Real Estate
Romanian Households Reach Net Wealth of RON2,157B in 2019
Romanian households’ net wealth reached RON2.157 trillion (over EUR450 billion) at the end of 2019, with real estate assets accounting for 80%, central bank data showed.
Accor Announces New Ibis Hotel Near The Future Terminal 2 Of Henri Coanda International Airport
Accor Group has signed a management agreement with Alexandra Residence Design to open a 144-room ibis hotel, by end-2022, in the vicinity of the future Terminal 2 of Henri Coanda (Otopeni) i...
One United Buys Office1 in Northern Bucharest for EUR15M
One United Properties, the most active real estate developer on the local market with 300,000 sqm of offices and residences under construction, has acquired office building Office1 built by...
Continental Hotels Chain And French Accor Group Jointly Terminate Their Management Agreement
Continental Hotels, controlled by businessman Radu Enache, and French Accor Group have jointly decided to terminate their management agreement signed 20 years ago. Following this decision, f...
HAGAG Development Europe Gets Urban Planning Permit to Restore Stirbey Palace
Real estate developer HAGAG Development Europe said Monday it has secured an urban planning permit in view of restoration works on the Stirbey Palace, a historical monument in downtown Bucha...
TeraPlast Reappoints Alexandru Stanea as CEO for Four Years
TeraPlast Group, the largest Romanian producer of construction materials, said Friday it has reappointed its CEO Alexandru Stanean for a period of four years starting July 2, 2020.
Tinmar Energy Acquires 95% of Intercereal
Electricity trader Tinmar Energy, the biggest entrepreneurial business in the local energy sector, part of Augustin Oancea's Tinmar Group, has acquired 95% of Intercereal, cereal producer ba...
Practic Bucuresti Seeks Shareholder Approval For Payment Of RON10M Dividends
The Board of Directors of real estate developer Practic Bucuresti (PRBU.RO) has summoned the company’s shareholders on July 27 to approve the distribution of RON10 million as dividends from...
REC Immpuls Completes First Stage of Bucharest German School Campus
REC Immpuls, the regional division of German group REC Partners, has completed works on the first stage of a new campus for the Bucharest German School in the northern part of the city, foll...