Plaza Centers to build shopping center in Romania

WSE-listed Plaza Centers will develop a shopping center in Timișoara, Romania, ISBnews agency reported. The firm has been given a construction permission. A 37,000 sqm GLA shopping center will comprise some 120 retail units and a hypermarket. The construction work is to start this fall and complete in the first half of 2017. As much as 65 percent of the scheme's cost will be paid by Export-Import Bank Plc.