DEVELOPMENT
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Altex Owner Branches Out Into Software Development
Entrepreneur Dan Ostahie, who owns Romania’s leading computer and electronics retailer Altex, has established a company that will develop software for retail and distribution companies.
AKTA Gets EUR10M From EBRD For Development
The largest independent cable TV provider in Romania, which operates via two companies – Digital Cable Systems (DCS) and AKTA Telecom, using the AKTA brand, has taken out a EUR10 million loa...
Gran Via Buys Plot From Lidl For Residential Development In Northern Bucharest
Spanish-held Gran Via group, which developed the Timisoara 58 residential complex in western Bucharest, has recently bought an over 9,600 square meter plot of land from Lidl retail chain, pa...
Forte Partners Invests EUR70m In Office Developments In Bucharest
Real estate developer Forte Partners, founded by three businessmen - Geo Margescu, Ionut Dumitrescu and Johny Jabra, is preparing about EUR70 million investments in two office projects in Bu...
New Office District Shaping Up In Central-Western Bucharest
The central-western part of Bucharest, which includes the Orhideelor area, the Basarab Overpass and the areas around the Grozavesti, Petrache Poenaru and Politehnica subway stations, is shap...
Mega Image And Decathlon Set Up Shop Near Baneasa Shopping City
Mega Image supermarket chain and sporting goods retailer Decathlon are developing a new project across the street from the Ikea store and the Baneasa Shopping City.
Xavier Piesvaux, Mega Image: We’ll Expand To 500 Stores In Bucharest
Xavier Piesvaux came to Romania a decade ago when the Mega Image network numbered 19 stores and during his term the retailer became the largest in Romania, growing to 420 stores under severa...
Accor Sees Room For Development In Romania, Discusses Options
There is room for development of new hotels in Romania, says Frank Reul, the Belgian executive put in charge of the operations of the French hotel chain Accor in Romania, Macedonia and Bulga...
Alexandra Copos Develops Ana Pan Network
Alexandra Copos de Prada, who took the reins of the Copos family hospitality and bakery businesses one year and two years ago, plans to turn Ana Pan into the leading retailer of bakery and c...