Economics
August 14, 2020 17:16
Stratulat Albulescu has successfully represented Compania Romprest Service S.A. (“Romprest”), one of the Romanian leaders in waste management, in obtaining a landmark decision by the Bucharest Court of Appeal, with the annulment of the minutes and corresponding Decision for ascertaining the irregularities and establishing the budgetary receivables issued in 2018 based on AMPOSDRU financing agreement, and with the obligation of the defendant, namely Ministry of European Funds, to reimburse the plaintiff the amount of LEI 4,724,889.90 (EUR 973,935.41), as well as to pay the plaintiff the related legal interest, starting with the date of filing the lawsuit, namely 9 February 2018, until the date of actual payment....more »
August 14, 2020 17:10
The delivery company Sameday continues its expansion in Romania in the context of a continuing growing market, by leasing a space with an area of approximately 1,200 square meters in Tunari, near Bucharest, a transaction intermediated by the ...more »
August 14, 2020 17:06
Bureau Veritas and the Federation of the Romanian Hotels Industry (FIHR), launched a standard based on sanitary measures to support the hotel and restaurant industry to show compliance with best practices for preventing the spread of the new Corona...more »
July 30, 2020 10:20
River Development, the developer of The Light project, leased to ON Semiconductor an area of 3,200 square meters in the first building - The Light One. The rented space was handed over in July 2020, for a period of 5 years.
“The Lig...more »
July 30, 2020 09:56
Sinsay, the Polish LPP brand signed with Colosseum Mall to open its flagship store in Bucharest, thus bringing an unique concept to the Romanian market. With a surface of 2000 sq m, the store from Colosseum Mall is going to be the largest LPP store...more »
July 27, 2020 11:20
The Superbet Group, one of Central and Eastern Europe's largest sports betting & gaming company, announces the acquisition of a 60% stake from Lucky7, an online casino founded by Olof Orn, Karl Ahlberg and Magnus Petersson. The transaction is the second step after an initial investment in the start-up phase, that, early in 2019, helped Lucky7 on their initial growth path....more »
July 27, 2020 11:08
The modern retail stock in Romania, consisting of shopping centers, retail parks and commercial galleries with a leasable area of at least 5,000 square meters, has reached 3.96 million square meters and will exceed the 4 million sq m threshold until the end of the year, according to Bucharest Retail Market and Retail Regional Cities reports, made by Cushman & Wakefield Echinox....more »
July 27, 2020 11:02
New housing has become more expensive in most European countries over the last years, including 2019. Among 23 countries participating in Deloitte Property Index Study, 20 showed growth in prices of new dwellings and only three of them saw a&n...more »
July 23, 2020 16:32
GOVNET Romania continues the series of online conferences dedicated to the Romanian business environment, with a new GovNETLive event that was organized on Thursday, July 16, 2020, on "Employee Safety at Work and Work at Home", developing within it...more »
July 23, 2020 10:30
The COVID-19 pandemic has had a profound impact on the business environment. With crypto currency as a growing part of international transactions, most businesses have exposure to crypto currency, while rogue actors are intensifying their activity ...more »
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