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Real estate developer Hagag Development Europe has been authorized to start consolidation and renovation works on the Stirbey Palace, a historical monument in downtown Bucharest, where Hagag will develop its first retail project, H Stirbey Palace.

Real estate developer Hagag Development Europe has received the permit needed to start consolidation and renovation works on the Stirbey Palace, a historical monument in downtown Bucharest, where Hagag will develop its first retail project, H Stirbey Palace.

The four-star Cismigiu hotel of Bucharest, one of the city’s landmark buildings, controlled by Spain’s Hercesa, expects to reach EUR1.45 million turnover by yearend, 80% of the benchmark 2019 tear.

Germany's IT services provider adesso continues its expansion process in Europe by establishing a branch in Romania's capital city of Bucharest.

One United Properties (ONE:RO), one of the largest real estate developers in Romania, announced a transaction of EUR60 million on the Bucharest Stock Exchange on Tuesday afternoon through which it buys a plot of land in Sector 1 of Bucharest, on Poligrafiei Boulevard.

Adobe Systems Romania, the local subsidiary of the world’s biggest producer of graphic design apps, is looking to rent 25,000 square meters of offices in Bucharest and in line with ZF data the company is looking at the The Light project of Politehnica, mulling The Light Two building.

Bucharest’s Radisson Blu Hotel will have 200 additional rooms by end-2023, so that the entire compound made up of Radisson Blu and Park Inn by Radisson Hotel & Residence Bucharest will comprise around 860 rooms, in line with data provided by the company’s representatives.

Medima Health, a network of clinics specializing in medical imaging and radiology, has opened a clinic in the Jiului area of Bucharest, following an investment of EUR1.5 million, company officials say.

The office building situated in Thomas Masaryk Street no. 19, District 2, will become an important medical simulation center starting this year, following the transaction between MAD Planning & Projects – which sold the building – and the “Carol Davila” University of Medicine and Pharmacy in Bucharest – which purchased the property. The transaction was […]

The Carol Davila University of Medicine and Pharmacy in Bucharest has bought an office building on Thomas Masaryk Street, owned by MAD Planning & Projects, where it will set up a medical simulation center starting this year.

Spartan, the restaurant chain founded by businessman Stefan Mandachi, sealed an agreement to take over five of Taksim units of Bucharest, for EUR1 million, and is in advanced talks to also buy the other three Taksim units of the capital city.

Cora retailer, the smallest player in the local food retail field by the number of stores and turnover, is remodeling its hypermarkets of Bucharest and one of Constanta, downsizing them and reconfiguring product ranges in what seems to be a first major move on the segment of large stores.

myPOS, the first and only fintech in Europe which offers merchants the possibility of instant settlement of funds at no extra cost, announces the launch of a store in Bucharest, three years after the launch of its omni-channel payment solution for small and medium-sized enterprises (SMEs) in Romania.   The Bucharest store joins a number […]

SAS, a global leader in advanced data analytics solutions, is launching a postgraduate continuous education program in partnership with Polytechnic University of Bucharest – UPB.   The decision is part of SAS’ sustained effort to create new capabilities in the advanced data analytics labour market, in the context of a shortage of approx. 25,000 roles […]

Vlad Teodorescu, managing partner of Donna Medical Center of Bucharest, a business set up in 2011 by Elena Claudia Teodorescu, a radiologist specialized in breast imaging, says the company is set to further develop organically on the Bucharest market.

Romanian real estate developer Eden Capital Development announced that it obtained the building permit for a EUR200 million residential complex in capital Bucharest.

Glovo will be moving its head office in Romania to a space leased in the second phase of the U•Center office project developed by Forte Partners in Bucharest’s Tineretului area.

A new competitor enters the Bucharest private medical services market. Doctor Gabriel Balcangiu Stroescu and assistant professor Doctor Andra Balcangiu Stroescu opened the Doctor Balcangiu – Stroescu Clinic following an investment of over 800,000 EUR.   The clinic is located in Pipera and provides services covering 8 medical specialties: dermatology, nephrology, diabetes, nutrition and metabolic […]

U.S. investor Morgan Stanley, who had bought the America House office building in Victory Square in downtown Bucharest in 2019, has completed its EUR10 million investment in upgrade works.

SIF SPV TWO, a company of the SIF Banat-Crisana (SIF1.RO) Group, on Wednesday bought the site of the „Tutunul romanesc” plant in Bucharest. The previous site owner was Interagro SA, a company under reorganization, and SIF SPV TWO bought it at an auction held by insolvency specialist CITR, for EUR33.5 million.