Bucharest | Romania Feed

HILS Development, the real estate development company of Ionut Negoita, brother of Bucharest’s Sector 3 mayor, has started an urban regeneration project in the Republica area of the city, on the former industrial site Faur-Republica, where it is building a 5,000-apartment complex.

Lithuanian-held Spark, a provider of electric car-sharing service via a mobile app, which started operations in Romania in 2019, has expanded its service coverage to four new areas in Bucharest – Promenada, AFI Cotroceni, Unirea Shopping Center and Cosmopolis residential complex, its officials said in a release.

Turkey’s Jimmy Key, with an over 30-year experience in womenswear, will open its second store of Romania on December 8 in Bucharest’s AFI Cotroceni shopping center developed by AFI Europe.

Autonom group, founded by brothers Marius and Dan Stefan, has launched a new ride hailing service on Bucharest market, called Blue, in the wake of a EUR5 million total investment.

One United Properties (ONE.RO), the leading investor and real estate developer of sustainable residential, mixed-use and office projects in Romania, has concluded a partnership with Armani/Casa, the world leader in luxury furnishings, which targets the creation of a unique interior design concept at the One Lake Club project in capital city Bucharest.

Hyatt, a leading global hospitality company is prospecting the Romanian market as part of its strategic expansion plans in Eastern Europe. The group is seeking to make its entry into the local market by opening an upper-scale hotel in Bucharest, featuring around 200 rooms.

Affidea Romania, the largest player on the medical imaging, outpatient and treatment services market, has acquired the Biomed Scan medical centers in capital city Bucharest.

Akcent Development, part of Romanian entrepreneurial group Alfa Group, set up by Alin Niculae, has started building 723 apartments in Bucharest’s Bucurestii Noi area, close to Jiului underground station.

Bucharest, Brasov and Arad will get new hotels under international brands as of 2024. The local market will add more than 580 rooms in such hotels from various brands.

Bucharest has significantly decreased its share in the number of new homes delivered in the last three years, while secondary areas such as Ilfov region have increased theirs, amid administrative gridlock and uncertainty in the urban development climate, say representatives of BREC - Bucharest Real-Estate Club - an association of the largest real estate developers on the local market.

Donna Medical Center of Bucharest, a business set up in 2011 by Elena Claudia Teodorescu, a radiologist specializing in breast imaging, has opened a new clinic in Romania’s capital city, a women’s oncology center, in the wake of EUR250,000 investments.

The company Mad Planning and Projects has fully rented out the office building Coltea Media Building in downtown Bucharest to Bitcoin Romania.

US premium sound system maker Sonos chose northern Bucharest to open its first store in Romania at the end of last week, as part a plan to expand in the region, a market it sees as having potential.

Daniel Baluta, mayor of Bucharest’s District 4, together with Giurgiu County Council, have started procedures for the construction of an airport in Bucharest’s south.

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 opened an IT center in Bucharest, where it plans to recruit several tens of specialists in 2023 alone.

The International Monetary Fund announced today that a team led by Jan Kees Martijn will be in Bucharest during the September 25-October 4 period to assess the state of the local economy, within the annual analysis carried out by the institution.

Transport and logistics company SLS Cargo, owned by FAN Courier, is launching the first intermodal terminal it operates exclusively in industrial park P3 Bucharest A1, in the wake of a RON1.9 million investment.

The asking prices of old three-room apartments in Bucharest increased in August after a slight decline in July.

Bucharest’s 5-star hotel Sheraton in the first half of this year posted an average occupancy rate of between 60 and 70% and over 10% turnover growth amid rising accommodation tariffs.

Flaros (FLAO.RO), a company that leases out its own space and is held by Infinity Capital Investments (formerly SIF Oltenia), has secured approval from shareholders to sell four plots of land totaling 5,700 square meters in Bucharest, the General Meeting of Shareholders’ decision published on the Bucharest Stock Exchange shows.