Czech group Packeta, a player in the transport and delivery of parcels for online stores with an extensive network of pick-up points in Central and Eastern Europe, will transform its warehouse in Bucharest into a regional hub for direct parcel deliveries in Bulgaria, Greece, and Cyprus.
Radovan Vitek, the third richest Czech, has bought over 6% of real estate developer and investor Globalworth, the largest owner of office buildings in Romania that is also active on the Polish market. The Czech investor, who operates through his company CPI Property Group (CPIPG), paid almost EUR 130 million for just over 6% of Globalworth.
Czech utility group ČEZ will begin the process of selling its assets in Romania in October and wants the transfer to be finalized or close to completion in 2022, company officials confirmed for local news agency Agerpres on September 9.
How do we relate to the buildings built during Communism? A team of young expats documents abandoned buildings and tries to revive an old seaside cinema.
Czech group CPI Property Group will acquire 11 shopping centers in the region, including the Felicia mall located in Iasi, Romania, from two funds managed by CBRE Global Investors.
Guest writer Madalina Visan traveled to a remote area of Romania to discover the isolated Czech villages and a world few people know about.