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2019-10-23  10:59
CIJEurope.com
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Project News

Wenceslas Square reconstruction plans...

The latest plans for the reconstruction of Wenceslas Square call for a 15 meter promenade to be built down its center, with tram lines and a route for cars on its borders. The city council has approved the conceptual study that would remove nearly all the parking places on the square, a move that's expected to reduce the number of cars drastically. Trams will cross the central ...
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2019-10-23  10:57
CIJEurope.com
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Company News

Palladium bringing in new brands with 8 on...

Eight brands are leaving the Palladium shopping center on náměstí Republiky in Prague to be replaced with new names such as Under Armour, Lindt and the cosmetics seller Rituals. Hospodářsé noviny reports that the lease contracts of one-quarter of the retailers who'd been in the mall since its opening in 2007 ran out. "We decided not to continue with them on a rental basis an...
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2019-10-23  10:56
CIJEurope.com
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Economy

Will Slovakia’s new minimum of €653 spark...

Companies in Slovakia will have to pay their employees a minimum wage of at least €653 per month within two years. Hospodářské noviny writes that this figure will be raised each year so that it reaches 60 percent of the average wage of Slovaks. The poorest paid Slovaks may be encouraged when they first hear the news, but only if they don't work for companies like the chemical pro...
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2019-10-23  10:06
CIJ Romania
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Company News

Apex Alliance opens first Courtyard by...

Apex Alliance Hotel Management has opened the first Courtyard by Marriott in Romania. Construction of the four-star Courtyard Bucharest Floreasca in the capital’s financial district took three years to complete. The investment amounted to nearly €22.5m. The property offers 259 guest rooms on 13 floors. The hotel also has a conference room, a fitness center, a shop and underground park...
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2019-10-23  10:04
CIJ Serbia
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Company News

BIG CEE expanding portfolio in Serbia

BIG CEE is planning a number of new long-term investments in Serbia, branching out into the residential and office sectors. The company, which has been operating in the country for more than a decade, acquired four facilities this year, including Fashion Outlet Indjija. Its Serbian retail portfolio currently includes 130,000 sqm of space in five locations across the country. “This yea...
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2019-10-23  10:00
CIJ Serbia
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Company News

Nelt opens new warehouse in Sarajevo

Nelt Group opened a new warehouse in Sarajevo following a €4m investment. Nelt currently has more than 11,000 sqm of warehouse space as well as 3,400 sqm of office space in Bosnia. The company’s revenue grew by 28 percent over the past two years. Nelt also hired 40 additional employees. “We want to improve our customer service in Bosnia and Herzegovina as well as to strengthen our org...
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2019-10-23  09:56
CIJ Serbia
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Project News

Additional €3m to be invested at Ananti...

More than €20m has been invested in the Ananti Resort, Residences & Beach Club, which opened in Rezevici along the Montenegrin coast last summer. An additional €3m will be invested in the luxury resort next year, according to local news reports. The property offers eight private villas and 14 apartments with access to a private beach. Ananti is the first hotel in Montenegro that i...
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2019-10-23  09:51
CIJ Serbia
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Project News

Ivicom Holding developing new wind farm in...

Construction is set to break ground on a new wind farm in central Montenegro in 2021. The Gvozd wind farm is expected to power around 25,000 households. Austria’s Ivicom Holding is backing the project. The Gvozd wind farm will go up in five phases and will be connected with the existing Krnovo wind farm, which was also developed by Ivicom in partnership with Akuo Energy. It will have ...
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2019-10-23  09:48
CIJ Serbia
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Company News

Volkswagen eyes Balkan countries for new factory

Volkswagen is now considering building a new factory in either Bulgaria, Serbia, Croatia or Romania after walking back plans to develop a production base in Turkey. The German car manufacturer scrapped its decision to open a factory in Turkey following the Turkish military’s recent operation in Syria. The factory was to go up near Izmir with an estimated value of €1.3bn. The factory i...
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2019-10-23  08:37
CIJEurope.com
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Company News

SIG extends warehouse lease at Gdańsk-Kowale...

SIG has renegotiated its lease at the Gdańsk-Kowale Distribution Centre. The company, an international distributor of building products, was represented by Cresa Poland. It occupies more than 1,300 sqm of warehouse and office space at the property. “We are pleased with the current location of our warehouse in Gdańsk. That’s why we decided to continue our cooperation. Appropriate logis...
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