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Office Towers In Bucharest On Sale For EUR1,100-EUR3,800/Sqm
Real Estate

Office Towers In Bucharest On Sale For EUR1,100-EUR3,800/Sqm

The prices of office buildings put up for sale in Bucharest range between EUR1,100 per square meter and EUR3,800/sqm, while in other large cities across Romania they vary between EUR400/sqm...

Ioana Tudor · 05.06.2013 · 12:12 · 1 min
Unfinished Focsani Plaza Project Auctioned Off Again For EUR4.2M
Real Estate

Unfinished Focsani Plaza Project Auctioned Off Again For EUR4.2M

The real estate project involving the Focsani Plaza shopping mall will be auctioned off again, through outcry bid, on Thursday, at a slightly lower starting price of EUR4.2 million, VAT not...

Ecaterina Craciun · 03.06.2013 · 12:19 · 1 min
Octavian Radu Expects Bids For Diverta Sale
Companies

Octavian Radu Expects Bids For Diverta Sale

Romanian businessman Octavian Radu, the founder of bookstore chain Diverta, said he is in talks with an investor to sell Diverta, but the “door is still open” for other offers.

Daniela Stoican · 27.05.2013 · 00:00 · 2 min
Asmita Gardens Sells 21 Apartments In April
Real Estate

Asmita Gardens Sells 21 Apartments In April

The court-appointed administrator of insolvent Asmita Gardens, Bucharest’s largest residential compound, said Wednesday it sold 21 apartments in April for EUR2.5 million.

Ioana Tudor · 22.05.2013 · 11:44 · 1 min
Hotel Consultant: Romanian Tourism Needs Major Investments
Retail&Consumer

Hotel Consultant: Romanian Tourism Needs Major Investments

Romania’s tourism sector needs major investments because its accommodation capacity, from student camps to five-star hotels, is below 2% of the country’s population, hotel consultant Paul Ma...

Ecaterina Craciun · 21.05.2013 · 14:58 · 1 min
Bankrupt Armonia Braila Fails To Attract Buyers At EUR15M, Creditors Might Lower Price Again
Real Estate

Bankrupt Armonia Braila Fails To Attract Buyers At EUR15M, Creditors Might Lower Price Again

Bankrupt shopping center Armonia Mall in Braila, eastern Romania has failed to attract a buyer despite a 30% cut in the asking price, to EUR15 million, and its creditors might have to lower...

Oana Gavrila · 16.05.2013 · 12:26 · 1 min
Privatization Authority Eyes Selling Its Minority Stakes In 81 Firms In 2013
Companies

Privatization Authority Eyes Selling Its Minority Stakes In 81 Firms In 2013

Romania’s privatization authority AAAS plans to sell its minority stakes in 81 companies this year, authority head Adrian Constantin Volintiru said Tuesday.

Ecaterina Craciun · 14.05.2013 · 12:54 · 1 min
Hidroelectrica Wants To Sell 88 Micro-Hydro Units Starting June
Energy

Hidroelectrica Wants To Sell 88 Micro-Hydro Units Starting June

Romanian insolvent state-owned hydropower producer Hidroelectrica will put up for sales 88 of its 160 micro-hydro facilities starting June, the company said Tuesday.

Ioana Tudor · 14.05.2013 · 10:25 · 1 min
RomReal Seeks To Sell Lands In Romania, Splits Plots To Attract Buyers
Real Estate

RomReal Seeks To Sell Lands In Romania, Splits Plots To Attract Buyers

Real estate developer RomReal, with Norwegian and british capital, plans to sell part of the 130 hectares of land it owns in several areas in Romania to ensure liquidity and has started brea...

Oana Gavrila · 06.05.2013 · 15:26 · 1 min