Bucharest | Romania Feed

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.

Turkey’s menswear brand AC&co is set to open a new logistic center in Bucharest, with a 1,000-sqm area, and is seeking to hire 90 persons, with 18 of them due to work in the 19 stores of Romania.

Belgian-held drywall products maker Etex Building Performance (the former Siniat Romania) will invest EUR28 million in a plasterboard plant near Bucharest, which is set to start operating in 2025.

Museum of Immersive New Art (MINA), an innovative initiative presented by George.BCR and conceived by One Night Gallery and Le Petit, is set to open starting August 25 in Bucharest and become the first immersive space in Romania and the largest new media art center in Southeastern Europe.

Metro Romania plans to build two new warehouses from scratch, in Bucharest and Cluj, with these set to be used for delivery operations.

City Grill restaurant group, one of the leading players in the Romanian HoReCa industry, announces the completion of an investment worth almost EUR2.5 million for the modernization of the Buongiorno Italian restaurants in capital city Bucharest, a project started in 2019.

Bucharest’s four-star hotel Cismigiu, one of the city’s monument buildings, controlled by Spain’s Hercesa, ended the first half of this year with 15% higher revenues than in the first six months of 2019, the best year in tourism, according to the company’s officials.

Dental clinic chain Dr. Ardeleanu, launched on the market in 2018, has opened a new unit in Bucharest, in housing compound Cotroceni One, now owning four clinics.

Cotroceni Park, the company via which the revenues of Bucharest’s AFI Cotroceni mall are reported, in 2022 posted turnover worth RON331 million, a new record high. Against 2021, the result is 58% higher. However, the company stayed in the red, with a RON31.4 million negative result.

The asking prices of the old three-room apartments in Bucharest slowed down in June as the annual growth reached a mere 0.5% or EUR550 year-on-year to EUR109,750, the ZF real estate index compiled in partnership with real estate consultant SVN Romania shows.