01.21.2014

Financing remains difficult even for good projects and experienced real estate developers, David Hay, Chief Executive Officer of the Romanian subsidiary of Israeli real estate developer AFI Europe, more

11.20.2013

Retailers in shopping center AFI Palace Cotroceni (Bucharest) registered sales of EUR145 million in the first nine months of 2013, up 5.3% on the year. more

11.11.2013

Israeli real estate developer AFI Europe Monday announced it rented 11,700 square meters to U.S. video game company Electronic Arts in AFI Park 2, the second building of office compound AFI Park in more

10.27.2013

Toshiba Transmission and Distribution, a subsidiary of Japanese corporation Toshiba, is building two photovoltaic parks in Brasov county, central Romania, for Luxembourg-based Energreen Investment more

10.07.2013

Romania’s carmaker Dacia, owned by French group Renault, registers the highest market shares in Romania, Bulgaria and the Republic of Moldova, according to ZF calculations based on data by European more

09.16.2013

Credit Europe Bank Romania, a unit of Dutch-registered Credit Europe Bank, has appointed Yakup Cil as chief executive and chairman of the board, the lender said in a statement Monday. more

09.08.2013

Credite Europe Bank Romania will increase its share capital by 88 million lei (EUR20 million) to RON763 million from RON675 million. more

09.03.2013

Romanian carmaker Automobile Dacia went from planned layoffs to a 20% increase in production in only seven months this year, as its sales in Europe rose more than 17% despite a 7% decline in the auto more

08.26.2013

Israeli real estate developer AFI Europe is in negotiations with several banks to refinance a loan worth EUR234 million taken out in 2007 from Hypo Real Estate Bank to develop shopping center AFI more

07.23.2013

Romanians go to malls to shop and spend their spare time and this trend has started to also take shape in Western European countries where people mainly go to malls for shopping, according to Austrian more

07.17.2013

Romanian carmaker Dacia’s registrations went up 17% in Europe in the first half compared with the year-ago period to more than 144,000 units, according to the European Automobile Manufacturers' more

05.19.2013

Real estate developer AFI Europe has received its building permit for a second mall in Bucharest, for which works are slated to start this year or early 2014, and the developer also plans to build a more

05.15.2013

Credit Europe Bank Romania has appointed its chief control officer Mirela Bordea as interim CEO after Omer Tetik left the bank to take on the CEO position at Banca Transilvania (TLV.RO), the bank said more

03.13.2013

Real estate developer AFI Europe Wednesday reported net operating income from AFI Palace Cotroceni mall in Bucharest rose to EUR26.9 million in 2012, from EUR24.6 million a year before, fueled by a 9% more

03.01.2013

AFI Park 1, the first office building finished by Israeli developer AFI Europe in Bucharest, has reached an 85% occupancy rate, after five new leasing contracts were signed. more

01.22.2013

Users of Visa cards made 23.6% more transactions directly of the traders in Romania last year, accounting for 41% of all transactions, while the amount spent increased 23.5%, Visa Europe said Tuesday. more

01.18.2013

Credit Europe Bank Romania may launch an issue of corporate bonds worth 250 million lei (EUR57.73 million) in 2013, to finance and develop the portfolio of long-term loans, according to the daily more

01.15.2013

Shopping center developer AFI Europe said Tuesday it obtained financing of over EUR30 million from Raiffeisen Bank International Group to complete a shopping center project in Ploiesti, southern more

10.30.2012

The growth of KLG came in 2012 from new clients, as many companies cut back on the storage space. Even so, the logistics and distribution company plans to build two new warehouses in Romania, as well more

09.27.2012

Real estate developer AFI Europe Romania plans to complete, on short-term, the shopping centers in the southern town of Ploiesti, Bucharest-based Bucurestii Noi and western town of Arad as well as more

09.05.2012

OMV Petrom (SNP.RO), the largest company on the Romanian market, lost two positions in the ranking of the top 500 companies in Central and Eastern Europe, shows research conducted by consultancy firm more

08.20.2012

Real estate developer AFI Europe Romania on Monday said it received the permit needed to build a hypermarket and a do-it-yourself store within the retail park it plans to develop in Arad, western more

07.04.2012

Attracting funding is currently the main problem for private equity funds in the region because investors in the US and in Western Europe are no longer interested in South Eastern Europe. more

04.25.2012

French group AEW Europe will not buy new properties in Romania this year as there is a lack of funding on the market, and will focus on consolidating the two real estates it owns locally, which more

04.05.2012

Real estate developer AFI Europe will soon start construction on a mall in southern Romanian town Ploiesti, 60 km north of Bucharest, with a completion deadline set for the second half of 2013. more