Business Review

The Cocor store in Bucharest, which closed in 2008 for expansion and refurbishing works, will reopen in September, with 74 percent being currently rented out, the company has announced.

Chinese investors are interested in taking part in the bid to build the new runway at Cluj international airport, said the president of Cluj county council, Alin Tise, quoted by Mediafax newswire.

Alinso Group has announced that it is allotting 15,000 sqm to start a new building for SMEs in Ploiesti West Park. The value of the investment in this project will start at EUR 6 million and vary according to the facilities and additional improvements requested by contractors.

AFI Palace Cotroceni, which opened last year on a 214,000-sqm surface, is close to 96 percent occupied, Israel Vizel, manager of the Romania malls divisions & AFI Palace Cotroceni, told Business Review.

Glass producer Saint-Gobain Glass is investing another EUR 6 million in an industrial production line for laminated safety glass at its existing facility in Calarasi.

Polyurethane foam manufacturer Den Braven Romania estimates a 15 percent increase in turnover for this year to EUR 35 million. Exports in January-April grew to EUR 4.68 million, compared to EUR 2.28 million in the same period of last year, while the company’s total sales reached EUR 9.25 million, 38.4 percent higher than in the same period of 2009.

Somaco Group has announced a RON 50 million turnover for last year, and the end of the first RON 10 million investment stage of modernizing and upgrading the group’s three plants.

Pada Murre has opened a 173-sqm store in Fashion House Outlet Center, while Otter has expanded its shop in the same location, thus reaching a 346-sqm surface. Both transactions were mediated by Cushman & Wakefield.

Belgian developer Liebrecht&wood is planning to build a retail park in the south-eastern part of the capital, according to Mediafax newswire. The park will include an outlet-type commercial center. The renting of spaces available in the first development phase, which cover 90,000 sqm, starts this summer.

Trotter Consulting, owned by businessman Dragos Petrescu, has announced it will bring the BackWerk franchise to Romania. Petrescu is planning to open 25 bakeries under the German brand in the main cities across the country in the next five years.