The prices of old three-room apartments in Bucharest stagnated at EUR98,400 on average in December compared with November, after having gone up EUR100 the previous month, real estate consultant SVN Romania data show.
Coffee shop chain Ted’s Coffee, owned by Romanian entrepreneur Vasi Andreica, continues its investments and announces the opening of two new units, in Bucharest’s Tineretului neighborhood and within the Ana Tower building, near Romexpo, in Bucharest as well.
Romania's leading electronics retailer Altex announced the opening of a new store in Bucharest following an investment of EUR1 million.
One United Properties, a real estate developer controlled by Victor Capitanu and Andrei Diaconescu, said it took over the management for luxury residential project Rahmaninov Residence in capital Bucharest, from Dorin Mateiu, the former owner of cold cuts producer Elit Cugir.
Romanian company Tellence, which provides high-tech software and engineering services, is extending its collaboration with Redis Labs in order to establish a research and development (R&D) center in the field of cloud-based services, in capital city Bucharest.
Real estate developer HAGAG Development Europe, part of Hagag Group of Israel, on Thursday said it started construction works on its H Eliade 9 Residence luxury residential project located in the Primaverii area in capital city Bucharest.
Real estate consulting firm Cushman & Wakefield Echinox was appointed to provide property management services for the Tiriac Tower office building in Bucharest’s Victory Square, starting October.
The occupancy costs of office spaces represent on average 3% to 4% of the turnover of service companies in Bucharest, and may fall even below 2% in some cases, according to an analysis by real estate consultancy company Cushman & Wakefield Echinox.
Romanian sportswear retailer GRID, owned by entrepreneurs Popa and Nania Nicolae, has opened its first store in Bucharest, in Shopping City Baneasa.
Delivery firm Urgent Cargus, the second largest in Romania, has inaugurated a second warehouse near Bucharest in a EUR7.4 million investment that doubles its sorting capacity in Bucharest.
Romanian airline Blue Air on Tuesday said it would introduce daily flights on Bucharest (Romania) - London Heathrow (UK) route, starting December 1, 2020, due to increased demand.
MedLife (M.RO), the leader of the private medical services market in Romania, announced Thursday it has fully acquired the Veridia Medical Center in Bucharest, known as Basarab Medical Center.
E-commerce solutions provider 2Checkout, a business established in Romania 14 years ago, seeks to hire 100 technology experts at its innovation center in capital city Bucharest.
Parcel delivery service company DPD has leased new storage space totaling 5,500 square meters, in the cities of Arad, Bucharest and Brasov, in order to expand its capacity on a regional level, considering that the electronic commerce in Romania has potential to see the biggest growth in the European Union in 2020.
Horia Cardos, founder of Agroland, which operates a chain of 250 farming product stores, has opened the biggest store yet in Bucharest, following an investment of EUR150,000.
Belgian real estate developer Liebrecht & wooD starts work in November on the first 94 houses in the residential project in Frumusani, near Bucharest.
Wholesaler El Grupo Número 1, the biggest franchisor in Spain, has leased a warehouse of 3,000 square meters within the P3 Bucharest A1 industrial park and will be exclusive wholesaler in Romania for clearance items of most famous Spanish fashion brands.
Spain’s Mantor Group has completed the consolidation works on the Mita Biciclista historic building located in Bucharest’s Piata Amzei area, following an investment of EUR4.5 million.
The office space surface area traded in capital Bucharest and in Romania’s large cities exceeded 200,000 square meters (sqm) in January-September 2020, of which the net demand accounts for nearly 40%, while relocations and contract renegotiations make up for the rest.
Real estate developer Forty Management has reached an agreement with Butan Gas Romania to acquire a land of approximately 40,000 square meters located in the Straulesti area in Bucharest, for an estimated EUR8.2 million.