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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Top ten shopping mall operators in Bucharest see EUR 44 mln losses in 2020

The companies that operate the biggest ten shopping malls in Bucharest recorded combined losses of RON 214 mln (EUR 44 mln) in 2020 as the pandemic and related restrictions negatively impacted the retail sector.

In 2019, the same companies had posted combined profits of almost RON 40 mln, according to Ziarul Financiar’s calculations based on official data from the Finance Ministry.

The combined turnover of the same companies declined by 23% last year to RON 873 mln (EUR 179 mln).

Baneasa Developments, the company that manages the Baneasa Shopping City mall in northern Bucharest, remained the leader despite a 31% drop in revenues to RON 160.7 mln.

AFI Cotroceni and Mega Mall came next with revenues of over RON 100 mln each, followed by Park Lake and Sun Plaza malls.

(Photo: Pixabay)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Top ten shopping mall operators in Bucharest see EUR 44 mln losses in 2020

The companies that operate the biggest ten shopping malls in Bucharest recorded combined losses of RON 214 mln (EUR 44 mln) in 2020 as the pandemic and related restrictions negatively impacted the retail sector.

In 2019, the same companies had posted combined profits of almost RON 40 mln, according to Ziarul Financiar’s calculations based on official data from the Finance Ministry.

The combined turnover of the same companies declined by 23% last year to RON 873 mln (EUR 179 mln).

Baneasa Developments, the company that manages the Baneasa Shopping City mall in northern Bucharest, remained the leader despite a 31% drop in revenues to RON 160.7 mln.

AFI Cotroceni and Mega Mall came next with revenues of over RON 100 mln each, followed by Park Lake and Sun Plaza malls.

(Photo: Pixabay)

andrei@romania-insider.com

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