rate would trigger an increase in purchases via mobile devices, Ian Carrington, director mobile solutions at Google UK, said Tuesday at the conference ZF Mobilio. more

04.16.2013

French-owned retailer Carrefour Romania has opened an online hypermarket, currently in its beta version, providing online shopping and home delivery to capital Bucharest and surrounding areas. more

04.12.2013

Kaufland, the largest retailer in Romania, plans to open stores in the local malls after having preferred standalone stores or stores in retail parks, sources close to the company say. more

03.13.2013

Property firm Atrium European Real Estate on Wednesday said its net rental income from retail park Militari Shopping Center in Bucharest declined 2% to EUR6.4 million on the year in 2012, due to more

03.12.2013

Israeli-held real estate developer GTC bought a minority shareholder out of three Galleria malls for EUR1. more

02.04.2013

Representatives of Era Shopping Park in Iasi (northeastern Romania) are negotiating with Swedish furniture retailer IKEA the opening of a store, and the deal is likely to be concluded this year, more

01.24.2013

Israeli-owned real estate developer Globe Trade Center (GTC) and a prospective buyer of three shopping centers in Romania have decided to cancel the transaction. 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

01.04.2013

Shopping center Grand Arena in southern Bucharest went insolvent at the end of last year as a result of the petitions of three construction companies. “We don’t owe a single leu,” say the owners more

12.07.2012

Echo Investment, controlled by billionaire Michal Solowow, the third richest man in Poland, has announced the start of works on the EUR100-million Korona Brasov mall, for which it bought land in the more

12.06.2012

Unirea Shopping Center in Bucharest will be connected to the most transited subway station of the city via an underground shopping gallery. more

11.27.2012

Romania’s Unirea Shopping Center (SCDM.RO) on Tuesday said its turnover rose 9% to 61.6 million lei (EUR13.9 million) and its profit surged 60% to RON1.6 million (EUR365,000) on the year in the more

11.26.2012

The malls own by Romanian businessman Iulian Dascalu recorded a cumulated turnover of almost EUR40 million in the first nine months of the year. more

11.02.2012

Israeli-owned real estate developer Globe Trade Center (GTC) on Friday said it plans to sell to an international private investor three of the shopping malls it owns in Romania for an estimated 6-7 more

11.02.2012

Romanians spent 197 lei (EUR44) every time they shopped in a hypermarket last year. Hypermarkets remain consumers’ favorites when it comes to a high shopping volume, the so-called weekend shopping. more

10.15.2012

Italian company Immobiliare Grande Distribuzione (IGD) will invest EUR12 million in modernizing the 15 Winmarkt shopping centers it owns in Romania, and plans to sell one of them and an office tower more

09.25.2012

Only one mall is expected to open on the local market by yearend, the Ploiesti Shopping City, an investment of EUR65 million. more