07.11.2016

Romania’s Competition Council on Wednesday approved the takeover of Bel Rom Trei and Sibiu Shopping City companies by NE Property Cooperatief, member of South-African investment fund New Europe more

06.28.2016

South-African investment fund New Europe Property Investments (NEPI) on Tuesday said it acquired retail park Shopping City Sibiu from Argo Group, in a transaction worth EUR100 million. more

05.26.2016

Restaurant and cafe operator City Grill of Dragos Petrescu ended last year with 115 million lei (EUR26 million) revenue, up 28% on 2014 and almost double the 2012 level. more

05.25.2016

South-African investment fund New Europe Property Investments (NEPI) has announced it will start the works at Shopping City Piatra Neamt, which is scheduled to be opened at the end of 2016. more

04.25.2016

Euro Insol on Monday said it was appointed judicial liquidator of real estate project Green City, a compound of 650 villas developed by businessman Dumitru Bucsaru by means of various firms either more

04.06.2016

Vodafone Shared Services Romania will extend its operations, exceeding 1,000 employees by the end of 2016, from the current 800 employees. more

02.03.2016

South-African investment fund New Europe Property Investments (NEPI) will complete the second construction stage of Shopping City Timisoara on March 31, 2016, and it will fully inaugurate the shopping more

01.25.2016

OMV Petrom (SNP.RO), the only local oil and natural gas producer, intends to complete the Petrom City project in Straulesti, northern Bucharest, where it moved more than 2,500 employees in 2010, but more

10.07.2015

The ten largest cities in Romania concentrate half of the modern retail stores in the country. Bucharest is clearly dominated by Mega Image, while the rest of the country is Profi’s turf. more

09.24.2015

South-African investment fund New Europe Property Investments (NEPI) is opening Shopping City Deva on Thursday, following EUR14 million investments in expansion and modernization. more

08.31.2015

The revenue of the companies registered in Bucharest taken together has dropped 37% to 433 billion lei (EUR98 billion) the past seven years, so the capital city now accounts for only 37% of the total more

06.24.2015

Israeli-held Shikun & Binui and Red Sea Group, the developers of the City Point residential complex in Aviatiei area in northern Bucharest, plan to build about 1,800 apartments on a plot of land more

05.07.2015

South-African real estate investment fund NEPI (NEP.RO) has invested EUR40 million in expanding by 21,000 square meters the rentable area of shopping center City Park Mall in southeastern of more

05.06.2015

Baneasa Developments, the company controlled by local businessmen Gabriel Popoviciu and Radu Dimofte which operates the retail area of the Baneasa real estate project in northern Bucharest, ended 2014 more

04.28.2015

The city of Bucharest plans to raise up to 2.2 billion lei (EUR500 million) in several bond issues to fund the repayment of a 10-year bond that falls due in June, market sources told Mediafax. more

04.06.2015

Real estate compound Green City, developed by Green City Construct, controlled by businessman Dumitru Bucsaru, was put up for sale by its legal administrator, for EUR20 million, while CEC Bank is its more

04.03.2015

Philips Lighting, the lighting systems division of the Dutch group Philips, and telecommunications equipment supplier Ericsson are in talks to install ‘smart poles’ in cities, i.e. street lighting more

03.27.2015

Preparations for the biggest leu-denominated bond offering on the local capital market have entered the finishing straight: the prospectus is almost ready and subscriptions are likely to start in one more

02.16.2015

Stores in Baneasa shopping center saw sales stall at EUR205 million last year amid stable traffic, Georgios Argentopoulos, the chief executive officer of Baneasa Developments, the company through more

01.23.2015

The debts of real estate project Pipera City, which went insolvent in 2012, total 340 million lei (EUR75.5 million), out of which lender Bancpost will have to recover over RON102 million, accounting more

12.03.2014

Sorin Scintei, the manager who has run for almost six years City Park mall of Constanta, will take over the position of general manager of shopping center Mega Mall South-African group NEPI is more

11.27.2014

Two syndicates, one comprising BCR-BRD and the other Raiffeisen Bank, Banca Transilvania and Japanese Nomura bank have submitted bids for assisting the Bucharest City Hall with the issuance and sale more

11.12.2014

The city of Bucharest plans to issue leu-denominated bonds to fund the repayment of its EUR500 million Eurobond that falls due in 2015, according to an auction announcement. more

11.05.2014

Businessman Ovidiu Sandor, developer of office projects City Business Center in Timisoara and The Office in Cluj, will complete the fifth building in Timisoara-based office project next summer, namely more

11.05.2014

The Benevo Group is in talks with French retailer Carrefour for a hypermarket in the Victoria City shopping center, developed on the site of the former Textila Dacia plant in northwestern Bucharest, more