French service logistics provider ID Logistics, with a turnover of over EUR 1 billion last year, entered the local market by taking over the management of a 60,000 sqm warehouse of the French retailer Carrefour. The warehouse, located in Chiajna, near Bucharest, will employ 400 people. They will receive and store the products and will The post Logistics firm listed on the Paris bourse enters Romanian market appeared first on Romania Insider .
Turkish real estate developer Anchor Grup, which built the first modern shopping center in Bucharest, Bucuresti Mall, will invest EUR 9.5 million in the Pallady Towers residential project. The project has 200 apartments and is located in Eastern Bucharest, reports Ziarul Financiar. Anchor Grup is in the early stage of selling the project. “The investment The post Turkish group invests almost EUR 10 mln in Bucharest residential project appeared first on Romania Insider .
Romania had a retail area of 3.56 million sqm at the end of June. It was among the last countries in Europe based on the commercial space density per one thousand inhabitants, with 104 sqm, according to a survey by C&W Echinox. Shopping centers accounted for 57% of the total commercial area, with 2.05 million The post Romania, among the last in EU for density of retail spaces appeared first on Romania Insider .
Lensa.ro, a Romanian start-up specialized in contact lenses, sunglasses and eyeglasses, which started with a EUR 500 investment in 2013, has exceeded the threshold of 1 EUR million in sales this year. “We started the Lensa.ro business in 2013, with EUR 500, in an apartment. We have benefited greatly from the expansion of e-commerce in The post Romanian startup exceeds EUR 1 mln turnover appeared first on Romania Insider .
Local bank Patria Bank, which resulted from the merger of Banca Comercială Carpatica and Patria Bank, recorded a cumulated net loss of RON 26.3 million (EUR 5.6 million) in the first nine months of this year, similar to the same period last year. The institution went through a mixed period in which the two banks The post Patria Bank records EUR 5.6 mln loss in Romania appeared first on Romania Insider .