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CONSTRUCTIONS

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Spedition UMB Posts EUR20M Profit Despite 24% Lower Revenue
Real Estate

Spedition UMB Posts EUR20M Profit Despite 24% Lower Revenue

Spedition UMB, one of Romania’s largest builders, controlled by businessman Dorinel Umbrarescu, reported revenue of 469.6 million lei (EUR106.2 million) in 2013, down nearly 24% on the year.

Catalina Apostoiu · 16.04.2014 · 00:00 · 1 min
Hidroconstructia Taps Iraqi Market
Companies

Hidroconstructia Taps Iraqi Market

Hidroconstructia, one of Romania’s biggest builders, is seeking contracts abroad and has submitted bids for the construction of a hydro-power station and an irrigation project in Kurdistan r...

Catalina Apostoiu · 14.03.2014 · 00:00 · 1 min
Romania To Cash EUR70-EUR77M/Year From Tax On Telecom Operators’ Special Constructions
Technology &Telecoms

Romania To Cash EUR70-EUR77M/Year From Tax On Telecom Operators’ Special Constructions

Romania expects to cash EUR10-EUR12 million a year from taxing special constructions of telecom operators and EUR60-EUR65 million a year from taxing special constructions of companies in the...

Ecaterina Craciun · 08.11.2013 · 17:15 · 1 min
Construction Works Decline In September - Statistics
Macroeconomics

Construction Works Decline In September - Statistics

Romanian construction works fell 6.9% in September from a month earlier, due to declining activity in all sectors, the statistics institute INS said Friday.

Florentina Dragu · 08.11.2013 · 10:00 · 1 min
Austrians Finally Conquer Romania’s Constructions Market
Real Estate

Austrians Finally Conquer Romania’s Constructions Market

Austrian investors bought Romania’s largest oil company OMV Petrom ten years ago and its largest bank BCR eight years ago, but it was only in 2012 that they climbed to the top spot on the lo...

Ecaterina Craciun · 06.11.2013 · 00:00 · 5 min
Construction Firm Delta ACM 93 Expects 5% Higher Turnover In 2013
Real Estate

Construction Firm Delta ACM 93 Expects 5% Higher Turnover In 2013

Bucharest construction company Delta ACM 93, owned by Romanian businessman Florea Diaconu, expects a 5% increase in turnover in 2013, from last year's EUR113 million.

Ecaterina Craciun · 05.11.2013 · 00:00 · 2 min
Adjusted Construction Works Down 1% On Month In August
Real Estate

Adjusted Construction Works Down 1% On Month In August

Romanian construction works fell 1% in August from a month earlier, due to declining activity in all sectors, the statistics institute INS said Tuesday.

Florentina Dragu · 08.10.2013 · 10:00 · 1 min
INS: Adjusted Construction Works +1.6% On Year In 2012
Real Estate

INS: Adjusted Construction Works +1.6% On Year In 2012

Romanian construction works rose 1.6% on the year in 2012, boosted by a 10.4% increase in new constructions, the statistics institute INS said Thursday.

Florentina Dragu · 07.02.2013 · 10:00 · 1 min
Baumit’s Head: 2012 Was The Most Difficult Year Since I Took Over
Companies

Baumit’s Head: 2012 Was The Most Difficult Year Since I Took Over

Laurentiu Lupusor, general manager of construction materials producer Baumit Romania, says 2012 was a difficult year, with low investments in construction, while political turmoil led to the...

Manuela Panescu · 10.12.2012 · 00:00 · 3 min