CONSTRUCTION
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Sika Romania Revenue Up 8% In 2016
Residential and retail projects took the revenue of the construction supplies manufacturer Sika Romania, the local division of the Swiss company by the same name, to more than 126.8 million...
Austrian Company With No Employees Posts RON162M Revenue In 2016
Swietelsky, a railroad construction company, posted 162.1 million lei (EUR36 million) revenue in 2016, according to its Finance Ministry filing, even though it has not employees, as its repo...
Coldwell Banker: Over 25,000 Homes Under Construction In Romania’s Main Cities
Over 25,000 housing units are under various stages of development and are due to be delivered in 2017 in Romania’s main regional residential markets, such as Bucharest – Ilfov, Cluj – Napoca...
Hidroconstructia Revenue Halved In 2016
Romanian privately-held builder Hidroconstructia saw its revenue halve to 403 million lei (EUR89.5 million) in 2016, after having ended 2015 with RON764 million.
Eurostat: Romania Ranks First In The EU By Production In Construction In January 2017
Romania saw the biggest increase in production in the construction sector (+5.1%) in the EU, in January 2017, compared with December 2016, followed by Hungary (+4.6%) and Slovakia (+3.3%), a...
Michael Schmidt To Build Two Four-Star Hotels In Bucharest And Sibiu
Michael Schmidt, the businessman who owns Automobile Bavaria group, will start his project to enter the hotel market in Romania this year with the construction of two hotels, one in Buchares...
Iulius Group Starts Construction Of Three New Buildings Within Multifunctional Project Openville
Iulius group, the real estate developer run by businessman Iulian Dascalu, will start, this spring, the construction of three new Class A office buildings within multifunctional project Open...
Coldwell Banker: Home Construction In 2017 To Keep Last Year’s Pace
The construction of homes in 2017 will keep the pace registered in 2016 when some 13,000 homes and apartments were completed in capital Bucharest, according to Gabriel Voicu, head of new hom...
2016 In Review: Ten Most Important Events In Real Estate And Construction Sector
Only 18 kilometers of highway were inaugurated in 2016, while private investors in retail and office space spent hundreds of millions of euros.