Author: TheBizz Team

Johan Gabriels & Alin Latu iBanFirst, a leading global provider of foreign exchange and international payments for businesses, present in 10 European countries, reports a 97% increase in FX risk hedging deals for Romanian companies in 2023 amidst global economic uncertainty and concerns regarding currency market stability. As challenging economic circumstances continue, the global provider […]

CTP launches a strategic collaboration with Arcese Group, a global logistics operator, which has leased 10,500 sqm at CTPark Bucharest West, the largest industrial park in Central and Eastern Europe (CEE). CTPark Bucharest West, spanning over 833,000 sqm of GLA across 314 hectares, is home to Romania’s first BREEAM Outstanding warehouse and boasts a dynamic […]

MoneyGold, a financial services network – lending, currency exchange, money transfer, and jewelry & electronics retail, part of Teilor Holding SA, concluded the year 2023 with a total of 109 agencies nationwide, following the opening of 19 new locations throughout the previous year. The total value of investments made in the network’s development in 2023 […]

World-leading hospitality group Accor joined hands with TECADRA HOTELS S.R.L., for the complete conversion and extension of the existing Tecadra Hotel. The existing 4-stars property is undergoing a full makeover of the façade, internal partitioning, and design. The 100-key Tecadra Bucharest Handwritten Collection will welcome its first guests in September 2025, thus becoming Romania’s first […]

Dana Radoveneanu, Head of Retail Agency Cushman & Wakefield Echinox Developers completed 11 retail projects in 2023, totaling approximately 215,000 sq. m, a record level during the past 7 years, with retail parks having a 60% share, with cities such Bucharest, Craiova, Alba Iulia, Arad, Giurgiu, Vaslui benefiting from such investments. The investment plans for […]

Alexandru Rădulescu, managing partner SVN Romania | Credit & Financial Solutions Romania has among the most accessible mortgages in the European Union, considering the average net wages at a national level and the costs of buying a one-bedroom apartment through a 25-year mortgage loan, reveals a market report issued by SVN Romania | Credit & […]

Andrei Trofin, CEO and founder of ESX The ESX application, an app that offers a subscription with unlimited access to hundreds of sports centers and gyms in Romania, ended 2023 with a 250% increase in turnover, rising from 4 million to 10 million euros. The growth was due to constant expansion, with ESX currently present […]

Lefties, the well-known brand by Inditex Group, one of the largest fashion retail companies in the world, is opening its second Digital Store in Romania this year in the Iulius Town Timișoara mixed-use complex, spanning on an area of 5,000 sqm. “2024 will be a very dynamic across the IULIUS network. In Timișoara, we will […]

Sinziana Oprea, Director Land Agency at Colliers Romania The volume of land sales for commercial real estate projects in Romania (excluding for industrial and logistics projects) declined by less than 10% from the 2022 level of 450 million euro, and remains considerably above pre-pandemic levels, according to Colliers estimates. The start of the year and […]

Vlad Săftoiu, Head of Research Cushman & Wakefield Echinox Macroeconomic uncertainty, consumption contraction, interest rates and also inflation are the main factors which may impact the Romanian real estate market, according to the real estate investors and developers who responded to the second edition of the Cushman & Wakefield Echinox “Real Estate Investors Sentiment Barometer”. […]