BUCHAREST
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Bucharest City Hall Forced To Cut Budget By RON1B
The Bucharest City Hall has to find solutions for drastic budget cuts of 1 billion lei (EUR230 million) this year, as revenues are dwindling and the institution has already run out of the ca...
New Apartment Prices In Bucharest Fell By Up To 17% Last Year
Apartment developers have a few thousand homes unsold in Bucharest almost four years since the start of the decline in real estate, with starting prices of EUR30,000 plus VAT for a studio in...
About 25,000 Apartments Put Up For Sale In Bucharest In 2011 - Survey
About 25,000 apartments were put up for sale in Bucharest in 2011, up over 6% on the year, according to a report by realty portal anunturiparticulari.ro.
Bucharest-Ploiesti Highway Will Not Be Ready By December: Only Half Of The 62-Km Road Is Usable
Major differences in the level of completion from one segment to another, expropriation that has yet to be conducted, many bridges still far from completion, and kilometer-long stretches whe...
Subway Could Change Bucharest’s Map Over The Next Twenty Years
The subway network in Bucharest is a little over 70 kilometers long and has 51 stations. Its operator, Metrorex, plans to add at least 100 new stations and 70 kilometers over the next two de...
Bucharest Can Organize Sizeable Events, But Fees Are Too High
Patrick Andersen, executive vice-president of travel management company Carlson Wagonlit Travel (CWT) for Nordic countries and Eastern Europe, says Bucharest has the necessary infrastructure...
Real Estate Market Shows Revival Signs After Two Years
A large construction site stands in Floreasca, where the tallest building in Bucharest is being constructed; another site, next to the Polytechnic University, will host an office building. S...
CBRE: Bucharest Office Pre-Letting Makes Second Quarter Comeback
The pre-let office areas in Bucharest rose 118% year-on-year in the second quarter, after a long interval with no contracts, according to a study published Wednesday by realty consultants CB...
Fitch Upgrades Bucharest To 'BBB-' With Stable Outlook
Fitch Ratings Friday upgraded the Romanian city of Bucharest's long-term foreign currency ratings to 'BBB-' from 'BB+' and the long-term local currency ratings to 'BBB' from 'BBB-', with sta...