Bucharest | Romania Feed

Hidroelectrica (stock symbol: H2O), Romania's largest electricity producer and the largest company listed on the Bucharest Stock Exchange, has announced in a press statement that it has signed a Memorandum of Collaboration with the Technical University of Civil Engineering of Bucharest.

Bucharest’s Calea Victoriei (Victory Avenue), the main shopping street in Romania, has climbed two positions, to 38, in the ranking of the world’s most expensive shopping destinations, as Bucharest rents have in the past year posted the seventh strongest increase among the 138 markets analyzed globally in the latest “Main Streets Across the World” report drawn up by real estate consultancy Cushman & Wakefield.

Poland’s LuxVet Group, which operates on the market of veterinary clinics and hospitals in Central and Eastern Europe, has bought Pet Stuff, is one of the largest veterinary hospitals in Bucharest and Romania.

Prima Development Group, an Oradea-based real estate developer, has secured the construction permit for a residential project in Bucharest, PRIMA Astera, an investment put at EUR65 million.

Holding company Meta Estate Trust has announced the total exit from the boutique residential project developed by APX Immo Property in Bucharest’s Cotroceni area.

Cake shop chain Damarin is investing EUR500,000 in a chocolate product lab, a project that will allow the company to expand beyond Craiova. Bucharest is the first target.

Bucharest’s Corinthia hotel will open in the first part of 2025, more specifically in the first quarter, Simon Casson, Corinthia Group CEO, told ZF.

Stripe, an Irish-American fintech valued at $50 million that has globally developed an infrastructure allowing companies to accept payments by card but also via different local platforms, has reached a team made up of over 50 people in the center it opened a year ago in Bucharest and continues recruitment.

Life Group, the brand under which dental clinics Life Dental Spa and VivoDental operate, has recently opened a kids’ dental center in Bucharest’s Dorobanti area and a clinic in Timisoara, in the wake of total investments worth above EUR1 million.

Bucharest’s Royal Hospital, founded by gynecologist Ioan Stoian, with EUR5.8 million turnover last year, expects 20% higher results for 2024 and plans to add another two floors and a new surgery hall.

German retailer Lidl continues to invest in Romania by opening three new stores in Bucharest, Sibiu and Rasnov, for which 86 new jobs have been created.

Around 77,000 square meters of offices were traded in Bucharest in the second quarter of this year, with net demand posting a strong recovery, with a 62% share of traded volumes, the biggest quarterly weight since Q1/2022, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.

Danone, one of Romania’s largest dairy makers, is, starting this summer, producing high-protein yoghurts under YoPRO brand in its Bucharest plant.

Scandinavian home furnishings retailer JYSK, continues to expand in Romania and is opening two new stores, in Cluj-Napoca and Bucharest, thus reaching a 145-unit network locally.

Adrian Apostu, owner of Dino Parc of Rasnov, Brasov county, is readying another two similar projects, with different thematic, near Bucharest and in Covasna county. Investments in both projects, set to be completed in 2026, will revolve around EUR15 million.

Germany’s Infineon Technologies has pre-let a 20,000 square meter office building to be developed by One United Properties in the Pipera area in Bucharest, where it will open a research and development center.

Leroy Merlin, the second largest DIY retailer locally by turnover, is readying to open a new store in Bistrita next year, also having works underway for other openings both in Bucharest and other cities.

Computer and electronics retailer Flanco, the second largest actor in the local sector by turnover, has relocated its headquarters to the Sky Tower office building in capital city Bucharest, the tallest building in Romania, held by Raiffeisen Property Holding International.

Construction works on Phase II of the Nusco City project in northern Bucharest started in fall 2023 and the first three blocks of apartments, out of a total seven blocks of this phase, are due to be delivered at the end of 2025.

Administrative and compliance service provider TMF Group has signed a lease for 1,700 square meters of office space in America House, the office building whose owners include Morgan Stanley, along with David Hay, in Bucharest’s Central Business District (CBD).