November 24, 2017

Two New Tenants Help Sonae Sierra Reinforce Romania’s Shopping And Leisure Offer Of Adora Mall

Sonae Sierra got two contracts in Romania for the entry of Best of Bowling and the Altex chain in Adora Mall. The mall is Sonae Sierra's new development, and will offer the inhabitants of Craiova an innovative … [Read more...]

300,000 Fiat Cars To Be Manufactured In Russia

Fiat announced that it has a 25% stake in US manufacturer Chrysler Italian. Days after its deal with local manufacturer Sollers fell through, the auto giant has announced it is to manufacture up to 300,000 … [Read more...]

Survey: Bucharest Inhabitants Richer Than The Rest Of The Romanians

The data gathered by Eurostat shows that Bucharest inhabitants have a three times higher average GDP per capita and purchasing power than the rest of the inhabitants. The report was published on 24 February … [Read more...]

Romanian President At Celebrations Of Kuwait’s Independence

On Saturday, the Romanian President Traian Basescu attended Kuwait’s celebrations of the country’s 50-year anniversary of its independence and 20 years of freedom from Iraqi occupancy. The Romanian … [Read more...]

Cosmote Invested Almost EUR1B In Romanian Operations Last 5 Years

Since its launch in December 2005, mobile operator Cosmote has invested almost EUR1 billion in Romania, growing from 0.4% to a 24% market share, while revenue reached EUR468.6 million at the end of 2010. … [Read more...]

Real Estate Investors Stay Aside Until Economy Picks Up

Blake Horsley is the head of the investment and office department of Colliers International real estate consultancy. According to Horsley, Romania must tell a nice economic story to regain its appeal in … [Read more...]

RCS&RDS Wants To Buy UPC

Telecommunications operator RCS&RDS is one step away from buying rival UPC, its fierce rival for over 15 years on the cable market. The transaction could amount to around 300 million dollars. Market … [Read more...]

Romania Cannot Adopt EU Tax Levels

Yesterday evening, President Basescu talked in a press conference about the European Union’s Com­petitiveness Pact, aimed at consolidating fiscal strategy and helping member states reach similar development … [Read more...]

Martisor Fair

The traditional Romanian “Martisor” feast is welcomed every spring. The Martisor fair started on Friday and will end on March 1st, at the Romanian Peasant Museum. More than 300 traditional artisans, … [Read more...]

Two … Incidents

A chill wind came off the vineyards in the hills above me, making me wish I had drier clothes.  I was on a country road now in the still cold but brightening valley, hitchhiking from Karlsruhe and heading … [Read more...]

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