10.13.2017

One in five lei local consumers spend on luxury cosmetics goes to online stores, market data show. Romanian consumers spend about EUR83 million on premium and luxury perfumes, makeup and care products more

09.09.2016

Sales of luxury housing units increased over the last five years, accounting for 5% of the overall real estate market, considering that prices remain significantly lower than in 2008. more

09.30.2015

Expats’ demand for luxury apartment rentals in northern Bucharest rose this year by 7% on the apartment segment and by 5% on the villa segment, according to a study by real estate group Nordis. more

09.01.2015

US premium brand Michael Kors is getting ready to open its second store in Romania, this time in the Baneasa Shopping City in northern Bucharest. more

08.12.2015

Bucharest has seven luxury hotels, half as many as Prague, the most famous capital in Central and Eastern Europe in terms of tourist destinations. more

05.06.2015

The nine luxury brands L’Oreal has in Romania are available in 160 stores and generate almost 20% of the local revenue of more than EUR60 million. more

04.01.2015

The number of luxury apartment rental deals in northern Bucharest grew by an average 15% in the first quarter, with a peak of 21% in the areas Aviatorilor, Dorobanti, Primaverii and Floreasca, where more

03.02.2015

The most prestigious car brands officially available in Romania are run by women, who are directly responsible for sales of tens of millions of euros of brands like Ferrari, Bentley, Lamborghini, more

02.09.2015

The ten most expensive luxury cars ordered in the past year in Romania and which are to be delivered in 2015 are worth nearly EUR2 million, and the most expensive of them is a Lamborghini Aventador more

12.10.2014

Viorel Ognean, the Romanian who runs the luxury portfolio of 30 countries of Diageo, the world’s biggest producer of premium spirits, says Romania is among the countries with a significant growth more

11.03.2014

A number of 43 new cars with a price tag of more than EUR100,000 were registered in Romania in the first nine months of this year, according to the Driver's License and Vehicle Registration Department more

10.24.2014

Shareholders of real estate developer Euromall will invest EUR6 million in the construction of a luxury apartment building in downtown Bucharest, the first of a series of luxury projects the Israeli more

10.20.2014

Local real estate developer SKV Properties has started construction works on a EUR30 million luxury residential project near the Herastrau Park in Bucharest. more

10.13.2014

Helvetansa, the Romanian-Swiss company founded in 1994 and specialized in luxury watch and jewelry retail, says demand is picking up, but for the time being purchases of items with prices of above more

10.13.2014

Romanian consumers will spend 2.2 billion lei (about EUR500 million) on luxury goods this year, mostly on clothing, shoes and fine drinks. The market has been flat over the last few years but will more

10.09.2014

Real estate consultant DTZ Echinox brokered transactions with luxury properties worth EUR8 million in the first three quarters of the year, while the sales on this segment rose 100% on the year. more

09.10.2014

Dorothy Constantin and Andreea Altay this year decided to refurbish and rebrand Victoria 46 multibrand store of Calea Dorobanti, Bucharest, turning the 900-sqm space into a department store, in the more

09.09.2014

Raluca Simu, an executive whose experience in marketing and advertising spans over a decade, is bringing luxury brand Vionnet on the Romanian market, and the first store will be opened on the ground more

07.28.2014

Registrations of new premium and luxury cars increased by just 6% in the first half of the year, according to the Driver License and Vehicle Registration Department (DRPCIV), to a little more than more

05.30.2014

Sales of super sports cars were the only ones to go up on the over EUR200,000 price segment in January-April, while luxury car sales went down. more

05.01.2014

Luxury hotels of Mamaia, Romania’s most popular seaside resort, will operate at full capacity during the May 1 holiday. The tariff of three-night stays at a five-star hotel starts from EUR300 for a more

04.04.2014

The Brasov plant of Germany’s luxury home appliances producer Miele has come to manufacture 4 million electronic units (home appliances parts) per annum and its revenue hit EUR27 million in 2013, up more

03.10.2014

Luxury store Brunello Cucinelli located on Bucharest's Calea Dorobanti roadway ended last year, its first complete operational year, with revenue of around EUR1 million and as many as 100 loyal more

03.07.2014

Srdjan Kovacevic, the Serbian entrepreneur that had a big role in the creation of the luxury clothing market in Romania, is closing the Ermenegildo Zegna store on the ground floor of five-star more

03.04.2014

Alessandro Amato, the Italian who owns Cellini, Gucci and Paul & Shark luxury stores in Romania, wants to add new units in 2014 on the medium-price segment, under brands such as Swarovski and more