18 apr 2017

Utility vehicle sales are a very good indicator of the state of the local economy and last year’s data show the market reached the highest level since 2009. It now only needs to break the record of more

12 apr 2017

The A3 highway and the section between the Bucharest Beltway and the Barbu Vacarescu area in the north of the city will be the hot spots for logistics hubs, especially for electronic commerce more

7 apr 2017

Ford Romania, the owner of the Craiova automobile plant, has officially announced it will hire 976 people to fill its staffing needs in order to begin production of the next generation of the small more

5 apr 2017

The office space project built especially for Renault group in western Bucharest will be developed by Globalworth and Ioannis Papalekas, after the real estate company bought 50% in Elgan Offices, the more

28 mar 2017

Draexlmaier, one of the largest German investors in Romania, which has more than 15,000 employees in the country at the moment, has announced it will close the production faiclity in Pitesti, which more

28 mar 2017

Honda Trading Romania, the local representative of the Japanese brand, has relied on multi-brand dealers for expansion throughout the country in the past three years, dropping those that only sold more

17 mar 2017

The Tiriac Group of billionaire Ion Tiriac will soon begin new residential projects in Bucharest, and in the major cities in Romania, where the real estate market is on the rise. more

3 mar 2017

The already existing infrastructure and the connection to Western Europe along with higher education institutions and already developed supplier network in Timisoara, Sibiu, Brasov and Oradea continue more

1 mar 2017

Michael Schmidt, the businessman who owns Automobile Bavaria group, will start his project to enter the hotel market in Romania this year with the construction of two hotels, one in Bucharest and one more

6 feb 2017

Brasov has become a new place of interest for retail developers who want to build new malls in the city. more

6 feb 2017

Greek-held BlueHouse Capital is in talks with UK’s Portland Trust to sell a plot of land near Romexpo complex (northern Bucharest), market sources say. The possibility of a joint venture is also more

2 feb 2017

The government must allow private investments in the buildings it owns to revitalize them and ensure they are used up to their full potential. One of the most feasible such projects is Gara de Nord more

27 ian 2017

The talks between Ioannis Papalekas, CEO of Globalworth and Simon Roth, the businessman who won the tender for the new office building to house all the divisions of the French Renault group in more

26 ian 2017

US-held Amazon, world’s largest online retailer, seeks to rent 10,000 square meters of office space in Bucharest, enough to accommodate at least 1,000 employees, sources close to the company say. more

23 ian 2017

US’ General Motors, the owner of the European car brand Opel, will soon open a call-center office in Bucharest to provide assistance for the OnStar service, which allows owners of cars that have more

19 ian 2017

Consumer spending increase drove up the sales of the stores in AFI Cotroceni mall by more than 10% to EUR253 million in 2016, according to Africa Israel, the owner of the mall. more

16 ian 2017

Bucharest’s central-western area saw almost 40% of the demand for office space last year, compared with 31% for Floreasca-Barbu Vacarescu and Dimitrie Pompeiu, real estate consultant JLL says. more

13 ian 2017

The Finance Ministry last December approved 225 million lei (EUR50 million) state aid for two companies in the local auto industry, Bosch and Pirelli, which will make almost RON1 billion investments more

9 ian 2017

Romania’s auto market officially returned to more than 100,000 new cars delivered in one year, after 2016 ended with a sales volume of at least 110,000 cars, according to ZF’s estimates based on more

6 ian 2017

Almost 150,000 square meters of modern retail space will open in Romania this year, following more than EUR200 million investments, without any major project, though. more

30 dec 2016

Only 18 kilometers of highway were inaugurated in 2016, while private investors in retail and office space spent hundreds of millions of euros. more

23 dec 2016

Entrepreneurs Andrei Diaconescu and Victor Capitanu, who own real estate company One United Properties, which specializes in premium and luxury residential projects, bought the plot of land at the more

22 dec 2016

Companies are starting to look for modern office space in less ‚traditional’ cities, as new investments in industry or services are made, believes entrepreneur Ovidiu Sandor, CEO of Mulberry more

21 dec 2016

The year 2016 saw top management changes at Dacia and Ford Romania along with new investment. This spring Daimler inaugurated its new transmission manufacturing facility in Sebes and in the summer more

20 dec 2016

Romania’s car production dropped 6% in January-November to 338,000 cars assembled in Mioveni (Dacia) and Craiova (Ford), according to Romania’s Automotive Manufacturers and Importers Association more