All the European investment, retail, real estate, office and industry news in English language

Monday | March 1 | 2021

LATEST

Four Seasons Hotels and Omnam Group, a global real estate firm, announce plans for a brand-new resort in Puglia, on the coastal region of...
Cazoo acquired Cluno, Germany’s leading consumer car subscription platform, for an undisclosed sum. Founded in 2017, Cluno offers a flexible and hassle-free alternative to car...
The corona pandemic caused the CEE economies to enter into recession in 2020, although that economic contraction has turned out to be less severe...
Lupa is a new Spanish automotive company, based in Barcelona. It makes electric vehicles and is in the start-up stage, with the aim of...
Portugal's GDP contracted by 7.6% in 2020, according to data released by the National Institute of Statistics (INE), almost double the 4.1% decline in...
Switzerland's GDP declined by 2.9% last year, the most severe drop after falling 6.7% in 1975, according to data released by the State for...

Former French President Nicolas Sarkozy sentenced to three years for corruption

Former French President Nicolas Sarkozy was sentenced on Monday to three years in prison for corruption, of which two years are suspended. According to France...

Varso Tower Warsaw set to become the EU’s tallest building

Varso Tower’s roof topped out at 230m to became the Poland’s tallest structure. After the addition of its 80m,...

For the first time in history, China overtook the US as the Euro Area’s top trading partner

According to the research data analyzed and published by Comprar Acciones, Chinese imports from the EA rose by 5.6% and...

The evolution of the Romanian economy and the public policies mix

Deputy Governor of the National Bank of Romania (BNR), Mr. Leonardo Badea, talked to Money Buzz! Europa about the...

City Point is the first residential complex in Romania LEED Gold certified

Point Development has successfully completed the LEED certification process for the second construction stage of its resi-scheme City Point...

New state of emergency in The Czech Republic

The Czech government has called a new state of emergency. This time for another 30 days, until March 28. The lower house of Parliament refused...

Romanian app zmAUkin turns your unhealthy habits into gold bars

ZmAUkin is a Romanian mobile app that aims to turn unhealthy habits into long-term investments. Launched at the end of 2020, the project acts...

Payment delays between companies in Poland have shortened to 48 days

Average payment terms for Polish businesses were 48 days in 2020, 9 days less than in 2019, Coface reports. Payment...

International Air Carriers Association to launch a travel permit in March

International Air Carriers Association (IATA) announces the launch of a travel permit in late March 2021. A digital system for...

Landmark: 1 million full electric or hybrid vehicles sold in Europe in 2020

According to an Deloitte study, until November 2020, a landmark one million vehicle sold in Europe were either full electric or hybrid models, accounting...

Should banker bonuses be as high as they used to?

In accordance with the most common stereotype, bankers of the highest sort should only drive the best cars and...

Austria surpassed 7 million registered motor vehicles mark

7.1 million motor vehicles were registered as of 31 December 2020 in Austria, 1.5% or 102,592 more than on the same...

Average income per household member in Bulgaria at EUR 922,85

The total income average per household member in Bulgaria during the fourth quarter of 2020 is at 1.805 BGN,...

Czech coffee chain CrossCafe closed all locations in Prague

Czech coffee chain CrossCafe announced that it closed all five locations in Prague, as a result of the Government...

NUMBER BUZZ

150
million euros, Bolt largest ever round of funding

Greek accommodation and food, beverage services recorded big decrease in turnover

For accommodation activities in Greece, the turnover in 2020 amounted to 2,303,658,141 euro, recording a decrease of 67.0%. In 2019 the respective turnover was 6,991,184,282...

Family businesses are optimistic about their recovery by 2022

Family businesses are optimistic about their recovery over the next two years, with 86% anticipating a return to pre-pandemic...

French bakers want the baguette to be included in UNESCO’s intangible heritage

The French baguette, a mixture of wheat flour, water, yeast, salt and a pinch of savoir-faire, could soon be...

iFactor is the first Romanian company to be listed on Seedrs

iFactor receives its seed funding in a round led by ROCA X and becomes the first Romanian startup to be listed on the London-based...

Bucharest: 1 billion euros invested in middle&upper class housing projects

Real estate developers active in Bucharest are investing a total of 1 billion euros in middle & upper class housing projects, according to Bucharest...

THIS WEEK
TRENDING

According to an Deloitte study, until November 2020, a landmark one million vehicle sold in Europe were either full electric or hybrid models, accounting...
Lupa is a new Spanish automotive company, based in Barcelona. It makes electric vehicles and is in the start-up stage, with the aim of...
In accordance with the most common stereotype, bankers of the highest sort should only drive the best cars and have small fortunes hidden in...
Restart Energy is to invest around 30 million dollars in developing a 45 MW solar project in Sărmășag village, Sălaj county. The purchased project is...
Skoda will recall some of its Kodiaq and Karoq SUVs for service due to a possible brake pedal failure. All cars are manufactured in...
ZmAUkin is a Romanian mobile app that aims to turn unhealthy habits into long-term investments. Launched at the end of 2020, the project acts...

INVESTMENT

Haier’s EUR 70 million refrigeration plant in Romania to start production this Spring

Romanian plant is the first Haier refrigeration production facility in the EU and production...

