CONSTRUCTION
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CTP To Complete Construction Of IKEA’s New Distribution Center For Southeast Europe In 2020, Near Bucharest
CTP, the largest developer and administrator of premium industrial and logistics parks in Romania and Central and Eastern Europe (CEE), will complete in 2020 the construction works on IKEA’s...
BRD Grants RON52.5M Financing To Constructii Erbasu For Construction Of On New Steaua Stadium
BRD Groupe Société Générale has granted financing worth RON52.5 million to the company Constructii Erbasu, in its position of leader of the Constructii Erbasu-Concelex-Terra Gaz Construct as...
Top 25 Builders in Romania Posted Over RON9B Revenue in 2019
The top 25 builders in Romania by 2019 revenue posted 9.1 billion lei revenue last year, ZF has found from the data the companies supplied and from the latest figures on the Finance Ministry...
Developer VGP Buys 39-Ha Land In Western Romania For Construction Of Industrial Project
European real estate developer VGP has bought a 39-hectare plot of land in Arad (western Romania) on which it is plans to build 60,000 square meters of industrial space; this is the biggest...
Den Braven Revenue Back to Over RON200M in Romania
Dutch-held Den Braven, which has a construction adhesives plant in Buftea near Bucharest, returned to more than 200 million lei revenue in 2019, following 4% growth compared with the previou...
Romania, One of HeidelbergCement’s Least Affected Countries by Pandemic
Romania is among the countries with the lowest or non-existent pandemic impact for German-held construction group HeidelbergCement, its latest report (first quarter 2020) says.
Construction Panel Maker Isopan Est CEO: Major Investors Have Not Stopped Investments
The construction panel market will not shrink because of the crisis caused by the COVID-19 pandemic because the major investors continue with their investments as scheduled and orders keep c...
Paver Maker Elis Pavaje Sees EUR2M Net Profit In 2019
Paver manufacturer Elis Pavaje in Alba ended 2019 with more than RON9.5 million (more than EUR2 milion) net profit, 79% higher than in 2018, ZF has calculated from Finance Ministry data.
10% Growth Of Construction Sector Could Offset 30% To 40% Decline Of Other Sectors
Construction sector growth of at least 10% could offset decline in the sectors affected by the current crisis by some 30% to 40%, because this industry accounts for 40% of the economy, direc...