10.11.2011

Property developer Globe Trade Center, or GTC, has obtained a EUR100 million loan from Erste Group Bank (EBS.RO), to refinance the investment in Bucharest office complex City Gate, company officials more

09.23.2011

Dragos Petrescu, the owner of the City Grill restaurant chain and of Caru cu Bere, has decided to set up a farm on a seven hectare plot in Mihailesti, Giurgiu County (Southern Romania), where he wants more

09.14.2011

After a movie theater inside Baneasa Shopping City is completed next week, preparations are due to start on a new extension where the shopping center's food court will be relocated. more

09.06.2011

Transilvania Insolvency House, the designated liquidator of Bucharest shopping center City Mall, is confident it will find a buyer for the troubled company by year-end, after several investors have more

07.28.2011

Romania’s capital Bucharest has launched its first city tour on double-decker buses Thursday, with Tourism Minister Elena Udrea among the first passengers. more

07.28.2011

Retailer Cora launched Thursday a new hypermarket in southeastern Romanian city Constanta, in the City Park mall, following an investment of EUR4.5 million. more

07.21.2011

The Cluj-Napoca city hall, northwestern Romania, will hold an auction to purchase an integrated IT system for online services on September 1, allowing residents to request parking authorizations or more

07.21.2011

The creditors of bankrupt Bucharest shopping center City Mall approved the start of direct negotiations for the mall’s sale, evaluated at some EUR21 million, Thursday said the unit’s liquidator more

07.04.2011

Netherlands’ Desso, which supplied the artificial grass for stadiums such as Wembley and Santiago Bernabeu, was also the supplier of 39.484 square meters of carpet tiles to Petrom City, which houses more

06.29.2011

Bankrupt Bucharest shopping center City Mall failed to draw bidders in the fifth auction, set for June 30, thus the liquidator, Casa de Insolventa Transilvania, will sell the unit through direct more

06.20.2011

Billionaire Gabriel Popoviciu, who controls mega real estate project Baneasa in northern Bucharest, is preparing the opening of Oradea Shopping City mall this autumn, with a new manager, Bogdan more

06.17.2011

Bucharest shopping center City Mall will be put up at auction for the fifth time on June 30, at a starting price of EUR20.96 million, down from around EUR24 million at the previous sale attempt, more

06.16.2011

Christopher Weaver, head of UK-based City of London Investment Management Company, the biggest foreign institutional shareholder in Fondul Proprietatea (FP.RO) with 5.85% in capital, says the company more

06.13.2011

Bucharest’s bankrupt shopping center City Mall failed again to find a buyer at the fourth auction scheduled at the end of last week. more

06.10.2011

Bucharest shopping center City Mall failed to attract investors at a fourth auction following the company’s bankruptcy in November last year and liquidators are making a final attempt before more

06.07.2011

Dragos Petrescu, owner of the City Grill restaurant chain and manager of the "Caru' cu Bere" restaurant, is tapping into a new market segment - catering for private hospitals. He has signed a contract more

06.01.2011

Although the trend of city breaks shaped up in the region several years ago, Bucharest is lagging way behind some capitals such as Budapest or Prague, which are attracting thousands of tourists every more

05.31.2011

On the eve of a fourth sale attempt for Bucharest bankrupt shopping center City Mall, liquidator Casa de Insolventa Transilvania maintains hope in the face of investor caution, saying the crisis is more

05.30.2011

Bankrupt shopping center City Mall Bucharest will be put on sale for the fourth time on June 10, in an auction starting at EUR23.58 million, some 30% less than the initial price of EUR33 million. more

05.22.2011

Public order and lifeguard services, as well as water supply and sewerage system work on the Romanian Black Sea Coast will no longer be financed from the state budget, according to a draft emergency more

05.13.2011

City Mall shopping center in Bucharest, currently bankrupt, might find a buyer at the third auction, starting at a price of EUR26.2 million, considering Casa de Insolventa Transilvania, the project's more

04.27.2011

Bankrupt shopping center City Mall, in Bucharest, will be put on sale for the third time on May 16, at EUR26.2 million, after two previous failed attempts, Wednesday said Radu Lotrean, partner with more

04.18.2011

Bucharest shopping center City Mall failed to attract investors at a second auction following the company’s bankruptcy in November last year and liquidators are looking for alternatives to repay more

03.29.2011

The first auction to sell the bankrupt City Mall in Bucharest failed to draw bids, prompting liquidator Casa de Insolventa Transilvania to set up another auction on April 20. more