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Articles

Soros took over 5% of IGD shares, Winmarkt’s owner

An investment fund managed by Soros Fund Management, owned by the billionaire George Soros, bought a package of approx 5% of the shares of the Italian group Immobiliare Grande Distribuzione (IGD), the owner in Romania of Winmarkt network, Reuters informs.

New business district in Bucharest

Bucharest City Hall intends to develop a “justice district”, a concert hall and administrative spaces.

AFI Cotroceni sales exceeded EUR 200 million in 2013

Official numbers show 5-6% growth f the retail market last year and the results are also present in Afi’s case. The results of the mall will reflect the situation in the retail market, said Israel Vizel, manager mall division AFI Europe.

Forbes: Best Romanian cities to do business in

Bucharest, the city that generates 20 percent of the country’s GDP, is the best city in Romania for business, according to a ranking by Forbes Romania.

Cluj, the district with most young entrepreneurs in Romania

With only 18% of Bucharest’s population, the district of Cluj has founded most of the companies in Romania. Bucharest is on the second place.

NRCC names new executive director, communications manager

The Netherlands-Romanian Chamber of Commerce (NRCC) has appointed Mircea Alex Dascalu as the executive director of the association and Anna Heijker as communications manager.

Delhaize leaves Bulgaria

Belgian supermarkets group Delhaize said on Wednesday it had sold its Bulgarian business to AP Mart for an undisclosed sum as it focuses more on core markets, writes Reuters.

New Hub for IT Multinational Companies in Romania

Transactions involving office spaces in Romania’s capital city Bucharest exceeded 300,000 square meters in 2013, the highest volume reported in the last six years, with one third of the transactions closed by IT&C companies.

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