07.26.2022

Restaurant group City Grill has a RON24 million investment budget for 2022, 3-4 times bigger than in 2020 and 2021, marked by the Covid-19 pandemic, which pummeled the hospitality industry. more

06.16.2022

City Grill group, controlled by businessman Dragos Petrescu, is adding the first hotel to its portfolio. The hotel is due to be opened on July 1st in the historic building that hosts Hanu Berarilor, more

05.03.2022

About 1,600 creditors of Romanian bankrupt insurer City Insurance, formerly the market leader with a 43% market share, have filed requests to recover a total amount of RON9 billion (EUR1.8 billion), more

05.02.2022

The bonds issued by the Municipality of Bucharest through the City Hall of Bucharest (PMB) are now traded on the Main Market of the Bucharest Stock Exchange. more

02.16.2022

Real estate developer Forty Management will be accessing a syndicated loan of EUR65 million in order to develop the Lagoon City project in capital city Bucharest. more

02.16.2022

Romania’s auto liability insurance policies (RCA) market reached a record level of gross premiums underwritten in 2021, of RON5.93 billion, the biggest increase of the last 11 years, of 49.4% versus more

01.10.2022

Dragos Petrescu, founder of City Grill restaurant group, the strongest Romanian name on this market, says the company plans to grow abroad in 2022-2023. more

12.13.2021

Restaurant chain Maison des Crepes, launched in 2016 by Valentin and Ruxandra Strugaru, is expanding with four franchise units in the cities of Buzau, Bucharest, Ploiesti and Iasi, in partnership with more

12.02.2021

Forty Management, one of the leading real estate developers of mixed-use and urban regeneration projects in Romania, led by Lucian Azoitei, announces the completion of the international selection for more

11.05.2021

Real estate developer PSC Group, controlled by Cristi Pascu, is seeking land plots in northern Bucharest and partners to launch a large project that could include over 10,000 housing units and more

11.03.2021

Real estate developer One United Properties has opened a sales center within the One Floreasca City mixed-use project, which is the main sales office for all the company’s projects finalized and more

10.22.2021

Romanian tourists’ massive shift toward the domestic hospitality industry amid pandemic restrictions is turning into a rare opportunity to invest in this field, says Dragos Petrescu, founder of City more

09.23.2021

Oradea City Hall and Bihor County Council are poised to set up an airline that will operate flights between Oradea and Bucharest, but also to other European cities, with the first flight scheduled for more

09.21.2021

Mercedes-Benz Trucks&Buses Romania will deliver 40 eco-friendly buses, running with compressed natural gas, to Sibiu City Hall, under a contract worth RON77 million (EUR15.7 million). more

09.17.2021

Romania’s Financial Supervisory Authority (ASF) on Friday evening announced it would start bankruptcy proceedings against City Insurance, the largest auto liability (RCA) insurance provider in the more

09.09.2021

Dutch investor I3CP wants to continue talks to buy insurer City Insurance, says its representative Matt Fairfield, even though Romania’s financial regulator ASF announced it had not provided the more

08.27.2021

Dutch-based company I3CP said that on August 25 it subscribed to all newly issued shares for the share capital increase of Romanian insurer City Insurance, which was approved by the insurer’s more

08.10.2021

Local furniture manufacturer and interior design consultant Theta has leased 1,000 square meters in the City Gate office buildings and will relocate its central office and showroom there by March more

08.06.2021

The Global City office space complex, included in the portfolio of real estate investment company Arion Green, was awarded the WELL Health-Safety rating, which is the latest assessment standard of the more

07.20.2021

Builder Bog’Art via its development company Art Property and furniture maker Mobexpert bought two plots next to OMV Petrom’s Petrom City site in northern Bucharest in a EUR20 million deal, real more

07.06.2021

Superbet, the largest sporting bets operator in Romania, with over 1,000 agencies across the country, has opened a new location within the City Gate project in Bucharest in a transaction assisted by more

06.23.2021

Michele Nusco, the Italian entrepreneur who owns door maker Pinum and real estate developer Nusco, plans to deliver at least 300 apartments a year in Pipera, northern Bucharest, over the next ten more

06.18.2021

City Grill, one of the leading actors on the restaurant market in Romania, has bought minority stakes (49%) in two restaurant businesses – Maison des Crepes and Aubergine, in a EUR1 million more

06.17.2021

BRD, the third largest lender in Romania by assets, has started relocating part of its support departments and its BRD Finance divisions from two separate locations in Bucharest to the City Offices more

06.02.2021

Construction company Bog’Art, held by businessman Raul Doicescu, has started works on Art City, a real estate project worth EUR20 million located in northern Bucharest and due for completion in more