Unirea Shopping Center posted a turnover of RON 20m (€4.3m) in Q1, down 2.6 percent from the same period last year. It posted a net profit of RON 2.9m for the first three months of 2014. Revenues also decreased by 5 percent to €4.4m, while expenses climbed by 10 percent to €4.2m. The Bucharest shopping center is controlled by Dan Adamescu through The Nova Group Investments and SIF Muntenia, which holds a 10-percent stake. The representatives of the shopping center also announced this year that they will clear 1200 sqm by relocating some stores.
