| Polish brands continue entering the Romanian market  The Polish sportswear retailer, 50 Style, opened in October its first store in Romania, in Bucharest's Iris Shopping Center, Titan area, on a surface of 315 sqm. Its entry on the local market co...
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| Hagag to buy new building near Romanian Athenaeum and to turn it into hotel  Israeli real estate developer Hagag is negotiating with Romanian entrepreneur Victor Olaru the acquisition of a new building located on Bucharest's Georges Clemenceau Street, near the Romanian A...
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| Taco Bell to open a restaurant in Openville Timisoara mixed-use project  The world's largest fast food chain serving Mexican-inspired foods is coming to Timisoara. Taco Bell will open its first location in the west of Romania in the United Business Center 1 class off...
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| Belgian WDP signs lease agreement with Auchan for 77,000 sqm of logistics space  WDP has signed an agreement for the development and lease of 77,000 sqmof logistics warehouse space at its existing site at Bucharest for retailer Auchan. The investment budget amounts to around...
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| Crosspoint Real Estate appointed exclusive sale agent for H Pipera Lake residential project in northern Bucharest  Crosspoint Real Estate has been appointed exclusive agent for the sale of the units in H Pipera Lake residential project, developed by Hagag Development Europe.
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| AFI Europe Romania posts 40.6 million Euro net operating income, up eight per cent in the first nine months  AFI Europe Romania published its financial results for the first nine months of this year (January - September). The data indicate a positive trend, with a eight per cent increase in net operati...
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| Immofinanz posts profit rise to 135 million Euro after nine months in 2018  Immofinanz has announced that its net profit turned positive with a significant increase to 135.0 million Euro after nine months in 2018. The results of operations more than doubled year-on-year...
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| CTP increases its international portfolio to five million sqm lettable milestone  CTP announces the reaching of the five million sqm lettable milestone this month. The company has developed a portfolio of business parks over the past 20 years located throughout central Europe...
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| certSIGN leases 2,300 sqm in AFI Tech Park 1 office building  The Romanian IT company certSIGN has leased 2,300 sqm in AFI Tech Park 1 office building, which now reached a 60 per cent occupancy rate.
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| Christmas leads to material implications for retail and office market players, says Colliers  December is a time for Romania to score positive results for sales at supermarkets, hypermarkets or discounters as well as for gifts, offering generous returns for retailers in shopping centers ...
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| Skanska delivers the first building of the Campus 6 office project in Bucharest  Skanska inaugurates Campus 6.1, the first completed building in Campus 6, a project that marks the expansion of Skanska Romania in the Center - West area of the capital.
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| Speedwell starts Record Park, a 42 million Euro mixed use project in Cluj-Napoca  Real estate developer Speedwell started the construction works of Record Park, the first mixed use development and urban regenerating project in Cluj-Napoca. The development process will attract...
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| Lagardere Travel Retail to open a 1 Minute store in Unirii View offices  Lagardere Travel Retail Romania will open a new 1 Minute restaurant within Unirii View office project, in February 2019, according to a press release.
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| P3 acquires 16 hectare site for new park in North West Bucharest  P3 Logistic Parks has acquired a 16-hectare site in Dragomiresti Vale, a prime logistic location on the north west outskirts of Bucharest. A new 80,000 sqm logistics park - to be known as P3 Bu...
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| Building for the future, now  The decision to buy a house is one we probably make once or twice in our lifetime. Therefor we want this decision to be the right one. A house should last the passing of time, fostering beautifu...
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| Cordia Romania receives building permit for Parcului20 residential project  Cordia Romania, Futureal Group`s residential development division, received the building permit for Parcului20 condominium, developed by the company in Expozitiei area, North Bucharest, on Parcu...
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| Belgian real estate developer WDP to launch new 75 million Euro projects in Romania  WDP kicked off its Investor Day in Romania by announcing an additional investment volume of around 75 million Euro, amounting to some 130,000 sqm in property, both through new development projec...
