DEVELOPMENT
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Recipe for Underdevelopment: Romania Exports Grain and Workforce and Imports Pork
The COVID-19 revealed even better how the economic ties between Romania and the major countries of the EU work: Romania exports grain and imports finished products. First by corn production...
One United Properties: Demand Remains High, No Reason To Slow Down Development
Real estate developer One United Properties has signed more than EUR5 million worth of contracts to sell apartments in the past month alone. Even though home buyers’ appetite dropped quite a...
Logistics Space Developer Element Industrial Continues Investments
Element Industrial, a Romanian-owned developer of logistics space, continued buying land for future logistics warehouses as demand for such space remains high.
Sales Of New Homes On Hold, Developers Say
Sales of homes were put on hold a few weeks ago as people are spending more time in their homes and cannot go see homes and there are uncertainties about the economic situation after the COV...
Retailer Profi Set To Continue Development As Planned
Grocery retail chain Profi held by buyout investor Mid Europa Partners will continue to open new stores at the pace set at the beginning of the year, despite the pandemic and announced it wo...
AFI Europe Romania Prepares To Add Retail, Office, Residential Space And Hotel To AFI Palace Cotroceni
AFI Europe Romania is preparing to expand the AFI Palace Cotroceni with new retail space, a hotel, office and residential space, which will take the project valued at some EUR700 million to...
VTEX To Invest $4M In Romania In Next 2 Years; Its Bucharest Center To Coordinate Regional Development
VTEX, one of the world’s leading e-commerce platforms, will invest $4 million in development in Romania, over the next two years, of which $1.5 million will be allocated in 2020.
Iulian Dascalu Plans to Build Biggest Real Estate Project in Romania at Romexpo
The Chamber of Commerce and Industry of Romania has started the necessary steps to secure the permits needed to begin the real estate project at Romexpo, according to Bucharest City Hall dat...
Peeraj Takes Over Development of Japanese Discount Retailer Miniso in Romania
Japanese discount store chain Miniso, which officially arrived in Romania in the fall of last year, will continue development in Romania through franchising via Peeraj, the most important fa...