Metro Cash & Carry To Triple Logistics Space
02.15.2019
Metro Cash & Carry store chain plans to almost triple logistics area once the new platform now under construction in Stefanestii de Jos near Bucharest has been completed.
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Ion Tiriac Sets Off Construction Of Tiriac Tower 12.03.2018
Ţiriac Tower has finalized the first major phase under development – the completion of foundation and the relocation of utilities. Ţiriac Tower... more
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Poll: Housing Prices Seen Stagnating in 2019, Fewer Funds for Mortgage Program 12.03.2018
Realtors estimate housing prices will stagnate next year, there will be fewer funds for the government-backed program for first time homebuyers and... more
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Israel’s Hagag in Talks to Buy Hotel Building in Central Bucharest 12.03.2018
Israel’s Hagag group is about to buy a building on 8-10, Georges Clemenceau Street between Piata Romana and the Athenaeum in Bucharest from... more
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Japanese Retailer Miniso Opens First High Street Store in Bucharest, in Piata Romana 11.28.2018
Japanese retailer Miniso, which sells a wide range of accessories, will open its first high street store in Romania in Piata Romana, one of the... more
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Wallberg Group Gets EUR5.2M Loan from Garanti Bank for Timisoara XCity Towers 11.28.2018
Real estate group Wallberg Properties, owned by local entrepreneur Valentin Morar, has secured a EUR5.8 million loan from Garanti Bank for its... more
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Decathlon Reaches 5 Stores In Bucharest, 23 In Romania After Opening Unit In Veranda Mall 11.27.2018
French-held sporting goods retailer Decathlon will be opening Thursday its fifth store in capital Bucharest, within Veranda shopping center in the... more
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AccorHotels To Open ibis Politehnica Hotel In Bucharest In 2020 11.27.2018
Orbis Hotel Group, strategic partner of French group AccorHotels, continues its expansion in Romania by signing a management contract for ibis... more
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Mazars Relocates Central HQ To Globalworth Campus 11.26.2018
Audit and consulting firm Mazars, present in Romania for over 20 years, relocated its central headquarters to Globalworth Campus, located in... more
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Futureal Group Sells Stake in ParkLake Shopping Mall for EUR19M 11.26.2018
Hungarian real estate development group Futureal has sold its stake in ParkLake shopping center in Bucharest for EUR19 million, the company... more
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Speedwell Builds Mixed-Use Compound in Cluj-Napoca for EUR42M 11.26.2018
Belgian real estate developer has started work on Record Park, the first mixed-use urban regeneration project in Cluj-Napoca, in a EUR42 million... more
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Multinationals Consider Cities Of Less Than 300,000 People For Expansion 11.26.2018
Most of the office space in Romania is concentrated in Bucharest, where the stock is rapidly approaching 3 million square meters, and Cluj,... more
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Onix Residence, Held By Mohammad Murad, Invests EUR32M In Residential Compound In Bucharest 11.22.2018
Real estate developer Onix Residence, held by businessman Mohammad Murad, one of the largest hotel owners in Romania, said 600 apartments will be... more
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Architecture Office SMAA Invests EUR2M In Residential Compound In Northern Bucharest 11.20.2018
Architecture office SMAA (Silviu Mihailescu & Asociatii Arhitectura) is launching a real estate development division and building a residential... more
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Razoare Area In Bucharest To Attract EUR400M Real Estate Investment 11.20.2018
The future Line 5 subway station Academiei in the Razoare area of Bucharest will attract about EUR400 million over the coming years as developers... more
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3Z Residence Invests EUR10M In Residential Compound In Bucharest’s Unirii Area 11.19.2018
Real estate developer 3Z Residence based in Piatra Neamt (north-eastern Romania) is building a residential compound made up of 66 luxury... more
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Restaurant Chain Calif-Condimental To Open Three Units Within Bucharest’s Globalworth Office Buildings 11.19.2018
Restaurant chain Calif-Condimental, which currently has seven units under the two brands in capital Bucharest, will be opening three restaurants,... more
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KPMG: Romania Remains an Attractive Real Estate Market for Investors 11.19.2018
Romania remained an attractive real-estate market for existing and new investors in the CEE region, fueled by consumer demand and increasing... more
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Libra Internet Bank Relocates to Phoenix Tower in Bucharest 11.19.2018
Libra Internet Bank will relocate its headquarters to the Phoenix Tower office building in Bucharest, citing growth in recent years and the need to... more
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Slabbert, Prime Kapital: Iasi Is The New Cluj 11.19.2018
Iasi has the second highest growth potential after Cluj over the coming period, and the IT sector is a strong driver in that regard, says Martin... more
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Mall Country: Romania Went From Zero To 123 Malls In 20 Years 11.16.2018
The past two decades brought a stock of 123 retail projects in Romania, the history thereof started in 1999, when Turkish-held real estate... more
The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an
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Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have
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German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share
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Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the
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Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the
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The World Bank has revised its economic growth projections for Romania and now sees GDP growth at 3.5% in 2019 from 4.5% in its June
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Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the
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Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania,
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Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term
The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.
