Hagag Development Europe is set to open the doors of Stirbei Palace on Calea Victoriei in the second half of this year, transforming one of the most emblematic historical monuments in Bucharest into the epicentre of high-end retail in Romania.
As of fall 2025, Stirbei Palace affirms its status as a luxury destination by gathering some of the most prestigious international brands in the world across an area of approximately 4,000 square meters.

“About eight years ago, when we decided to acquire this property, our vision was to develop here the first “luxury department store” in the country and pin Bucharest to the map of luxury shopping destinations in Europe. The unique location – in the heart of the city’s most dynamic commercial artery, together with the building’s rich history and distinctive architecture quickly attracted the attention of international brands. Today, we are delighted to wish a warm “Welcome to H Stirbei Palace!” to some of the most prominent names in the luxury goods industry.”, said Yitzhak Hagag, Cofounder and Chairman of Hagag Development Europe.

In a national premiere, Stirbei Palace will host Romania’s first “luxury department store”, aligning Bucharest to the major world fashion capitals. Customers will have the privilege to discover the latest collections signed by Dior, Saint Laurent, Valentino Garavani, Celine, Loewe, Zegna, Roger Vivier, Amina Muaddi, Rene Caovilla, Jimmy Choo, Dolce & Gabbana, Moncler, Santoni, and others.

Stirbei Palace will become a reference destination for beauty and niche perfumery lovers, as well. The selection includes rare creations and iconic essences by Chanel, Dior, Hermes, Guerlain, Roja Dove, Maison Francis Kurkdjian, Tom Ford, Kilian, Xerjoff, Amouage, Frederic Malle, Memo, Aqua di Parma and many more. The beauty area brings premium skincare and couture makeup products, offering a complete experience to those seeking excellence in beauty.

Cluj County Council announces that its headquarters will become the first green public building in Romania and that, thus, the building’s energy consumption will be extremely low, close to zero.

The institution’s future modernized headquarters will comply with BREEAM (Building Research Establishment’s Environmental Assessment Method) standards for green buildings.

“Following the expansion and modernization works, the Cluj County Council headquarters will become the first certified green public building in Romania, with extremely low, close to zero energy consumption. By implementing this project, we are achieving two important objectives: on the one hand, we will benefit from an expanded, environmentally friendly headquarters, and on the other hand, we will bring under the same roof, in a single building, all the departments within the County Council, which currently operate in other spaces in the municipality. This aspect will contribute to the efficiency of the work of employees in all these structures, facilitating even better communication and collaboration,” said the president of the Cluj County Council, Alin Tișe.

The total developed area of the future headquarters of the Cluj County Council will almost double, namely it will increase from 3,552 sqm to about 6,700 sqm, with a ground footprint of about 960 sqm. The total value of the investment is 90,512,725.98 lei, with financing to be provided both from the County Council budget and from other sources. The duration of the works will be 18 months, a term that runs from the date of issuing the order to start the works.

Source: economica.net