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| Almost 90 per cent of industrial and logistics stock is condensed in cities with highway access, says C&W Echinox  Romania's industrial and logistics market is currently benefitting from its best period in history, both in terms of supply and demand, with development being condensed in a number of large citi...
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| President Iohannis urges Romanians to be more united, stay involved in modernizing Romania  Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.
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| Dacia receives 115.8 million RON in state aid from the Finance Ministry  The Romanian Finance Ministry has signed five more grant agreements under the state aid scheme, and among the beneficiaries are Automobile Dacia, with RON 115.8 million.
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| EBRD cuts economic growth forecast for Romania  Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction and Development (EBRD)....
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| Europe must become a producer of new technologies, not just a consumer of technologies, says EC  Europe must become a producer of new technologies, not just a consumer of technologies, said Gerard de Graaf, Director for the Digital Single Market in Directorate-General "Communications Networ...
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| Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte  Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace as a result of the emer...
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| FDI in Romania rises 10 per cent after ten months in 2018  Non-residents' direct investment in Romania (net FDI) totaled 4.56 billion Euro in January-October 2018, around 10 per cent more compared to the same period of 2017, Romania's National Bank (BNR...
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| OTP Bank Romania signs investment funds distribution deal with Eurobank Fund Management Luxembourg  OTP Bank Romania signed a partnership with Eurobank Fund Management Company (Luxembourg) for the distribution of investment funds in Romania. Thus, from December 1st, OTP Bank Romania becomes th...
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| ArcelorMittal receives binding offer for European assets from Liberty  British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.
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| Catrina, MCSI: Romania is ready to roll up its sleeves and work during the presidency of the EU Council  Romania is ready to roll up its sleeves and work during the presidency of the Council of the European Union (EU), said Maria Manuela Catrina, State Secretary at the Ministry of Communications an...
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| Revolut gets European banking license  Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has finally come out of the ...
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| The Romanian labour market needs a well-thought approach, says FIC  The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting with 2015-2016 their me...
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| Fondul Proprietatea expresses disappointment over Engie listing rejection  Fondul Proprietatea is disappointed with the decision taken by the majority shareholder of Engie SA, Romania Gas Holding B.V., to oppose the listing of the company, according to a press release....
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| Black Sea Oil & Gas and Transgaz sign 15-year contract for the MGD Project gas production transmission into the NTS  Transgaz and Black Sea Oil & Gas signed the gas transmission contract for the transport of the Midia Gas Development Project (MGD Project) production into the National Transmission System (NTS)....
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| CE Oltenia denies media allegations, says it has no state debts  State-owned company CE Oltenia denies the allegations in the local media, according to which it has debts to the state budget worth over 100 million Euro, a press release shows.
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| MET Romania reaches third highest market share growth in 2018  MET Romania is one of the top five energy suppliers on the competitive market, with a nine per cent share this year, rising from 0.8 per cent in 2016, reaching the third highest market share gro...
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| Corina Popescu is the new CEO of Electrica  The Board of Directors of Electrica, one of the most valuable companies where the state is the main stakeholder, has agreed to end the collaboration with its CEO Dan Catalin Stancu starting Nove...
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| Editorial |
Changing the game - Reinvention
 Reinvention is all about letting go of everything but your very best and finding even better ways of using it. The true essence of sustainability is reinvention.
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| Daily Info |
Smart city is not a fad, it's a necessity
 In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the economy, the environment, governance, ur... | Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers"
 "We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of utilities, a compatible approach is ... | Telekom Romania, a strong supporter of Smart City development in Romania
 Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society and for the administrations's budg... | In the industrial era, the fight was for finite material resources. Not anymore
 Now organizations fight and develop themselves for and around their talent.
In a nutshell, getting ahead in today's business world is all about attracting and inspiring an energetic workforce. I guess the nat... | Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania"
 Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-purpose mobility solutions, says Ric... |
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