CONSTRUCTION
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Acquisitions Resumed On Construction Market: Octagon Set To Buy Construction Materials Producer For EUR2m
Construction company Octagon, held by Greek businessmen Alexandros Ignatiadis and Paschalis Paganias, is in the process of acquiring a local construction materials producer, through an inves...
Sika Sees H1 Turnover Up 20% To EUR8M
Building materials producer Sika Romania, the domestic subsidiary of Swiss group Sika, in the first six months registered sales of EUR8 million, up around 20% from a year ago.
INS: Construction Of New Homes Down 4.5% In Jan-Mar
Romanian housing construction slid 4.5% to 7,985 units in the first quarter from the year-earlier period, as builders broke ground on fewer new homes in urban areas, the country’s statistics...
All Talk And No Walk For Romania's Nuke Reactors
Romania still lacks investors for nuclear reactors 3 and 4, despite countless months-long talks with potential partners and a series non-binding commitments mostly by Asian companies.
Building A House In Bucharest Suburbs Costs Less Than EUR80,000
Building a 100-square meter house near Bucharest costs between EUR58,000 and EUR80,000, since the economic crisis slashed construction and plot prices, according to a study of Romanian realt...
Boagiu: One Lane Of Basarab-Constanta Highway Section Opened In July
One lane on the Basarab-Constanta section of the Bucharest-Constanta highway in Romania, as well as Constanta's ring-road, will be opened to traffic in July, Transport Minister Anca Boagiu s...
Development Ministry Launches Auction To Restore Over 500 Km Of Roads
The Romanian Development and Tourism Ministry has launched an auction to award contracts estimated at 557 million lei (about EUR137 million), VAT excluded, to restore 533 kilometers of count...
Nabucco Construction Start Delayed To 2013
The consortium building the Nabucco gas pipeline postponed construction start by one year, until 2013, while the date of first deliveries was pushed back to 2017.
Erbasu: Builders Need Infrastructure Works To Survive
Recovery for Romania’s nearly-flatlined construction segment depends on investment, project selection and improved legislation, as the market is “running out of companies to go bankrupt”, Th...