Bucharest | Romania Feed

Verifone Romania, a FinTech leader providing end-to-end payment and commerce solutions, is increasing its operations within the Innovation Center in Bucharest, formerly known as 2Checkout, which Verifone acquired in 2020. After a year of presence on the Romanian market, Verifone intensifies its efforts to grow the research and innovation team in the Romanian capital.   […]

Bucharest and Ilfov are home to over 70% of the total number of Mega Image stores in Romania, with Bucharest leading. Meanwhile, Cluj has become the third most important county on the company’s map, with 54 proximity stores and supermarkets.

Retailer Altex, Romania's leading electronics retailer held by businessman Dan Ostahie, will be opening an electro-IT hypermarket on Thursday, in capital Bucharest, following an investment of over EUR5 million.

Bucharest’s five-star Suter Palace Heritage Boutique Hotel in 2020 registered turnover of above RON2 million. The hotel was opened in 2018 and posted RON2 million revenues in its first year of activity.

Real estate consulting firm Collier rates the yields of premium office space projects in capital Bucharest at 6.75%, lower than the levels recorded in the previous years (for instance, 7% in autumn 2020), but, for exceptional projects, they are expected to go even below this threshold.

Badsi, a Nissan dealer controlled by the Badea family, has sold, via a sale & leaseback contract, the car center in Bucharest’s Pipera area, to Nusco Group within a transaction worth EUR2.5 million.

Lithuanian-held Apex Alliance group, which owns five hotels in Romania, forecasts an occupancy rate of at least 60% by yearend for Marmorosch hotel of Bucharest’s old town, as the best leisure/business mix is registered by the units the group controls in this area.

Romania’s modern retail landscape is an exact copy of the Romanian economy as most stores are opened in the most economically powerful counties, led by Bucharest.

Stay Fit, one of the largest players on the local fitness market, is opening a fitness center within Colosseum Mall, located in Bucharest, following an investment of over EUR650,000.

RPHI Romania (Raiffesen Property), the company that holds and manages Bucharest’s SkyTower, has extended by seven more years the lease contract for office space within SkyTower for the Republic of Korea Embassy In Romania.

Bucharest is currently Romania’s most important market for cash & carry, hypermarket or supermarket operators, hosting a quarter of the country’s total number of modern stores, say the representatives of German-held Metro Cash & Carry.

Swedish-held Medicover, the third largest private medical service provider in Romania, targets investments of EUR4 million in imaging centers in four large Romanian cities - Iasi, Constanta, Craiova and capital city Bucharest, respectively.

Old three-room apartment prices in Bucharest continued to increase in August, reaching more than EUR101,000, a decade high, which had not been reached since the first half of 2009.

Coffee shop chain Ted’s Coffee, owned by Romanian entrepreneur Vasi Andreica, will be opening three new coffee shops, in capital city Bucharest, in September 2021.

The ten companies managing Bucharest’s largest shopping centres, occupying a total area of above 740,000 square metres, ended 2020 with overall losses of RON214 million.

Gebrüder Weiss, one of the largest logistics and transport operators in Romania, plans to expand its logistics space in Bucharest and Sibiu by about 20% next year. The company currently has 65,000 square meters of logistics space with an average occupancy rate of 90%, a Gebrüder Weiss release says.

Insurance company Allianz-Ţiriac has signed a lease contract to relocate its head office to the Tiriac Tower office building located in Bucharest’s Victory Square, where it will occupy three floors and a total area of 4,640 square meters.

Belgian-held developer Speedwell has started work on the second building of residential project The Ivy on Strada Jandarmeriei in northern Bucharest.

French hotel group Accor, which has 15 hotels in Romania, plans to open two hotels under the Tribe and Adagio brands, which will be located inside the same building, in Bucharest’s Basarad area.

Irish start-up Nooka One, which offers complementary solutions to the office space market and focuses on mobility and flexibility, has installed an office in the garden of Bucharest’s ParkLake shopping mall, which consists of two work stations, high-speed internet, furniture and accessories, as well as smart sensors.