Praktiker opens Targoviste store following EUR 7.9 mln investments

German do-it-yourself (DiY) retailer Praktiker Romania has opened its 18th store in the country, following a EUR 7.9 million investment. The store, located in Targoviste, is the second one opened this year, after the April ... More


Carrefour opens eight hypermarket in Romania

Retail company Carrefour is opening on Wednesday its eight hypermarket in Romania, to replace the former Univers’all store at Piata Unirii in Bucharest, with a minimum investment of EUR 2 M announced in march, Mediafax ... More


Granity co to invest in Burgas multi-purpose center

Granity, the local construction materials retailer, said it will start the construction in Burgas of multi-purpose center comprising warehouses, showrooms and office premises. The company already operates storage facilities in ... More


German retailer Plus Discount to open outlet in Pavlikeni

German retailer Plus Discount, a Tengelmann company, said it will invest 1.8 mln levs in an outlet in Pavlikeni, a city in Northern Bulgaria. The discount retailer has won an auction for a 0.7 ha municipal lot in the city ... More


Delta Maxi takes over Tropic

Company Delta Maxi, which operates as part of the largest Serbian company Delta holding, is set to sign an agreement on the takeover of retail trade chain Tropic-retail from Banja Luka, the capital of Republika Srpska, reports ... More


Equest fund in talks to sell Bulgarian store chain Familia

British equity fund Equest is in talks with four unnamed potential buyers to sell Bulgarian food retailer Familia, Equest managing partner Georgi Krumov confirmed for Dnevnik. The disposal is imminent and will happen just two ... More


Anchor borrowed EUR 150 M to refund Plaza Center and Bucharest Mall

The Turkish group Anchor obtained a loan of EUR 150 M from the bank Eurohypo Germany for the refunding of the commercial centers Bucharest Mall and Plaza Romania, announced yesterday the real estate developer. This is one of the ... More


EBRD has EUR 80 million financing for commercial centers

The European Bank for Reconstruction and Development EBRD has granted a EUR 80 million loan to Aura Investments and GTC for the development, construction, letting and management of retail outlets in Romanian regional cities. The ... More


Mercator Opens Shopping Mall in Serbia

Retailer Mercator opened on Friday in Belgrade a 22,000 square metre shopping mall M-Rodic, one of the biggest such facilities in Serbia, the company said in a press release. The mall, which will bring some 500 new jobs, was ... More


New Super Vero stores to open in major cities

The owner of the Greek retail chain Veropulos, Nikos Veropoulos, has announced new investments and the opening of mega stores in Serbiàs major cities. The company has so far invested 32 million euro in Serbia, reports ... More


Auchan Romania opens supermarket and hypermarket

Auchan Romania will open in September a new supermarket located within Iulius Mall in Timisoara. The unit will be open temporarily until a hypermarket will be opened in that area. The supermarket will have a 2,600 sqm area and ... More


Profiland invests EUR seven million in Brasov mall

Profiland will invest EUR seven million in developing a mall in Brasov. The works are estimated to be finished next year. The mall will have 10,000 sqm, and is the second one in Brasov. The first one is called Manoil Mall, and ... More


Plaza Group to open chain of commercial centers in Serbia

The opening of a chain of commercial centers in Serbia was at the centre of talks today between Serbian Minister of Trade and Services Predrag Bubalo and chairman and majority shareowner of the Plaza Centre Group from The ... More


Polish developer GTC to build shopping mall in Varna

GTC Bulgaria, the local unit of Polish developer Globe Trade Centre (GTC), has acquired a 65% stake in a retail project in Bulgarian coastal city Varna, the parent company said in a press release on its corporate website. The ... More


Polish developer GTC to build shopping mall in Varna

GTC Bulgaria, the local unit of Polish developer Globe Trade Centre (GTC), has acquired a 65% stake in a retail project in Bulgarian coastal city Varna, the parent company said in a press release on its corporate website. The ... More


IKEA plans to open large sales centre in Belgrade

Plans by IKEA to open a large sales centre in Belgrade, followed by others in major Serbian towns, were discussed today by a delegation of the Swedish furniture giant and Trade and Services Minister Predrag Bubalo. It was ... More


German retailer Penny Market to enter Bulgaria with Pleven store

German discount retailer Penny Market, part of the Rewe Group, will open a hypermarket in Svilengrad, Southern Bulgaria. The news was announced by Sofia-based company Business BG Group which recently won a municipal ... More


Italian Group Zamparini opens shopping center

Italian group Zamparini will open the new shopping centre "Mandi" in September in Zagreb, the local press reported. The new centre will be spread out on 30,000 square metres of surface and will house the shop Mandi, the ... More


Tesco Kipa not in talks with Migros

Kipa, the Turkish subsidiary of Europe’s largest retailer Tesco, is not currently in talks with Migros, though CEO Simon King did not seem to reject the idea of expansion through acquisition in his speech at a press meeting ... More


Flamingo opens Flanco World store in Baia Mare

Flamingo International opened in Baia Mare a store under Flanco World brand, following an investment of EUR 700,000. Flamingo International includes Flanco, Flanco World, Flamingo and Future Shop retail networks and the ... More