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Billa exits Romanian market, retail network passes to Carrefour

Carrefour announced the signing of an agreement with Rewe Group, in which Carrefour takes over the German company’s retail network of 86 supermarkets in Romania. With this move, Billa exits the Romanian market.

4.1 pct growth for Bucharest economy, forecasts National Prognosis Commission

Bucharest economy will grow by 4.1 percent next year, at the same rate as the national average, National Prognosis Commission (CNP) estimates show. GDP per capita will exceed EUR 22,300, which is EUR 1,400 above 2015 values and more than two times the average of Timis county, the second highest in the country.

Nusco to develop luxury residential project downtown Bucharest

Italian Nusco group, with businesses in real estate and in doors and windows industry, is developing a luxury residential compound downtown Bucharest, named Premio Exclusive City Center, representing the company’s second residential development, as the developer was mainly involved in the office segment.

Dedeman interested to buy a land in Bucharest from Industria Iutei

Construction retailer Dedeman, owned by Adrian and Dragoș Pavăl brothers, is interested to buy a 2.7 ha land in the area Trafic Greu in Bucharest from the manufacturer of woven flax and hemp Bucharest for a price of EUR 230 / sq. m, totalling more than EUR 6 million.

Remax Romania expands local network to 15 offices in Romania

Remax continues its expansion locally and announces the opening of two new offices in Bucharest and Oradea, thus reaching 15 agencies in Romania.

Over 60 pct of Romanian executives expect positive economic development for 2016

With most CEE companies casting an optimistic eye to next year’s economic situation, Romanian executives are among the most enthusiastic, as 63 percent of the respondents expect an improvement of the economic situation in 2016, according to the results of the KPMG survey “Pulse of Economy 2015”.

Romania’s labour costs up by 7.3%

The labour cost in Romania increased by 7.3% in the third quarter of the year compared to the same period of last year.

Arthur Popa takes over as CEO of Baneasa Developments

Starting in January 2016, Arthur Popa will be the new CEO of Baneasa Developments, a company that owns Baneasa Shopping City and Grand Cinema & More. He will replace Georgios Argentopoulos who takes office in the board of directors of the company.

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