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Bucharest’s Magheru Boulevard World’s 55th Most Expensive Retail Location - Survey
The Magheru Boulevard in Bucharest is ranked 55th in a Cushman&Wakefield chart of the most expensive 64 boulevards in the world, with an average annual rent of EUR600 per square meter (or EU...
Romanian Retail Sector Development Hampered By Macroeconomic Situation - Survey
The development of the Romanian retail sector has been cramped by the country’s macroeconomic situation, and household consumption declined in 2012 as the country’s gross domestic product in...
Bucharest’s Old Center Street Lipscani To Turn Into Shopping Destination In 2-3 Years
Lipscani Street in the Old Center of Bucharest, a once thriving shopping street of the city, which is now struggling to regain its identity, will become a major shopping destination again in...
JLL: A Quarter Of Shopping Centers In Romania Need Upgrading
One of the reasons why some shopping centers in Romania are facing difficulties is that they failed to keep pace with changes on the retail market and did not invest in modernization, Carmen...
Malls Conquer Bucharest’s Plants
Bucharest’s heavy industry has been turned into scrap iron or relocated on the outskirts at best in the last ten to fifteen years and the former plant sites have and will continue to be used...
Germany Invested Some EUR3B In Romania’s Construction And Retail Markets
Germany, the third largest foreign investor in Romania’ economy, with more than EUR6 billion pumped locally over the past twenty years, neither brought any of its major banks to Romania nor...
Turdean, Farmec Cluj: We Need To Be Better Represented Abroad
Farmec Cluj, a Romanian company that has been manufacturing cosmetics for more than a hundred years is competing with multinationals and exporting to 35 countries throughout the world. In th...
Ropharma’s Retail Business To Expand To 150 Pharmacies By Late 2014
Pharmaceutical wholesaler and retailer Ropharma could see its retail pharmacy network reach 150 pharmacies by the end of 2014 from the current 126, says businessman Mihai Miron, who controls...
NEPI To Start Construction On Three Malls By Christmas
South-African investment fund NEPI plans to start work on three more retail projects in Romania by the end of this year, which will entail a total budget of around EUR200 million. The fund h...