CONVERSION
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Banca Transilvania Board Of Directors Approves Conversion Of Bancpost Shares Into Banca Transilvania Shares
The Board of Directors of Banca Transilvania (BT) on Wednesday approved the conversion of Bancpost shares into Banca Transilvania (TLV.RO) shares, according to an announcement published on the Bucharest Stock Exchange.
Magazinul Bucuresti Owner To Refurbish And Convert It Into Office Building
The building that used to house Magazinul Bucuresti (Bucharest department store) in Bucharest’s old Town is undergoing refurbishment, a process due for completion early next year, with the i...
Five Failed Malls Turned Into Plants, Logistics Or Office Space
More than 100 small and large shopping centers have opened in Romania in the past decade but few people know that at least five of them went insolvent or bankrupt and have since been convert...
BNR: Conversion Of Swiss Franc Loans Sends Two Lenders Below Minimum Solvency Level
Romania’s central bank (BNR) says that the conversion of the Swiss franc loans at the historical exchange rate could drive the solvency of two banks under the minimum requirement, and in all...
First Sheraton Hotel In Romania To Open Late August
The conversion of the Howard Johnson Hotel near Piata Romana in downtown Bucharest into the first Sheraton operating in Romania will be completed on August 28, says Daniel Ben-Yehuda, the ge...
22% Of Fondul Proprietatea Moved To London
The first shareholder structure of Fondul Proprietatea (FP.RO) after its listing on the London Stock Exchange revealed that 22% in it has already been packaged into global depository receipt...
Businessman Gheorghe Iaciu Begins Conversion Of Moldova Mall Into Office Building
Businessman Gheorghe Iaciu, who bought Moldova Mall shopping center in downtown Iasi (NE Romania) from East Balkan Properties early this year, will begin works this week to convert it into o...
Former Armonia Braila Mall To Get New Lease On Life As Production Facility
The former shopping center Armonia in Braila, closed in 2009 after a EUR45 million investment and nine months in business due to poor sales, will most likely be turned into a production faci...
Soravia Completes Conversion Of Starlight Suites Hotel Into Office Building
Austrian group Soravia Group has completed the conversion of the Starlight Suits hotel within Bucharest-based compound Metropolis Center into an office building, following an investment of E...