07.20.2015

Real estate developer AFI Europe has signed a financing agreement worth EUR39 million with Bank Leumi Romania, for completing the construction of office buildings AFI Park 4 and 5, the fourth stage of more

07.14.2015

AFI Europe has bought a plot of 40,000 square meters in the center of Brasov, where it plans to build a shopping center with a leasable area of 45,000 sqm and a class A office development of 11,000 more

06.16.2015

AFI Europe is going to expand the entertainment area of AFI Cotroceni shopping center by 1,000 square meters, as well as the spaces of fashion retailers and the parking area by another 7,000 sqm. more

06.16.2015

Bucharest’s mall market is not oversaturated, despite the openings in the last few years, says Israel Vizel, the manager of the shopping center division of AFI Europe, the owner of AFI Palace more

05.20.2015

AFI Europe Romania had net operating revenue of nearly EUR9 million in the first quarter, 8.1% higher than in the first quarter of 2014, mainly driven by its two new office buildings in Bucharest, AFI more

05.14.2015

Visa Europe on Thursday said its Executive Board elected a new member, Bartosz Drabikowski, who will coordinate nine countries, among which Romania. more

03.23.2015

BMW is the only German premium carmaker that is not expanding to Eastern Europe for the time being, in the context where Mercedes-Benz has invested EUR1 billion in Hungary (since 2008), Audi has the more

03.20.2015

KLG Europe Logistics Romania, part of Dutch group KLG Europe, estimates a 10% turnover increase this year, to EUR27.5 million, from EUR25 million a year before, due to the increase of its client more

03.10.2015

AFI Europe registered net operating income of EUR37 million in 2014, up 20% on the year, from the renting of AFI Palace Cotroceni and Ploiesti shopping malls and the first two office buildings in AFI more

02.25.2015

Romanians are confident that their income prospects would improve but this has not yet had a major impact on willingness to buy, as Romanian consumers need all their available income for everyday more

02.10.2015

Renault-owned Automobile Dacia climbed in the top 100 best-selling cars in Europe with all the brands made at its Mioveni plant in southern Romania, including the Duster SUV and Logan, while the more

01.19.2015

AFI Europe started the expansion and reorganization of the spaces in AFI Palace Cotroceni shopping center, the company said in a statement. more

01.15.2015

Europe House office building, owned by Austrian group CA Immo, reached an occupancy rate of 97% after software company Arnia rented 1,550 square meters, in a transaction brokered by DTZ Echinox. more

11.19.2014

AFI Palace Cotroceni and Ploiesti shopping malls and the first two office buildings in AFI Park in Bucharest generated net operating income of over EUR27 million in the first nine months of 2014, were more

10.16.2014

Romanians spend around EUR300 annually on packaged food, twice as little as Croatians or Estonians, who rank first in Eastern Europe, reveals a ZF survey based on data provided by Euromonitor company more

09.23.2014

Lukoil Europe Holdings BV, the majority shareholder of Petrotel-Lukoil refinery, will increase the refinery’s share capital by 153.7 million lei (EUR35 million), to RON455.3 million. more

09.16.2014

Credit Europe, the local subsidiary of the financial group controlled by Turkish billionaire Husnu Ozyegin, ended the first half of this year with a net loss of EUR6.1 million (the equivalent of RON27 more

09.11.2014

Lukoil Lubricants East Europe, part of Russian oil group Lukoil, has launched several types of motor oil for vehicles running on gasoline and liquified petroleum gas (LPG) and targets RON860 million more

09.09.2014

Romanian lender BCR has granted a EUR32 million loan to AFI Europe for the completion of works on a second and third office building in the developer's AFI Park office compound in Bucharest, the lend more

06.25.2014

The low interest rates on bank deposits across Europe could prompt depositors to move their money into real estate assets, which in turn might lead to a new speculative property bubble, Romanian more

06.04.2014

The sales of the B-Max model made in Craiova, southern Romania, fell 9% in the first quarter of the year to less than 16,900 units in Europe, on a small multipurpose vehicle (MPV) market that grew by more

05.13.2014

Investor confidence in Central Europe has continued its ascent and is now approaching levels not seen since the region’s peak period between 2003 and 2007, according to the latest Deloitte CE more

05.09.2014

As the European Union celebrates Europe Day this Friday, ZF has identified a number of indicators showing where Romania stands compared with the other European Union members. more

03.28.2014

The number of investors operating on the real estate market of offices, shopping malls, logistics and retail spaces is falling as a series of new projects are being delivered and the arrival of new more

03.12.2014

Real estate developer AFI Europe Wednesday reported net operating income of EUR28.7 million in 2013 from AFI Palace Cotroceni mall in Bucharest, up 6.5% on the year, while tenants’ sales rose 4.3% more