Real estate

Business Forum   |   24 January, 2025 at 7:46 AM

M Core buys Shopping City Suceava

M Core, the biggest owner of retail parks in Romania, has purchased Shopping City Suceava from Argo Capital, for an undisclosed sum.

Business Forum   |   23 January, 2025 at 6:19 PM

Roca Industry names new CEO

Camelia Ene has been appointed CEO of Roca Industry, the first Romanian holding company of construction materials manufacturers. She is replacing Ionuț Bindea, who hold the roles of Chairman of the Board and Senior Investment Manager of Roca Investments.

Business Forum   |   23 January, 2025 at 4:20 PM

Zacaria kicks off retail project in Cisnădie

Zacaria Group, specialized in the development of residential and industrial projects, has started the construction of its first retail project in Cisnădie.

Business Forum   |   22 January, 2025 at 1:39 PM

KÉSZ Group resi project in Bucharest reaches 27% sale rate

KÉSZ Group has announced that its Corallis residential complex in Bucharest has already sold homes amounting to around €11.5 million, which accounts for 27% of the whole residential stock in the project. 

Business Forum   |   15 January, 2025 at 10:27 AM

Land deals in Romania reach €450 million in 2024

The Romanian land market totalled around €450 million in 2024, a figure similar to 2023, with the residential sector generating the highest volume of transactions, according to estimates by Colliers Romania. 

Business Forum   |   14 January, 2025 at 2:54 PM

Resi sales up by 7.6% in the Bucharest-Ilfov region in 2024

Sales of houses and apartments increased by 7.6% in Bucharest and Ilfov region, in 2024, compared to 2023, according to an analysis by SVN Romania. During the same period, national sales increased by 6.6%. 

Business Forum   |   14 January, 2025 at 12:09 PM

Home sales increased by 6.6% at a national level

The highest annual increase in home sales among the five largest regional residential markets in Romania was recorded in Iasi, with an increase of 38.1%.

Business Forum   |   13 January, 2025 at 11:07 AM

Griffes closes 2024 as market leader

Griffes' activity outside Bucharest accounted for 25% of its total transaction volume, with Cluj-Napoca leading the way.

Business Forum   |   9 January, 2025 at 8:49 AM

IWG opens new coworking space in Bucharest

IWG is opening a new coworking location under the Spaces brand in Bucharest-based Vastint Business Garden building that will focus on hybrid work demand.

Business Forum   |   7 January, 2025 at 8:21 AM

Ahold Delhaize completes Profi acquisition in Romania

Ahold Delhaize has completed the acquisition of Romanian food retailer Profi Rom Food SRL (Profi) from MidEuropa for approximately €1.3 billion, the Belgian retailer announced in a press release. 

Business Forum   |   21 December, 2024 at 11:03 AM

MAS sells strip malls in Romania for €49 million

MAS has entered an agreement for the disposal of all its strip malls in Romania to M Core Group for €49 million. The deal pending approval from local authorities could be completed by March 2025.

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Economy

McDonald's plans to create over 500 new jobs in Romania this year

Premier Restaurants Romania, the operator of McDonald's restaurants in Romania, has launched a national recruitment campaign as part of its expansion plans. The company aims to create over 500 new jobs in 2026, with more than 1,400 positions planned over the next three years.

Industry

Sphera Franchise Group posts sales growth in Q1 2026

Sphera Franchise Group, Romania's largest food service group, reported consolidated sales of €75.6 million in Q1 2026, up 4.2% compared to the same period last year. Growth was driven by the return to positive performance of KFC Romania and the strong evolution of Taco Bell.

Energy

Hidroelectrica awards €30 million solar plant contract

Hidroelectrica has signed a contract for the turnkey development of the Tudor Vladimirescu Photovoltaic Power Plant in Brăila County, marking a step in the company's strategy to diversify its renewable energy generation portfolio.