P3 Logistic Parks increases total portfolio by 48%. German portfolio tripled

In 2020, P3 concluded 600,000 m2 of new developments for new and returning clients...

Turkey sold electric bicycles to 43 countries last year

Foreign trade for electric bicycles made in Turkey has quadrupled in 2020 compared to...

Renault and Stellantis to suspend car production at several plants

Automakers Renault and Stellantis announced that they will suspend...

Eldorado Gold to invest $ 3.1 billion in mining operations in northern Greece

Canadian company Eldorado Gold signed a revised contract with...

Production started at Stora Enso’s Oulu Mill in Finland

Stora Enso has completed the conversion of its Oulu...

Skoda to recall more than 14,000 of its Kodiaq and Karoq SUVs for service

Skoda will recall some of its Kodiaq and Karoq...

Dacia extended its lease for the 69,000 sqm occupied in Pitești Industrial Park

Dacia, the largest Romanian car manufacturer, extended for another...

More than 750,000 Skoda vehicles rolled off the production lines in Czechia last year

Despite a 39-day production shutdown, 753,013 vehicles rolled off...

BUSINESS

Payment delays between companies in Poland have shortened to 48 days

Average payment terms for Polish businesses were 48 days in 2020, 9 days less...

Covid-19 pandemic caused losses of 1.98 billion euros to the Accor hotel group

The French hotel group Accor announced on Wednesday that last year it registered a...

Notino, a 42% increase in turnover in 2020, to 563 million euros

Notino reached an annual turnover of 563 million euros in 2020, an increase of...

Raben Group revenues exceeded 1.26 billion euro in 2020. Big investments in Poland

Raben Group has finished the previous year with the...

Teknosa revenues up by 36% in 2020 to a record-high

Teknosa increased its revenues by 36% to a record-high TL 5.6 billion,...

Family businesses are optimistic about their recovery by 2022

Family businesses are optimistic about their recovery over the...

TBI Bank partners with Onfido to cut customer onboarding time by 67%

TBI Bank announces a partnership with Onfido, the global...

Innobyte turnover up by 55% in 2020, at 1.8 million euros

Innobyte, a Romanian software development company specialized in eCommerce,...

Cegeka opens its office in Moldova. 200 new jobs available

The European IT solution provider Cegeka opens a new...

REAL ESTATE

10.4 billion euro, investment volume in the 6 largest countries in Eastern Europe last year

Romania almost doubled its share in the region’s turnover over the previous year and...

Total CEE investment volume at over €9.7 billion in 2020

The total CEE investment volume in 2020 reached a total of over €9.7 billion,...

468.3 thousand real estate transactions recorded in Poland in 2019

In 2019, 468.3 thousand real estate transactions were recorded in Poland. The majority of...

Romania: Real estate investment volumes down at €588.5 million in 2020

Romania’s commercial real estate investment volume ended 2020 with...

Alina Marulis to invest 10 million euros in a boutique project of 12 villas

Alina Marulis, an entrepreneur from Bucharest, is investing 10...

€9.9 billion cumulative value of real estate properties transacted in CEE in 2020

Romanian market was the only one which recorded a...

Romania: Total volume invested in real estate assets reached €914 million in 2020

In 2020, the total volume invested in real estate...

Europe: House prices up by 26.8%, rents up by 14.6% since 2010

Over the period 2010 until the third quarter of...

European real estate investors target large cities. Berlin tops the list

Real estate investors in Europe are increasingly targeting large...

Czech coffee chain CrossCafe closed all locations in Prague

Czech coffee chain CrossCafe announced that it closed all five locations in Prague, as a result of the Government measures related to the coronavirus...

Varso Tower Warsaw set to become the EU’s tallest building

Varso Tower’s roof topped out at 230m to became the Poland’s tallest structure. After the addition of its 80m, 73 tonne spire it’s set...

Spanish automaker Lupa to build an electric vehicle factory in Uruguay

Lupa is a new Spanish automotive company, based in Barcelona. It makes electric vehicles and is in the start-up stage, with the aim of...

ECONOMY

The evolution of the Romanian economy and the public policies mix

Deputy Governor of the National Bank of Romania (BNR), Mr. Leonardo Badea, talked to...

Erste Group expects an economic upturn for CEE countries in 2021

The corona pandemic caused the CEE economies to enter into recession in 2020, although...

The Portuguese economy experienced the most severe decline since 1936

Portugal's GDP contracted by 7.6% in 2020, according to data released by the National...

Switzerland’s GDP down by 2.9%, most severe drop since 1975

Switzerland's GDP declined by 2.9% last year, the most...

Romanian insurance market ended 2020 with a 5% growth

The Romanian insurance market reached in 2020 a volume...

Greece to repay 3.3 billion euros in debt to the International Monetary Fund

This year, Greece wants to repay 3.3 billion euros...

OECD: Bulgaria recovery from the economic shock caused by COVID-19 will take time

A new OECD Economic Assessment of Bulgaria, says the...

PwC: The global economy is projected to rebound by early 2022

The global economy is projected to grow in 2021...

A Czech city is relying on its own currency to boost the local economy

The city of Kyjov in the southeast part of...

JOBS