Companies
Coldwell Banker: Romanians Reluctant To Buy Foreclosed Apartments
Romanians are reluctant to buy foreclosed homes, says Valentin Ilie, chief executive officer of real estate consultant Coldwell Banker Affiliates of Romania, and one of the reasons is that e...
Winmarkt Rental Revenues Fell 10% In 2013, To EUR10M
Revenues obtained by Italian company Immobiliare Grande Distribuzione (IGD) from renting its 15 Winmarkt shopping centers in Romania dropped 9.9% in 2013, to EUR9.9 million, driven by a lowe...
Tourist Arrivals In Romania Down 0.4% On Year In January
Arrivals at Romanian tourism accommodation establishments inched down 0.4% in January from the year-earlier month, while overnight staying fell 2.3% on the year, data from the statistics ins...
Eight Out Of 100 Rooms On Romanian Hotel Market, Under Foreign Brands
Almost 6,400 rooms of Romanian hotels operate under an international brand, with 56% of units located in Bucharest and the rest in other large cities of the country, according to a ZF survey...
Polish Fund Invests In World Class Fitness Center Network
World Class Romania, which operates 11 fitness centers in Bucharest, Timisoara and Cluj Napoca, will enter the portfolio of Polish fund Resource Partners, specialized in private equity inves...
Adrem Invest Targets EUR100M In Revenue On Long Term
Engineering company Adrem Invest in 2013 generated revenue of above EUR50 million, in the wake of a 30% increase, and a 10% profit margin.
Ameropa Close To $100m Exports Of Romanian Wheat To Egypt
The Romanian division of Swiss-held trader Ameropa, one of the top three grain traders on the local market, collected $98.7 million between July 2013 and February 2014 from wheat orders plac...
Electricity Bills May Increase By Up To 1% In April - Sources
Electricity bills might increase by 0.5%-1% in April following Romania’s energy watchdog ANRE decision to hike the 2013 green certificates quota for suppliers, according to sources on the en...
Pirelli Sells Steelcord Division, Including Romanian Facility, To Belgium’s Bekaert
Italian group Pirelli has reached an agreement to sell steelcord activity, which includes factories in Italy, Turkey, Romania, China and Brazil, to Belgian steelcord manufacturer Bekaert for...