12.08.2021

IMMOFINANZ, one of the leading real estate investors in Romania, has sold the former Armonia Arad shopping center to Oresa, a company held by Swedish investors, with a strong presence on the Romanian more

08.02.2021

Romanian company Imotrust Arad, active in the real estate sector, plans to buy a plot of land of 3,415 square meters in Timisoara (western Romania), at the price of EUR2.25 million, payable in two more

06.30.2020

MedLife, the leader of the private medical services market in Romania, said Tuesday it has bought an additional 7% stake in Genesys Arad, one of the largest private medical service providers in more

08.01.2019

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05.30.2019

Imotrust Arad, which operates in the real estate sector, plans to sell a plot of land of 44,505 square meters in Cluj Napoca, at a total price of EUR2.25 million, VAT not included, namely, more

01.28.2019

Real estate developer AFI Europe, which owns the AFI Cotroceni mall in Bucharest among others, says it will begin construction of a retail center in Romania by yearend. more

10.12.2018

Timisoara-Arad area stands all the chances of becoming a regional economic hub and may attract people from both other regions of Romania and from the neighboring countries. more

04.25.2018

Polish hotel group Orbis Group, the Eastern European partner of French group AccorHotels, a world leader in hotels and tourism, has officially opened its first three-star ibis Styles hotel in Romania, more

01.31.2018

Romania's oil and gas company OMV Petrom (SNP.RO), controlled by Austria's OMV, has started the construction of the biggest fuel depot in western Romania, in Arad, within an investment of over EUR18 more

02.06.2017

Japanese company Roki, specialized in the production of automotive filtration equipment, has leased 5,500 sqm in CTPark Arad from industrial space developer CTP. more

10.24.2016

The shortage of labor in the west of Romania has made employers turn to Hungary to find people in the towns near the Romanian border to be able to handle the production peaks during the summer. more

05.09.2016

Austrian-held real estate developer Immofinanz is putting up for sale Armonia Arad, which had operated as a mall until 2012, after which it was converted into an industrial and logistics center. more

09.30.2015

Romanian state-run syringe producer Sanevit Arad was put up for auction for RON32.68 million (EUR7.4 million), although the company’s privatization procedures started three years ago. more

04.23.2015

Czech company CTP, which will buy insolvent logistics park Cefin Arad, will invest up to EUR15 million this year in the park, the company’s representatives said Thursday. more

04.23.2015

Czech company CTP bought logistics park Cefin Arad, constructed by Italian group Cefin, being the second acquisition of the operator and developer of logistics and industrial projects in the last more

04.01.2015

Construction of the AFI Palace Arad retail park, which was originally supposed to start in 2008 and be completed in 2010, no longer has a timeline, according to company officials, who say the more

01.30.2015

Japan’s car part manufacturer Yazaki will extend its Arad-based plant by 4,000 square meters by July, following EUR2 million investments, Yazaki Component Technology said in a statement. more

11.06.2014

Real estate developer GTC Romania has invested EUR1 million in an amusement park in the Galleria Arad shopping center, which the company says is the largest entertainment area in a mall in the region. more

09.26.2014

Italian-German consortium Astaldi - Max Boegl will complete the construction of the second section of the Nadlac-Arad highway, for 110.7 million lei (EUR25.1 million), VAT included, Romania’s more

05.06.2014

Automotive industry wiring manufacturer Leoni Wiring Systems Arad, a subsidiary of German group Leoni, has planned investments of around EUR7 million for this year to expand the car wiring plant of more

03.06.2014

Representatives of the Italian-German association of firms Astaldi - Max Boegl, which are building the first section of the Nadlac – Arad highway (western Romania), Thursday said works will start in more

02.28.2014

Two major cities of western Romania, Timisoara and Arad, will be connected to Western Europe via highway for the first time once the 39-kilometer Nadlac-Arad section is completed in December, when more

06.08.2012

Local authorities in Arad, western Romania, and the EBRD on Friday signed a EUR20 million loan agreement, with EUR9.4 million to be used to buy six new trams and the difference to refinance a EBRD more

09.29.2011

Romania imported 2.37 million MWh of natural gas through the Arad-Szeged pipeline in the year through August 2011, amounting to 0.001% of the local consumption. more

09.20.2011

Retailer Cora Romania on Tuesday said it will launch its eighth store in Romania, on October 6, within the Galleria mall of Arad, developed by Globe Trade Center. more