Banca Transilvania has lent EUR20 million to real estate developer STC Partners for the development of Bucharest’s housing compound Quartier Ferdinand, a total investment of above EUR35 million, due to be completed in the fourth quarter of 2026.
IKEA is opening the first Plan and Order Point in Bucharest, in the Orhideea area, a year after launching the format in Constanta.
Global law firm Dentons has announced the promotions of four lawyers in Bucharest to counsel, namely Sandra Constantin, Stefi Ionescu, Luiza Onofrei and Cosmin Roman.
Bucharest hotel market had a solid performance in 2023, further recouping the declines suffered during the pandemic in terms of RevPAR and occupancy rate, while the daily average tariff exceeded the threshold of EUR100/room, according to real estate consultancy Cushman & Wakefield Echinox.
US restaurant chain Popeyes will open a new unit in May in Bucharest, in shopping center Mega Mall, and will reach seven units in the capital city.
Home sales in the first quarter of 2025 dropped by 5.4% in Bucharest, while Ilfov county saw a 2.4% increase against the year-earlier period, reveals an analysis conducted by real estate consultancy SVN.
French-held retailer Auchan opened its first ATAC discount hypermarket in Bucharest on Thursday. This is the eighth discount hypermarket of Auchan, the rest of which operate in other big cities of Romania.
Dutch-Belgian group Ahold-Delhaize, which owns modern grocery retail chains Profi and Mega Image in Romania, has hired 100 people for its technology studio in Bucharest, which it opened last year. The target is to reach 250 employees, which the group last year said could be done by the end of 2025.
Hils Development, the real estate company controlled by entrepreneur Ionut Negoita, has announced that it has fully sold its two residential compounds located in the eastern part of Bucharest, namely, HILS Pallady and HILS Splai, which feature a total of 2,019 apartments.
Comtim Romania, formerly Smithfield Romania, the largest actor on the pork market in the country, has opened a store in Bucharest, its first outside its home of Timisoara, where it has only one store inside its factory.
Private investment firms Cerberus and Revetas are considering the sale of the Radisson Hotel on Calea Victoriei in Bucharest, after having sold the Landmark office space complex in the same city in 2024, market sources say..
Romania housing market started 2025 on a downward trend, with the number of deals falling in January by 17% countrywide and 18% in Bucharest, reveals an analysis by Storia, the real estate platform launched by OLX.
In December 2024, 18.7% more homes were sold in capital city Bucharest than in November 2024, namely, a total 5,136 properties, compared to 4,326 units bought in the penultimate month of 2024, official data from the National Agency For Cadaster and Real Estate Publicity (ANCPI) showed on Tuesday (Jan. 14, 2025).
December 2024 brought a strong price increase on the Bucharest market of old three-room apartments after a year and a half of advances.
International Workplace Group, the world’s largest hybrid work solution provider, with brands such as Spaces and Regus, is opening a new flexible work space in Bucharest, in Vastint Business Garden building, in a bid to meet the ever rising demand for such spaces on the local market.
Private ophthalmology hospital Infosan is opening a new ophthalmology clinic in Iancului area in Bucharest in the first part of this year, following a EUR2 million investment.
Bucur SA Bucuresti (stock symbol: BUCV), a company engrossed in selling food products, spirits and coffee, and in property lease, has announced in a stock market report on Dec. 23 that it will organize a competitive outcry auction for the sale of a plot of land in capital city Bucharest.
Louis Vuitton, one of the biggest names in the luxury industry, has opened a new store on the ground floor of the Athénée Palace Intercontinental Hotel on Calea Victoriei in Bucharest. The boutique took both the space vacated by Gucci and the space next to it, ZF has found.
Nusco, one of the leading and most active real estate market players, has sealed the partnership via which Hyatt will open its first hotel unit in Bucharest, in one of Romania’s largest urban regeneration projects, Nusco City.
Nine months after its launch in Romania, Munch app that aids reduce food waste, has reached 180 partners in 291 locations of Bucharest and Iasi, marking a 40% increase over the past six months.