08.25.2014

The former shopping center Armonia in Braila, closed in 2009 after a EUR45 million investment and nine months in business due to poor sales, will most likely be turned into a production facility by an more

08.14.2014

Property firm Atrium European Real Estate said Thursday its net rental income from the Militari Shopping Center in Bucharest fell 12.3% to EUR3 million in the first six month, due to difficulties more

07.31.2014

Prodplast Imobiliare, through which Romanian businessman Florin Pogonaru is developing a shopping center in the Obor area, plans to launch a bond issue of maximum EUR10 million. more

07.31.2014

Romanians spend on average EUR3 during a consumer goods shopping session, two times less than Hungarians or Poles and ten times less than the French, Swedes or Italians. Against the French, though, more

07.29.2014

Only two of the shopping centers under construction, namely Bucharest-based Vulcan Value Centre and Targu Jiu Shopping City, both developed by South-African investment fund New Europe Property more

07.16.2014

Shopping center owners find it hard to fill 130 stores as the number of retailers boasting nationwide coverage is small and a large part of them are not expanding at the moment, says Tatian Diaconu, more

07.03.2014

French-held retailer Auchan has reached an agreement to buy 12 hypermarkets and shopping galleries in Romania located in Bucharest, Timisoara and other eight cities. The deal amounts to about EUR280 more

06.12.2014

Romania’s capital city is the most productive market for owners of shopping centers, followed by Cluj, Iasi, Constanta and Timisoara. more

06.10.2014

Shareholders of Unirea Shopping Center (SCDM.RO) decided to take a loan between EUR40 million and EUR45 million for investments in the two shopping centers it owns in Bucharest and Brasov, compared more

06.04.2014

The occupancy rate of Coresi shopping center reached 75% nine months before opening, which is scheduled for March 2015, while the company is currently negotiating the rest of the spaces. more

05.29.2014

Romania’s Unirea Shopping Center (SCDM.RO) Thursday said its net profit fell almost fivefold on the year in the first quarter, hurt by higher costs and a 2.6% decline in sales. more

05.15.2014

The modern retail stock remained unchanged at 1.66 million square meters in Romania as no retail projects were inaugurated in the first quarter of 2014, while only two projects (62,000 sqm) are more

05.13.2014

Location, location, location - why Romania? more

05.07.2014

Sales of shopping centers in Romania are expected to grow nearly 3.5% in 2014, in anticipation of slightly higher salaries and lower prices, but the political instability might have a negative impact, more

05.05.2014

Romania’s Unirea Shopping Center (SCDM.RO) wants to take out a bank loan of up to EUR70 million for investments planned on the two shopping centers it holds in Bucharest and Brasov. more

04.29.2014

More than one third of shopping malls in Romania needs upgrade works that would cost more than EUR200 million, according to real estate consultancy firm Immpuls. more

04.14.2014

Nearly 85% of Romanians in urban areas will spend Easter at home with family and friends and will spend an average RON359 on Easter shopping, according to a survey by MEDNET Marketing Research Center. more

03.25.2014

Romania represents a huge opportunity for British online retailers, but consumers and companies have limited access to transborder online transactions, Esther Blythe, Great Britain's Deputy Ambassador more

03.24.2014

Over half of Romanians who shopped online over the last six months paid less than EUR100 on the most expensive product or service they purchased, according to a survey conducted by Daedalus Millward more

03.21.2014

Israeli-owned real estate developer Globe Trade Center (GTC), which developed a network of four shopping centers in Romania under the Galleria brand, said it cannot sell the Galleria Buzau and more

03.04.2014

At present, 15 large shopping centers and 25 hypermarkets are operational in Bucharest, but retailers and real estate developers believe the market is not well covered. Thus, in mid-February, seven more

02.21.2014

Seven real estate groups, three of which are Romanian-held, in 2013 generated revenue of almost EUR315 million from operating the malls or office buildings they own, up 12.3% year-on-year, according more

02.19.2014

Bebe Tei, the first children’s products supermarket opened in Bucharest, has boasted higher-than-expected results since launch last April until present, says Dragos Vladu, one of its shareholders. more

02.07.2014

The stores in the Baneasa Shopping City in northern Bucharest posted EUR200 million sales last year, after a new 5% increase, says George Argentopoulos, the manager appointed to run the mall more than more

01.27.2014

The largest ten shopping centers in Bucharest, which cumulate a lettable area of more than 500,000 square meters, attract almost 300,000 visitors and sell EUR3 million to EUR4 million worth a day, more