Accor announces its first Handwritten hotel in Bucharest
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 […]
Cushman & Wakefield Echinox: Close to 215,000 sq. m of retail spaces delivered in 2023, the highest level in 7 years
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 […]
SVN Report: Romania has among the most accessible mortgages in the European Union
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 & […]
The Romanian app ESX reported a turnover of 10 million euros last year and aims to double it in 2024
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 […]
IULIUS bringing Inditex Group’s Lefties brand into the Iulius Town Timișoara mixed-use complex
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 […]
Johann Strauss Festival – 21st Edition
Continuing the tradition of Vienna’s Extraordinary New Year’s Concert, the Teaha Foundation, together with TheBizz and DeBizz Magazine, is pleased to invite you to the 21st edition of the Johann Strauss Festival, featuring an exceptional concert performed by the George Enescu Philharmonic Orchestra under the baton of the talented conductor Constantin Grigore. The event will […]
Colliers: Land market remains robust in Romania, ending 2023 on a strong note
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 […]
Cushman & Wakefield Echinox: Macroeconomic uncertainty, consumption contraction and interest rates are the main concerns for real estate investors
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”. […]
Albin Budinsky to head Hellmann Romania
Albin Budinsky Hellmann Worldwide Logistics has appointed Albin Budinsky as General Manager of its country organization in Romania with effect from January 1, 2024. Hellmann has been successfully established in the Romanian logistics market since the 1990s, where the international logistics provider mainly offers sea- and airfreight services from its offices in Bucharest and Constanta. […]
Holde Agri Invest appoints Daniel Adam as Chief Financial Officer
Daniel Adam Holde Agri Invest SA, one of the largest farmland operators in Romania, announces the appointment of Daniel Adam as Group Chief Financial Officer (CFO). The appointment of Daniel Adam as CFO follows the decision of Adrian Pirciu, who previously held this position, to focus on other professional initiatives. The change at the CFO […]