Germany’s retailer Kaufland, the second largest player on the local retail market by turnover, is opening its second hypermarket in a shopping center, in the city of Oradea (northwest Romania).
Oradea, the second largest market for logistics and transport in Romania after Bucharest, will have the first industrial park with a cargo terminal, also the first air cargo terminal in the country.
SIF Hoteluri (CAOR.RO), a company in which SIF Banat-Crisana (SIF1.RO) owns the majority stake, has notified shareholders of the sale of the DoubleTree by Hilton Hotel in Oradea, according to a report to the Bucharest Stock Exchange.
Prima Development Group, one of the most active real estate developers in Romania by the number of housing units delivered, starts construction works on a new residential complex in Oradea (north-western Romania), which continues a project built by the company over the last years.