Real Estate
Romania’s Construction Output Extends Decline In July
The recession in Romania’s constructions sector continued in July as public investments are mostly lacking and private investments are unable to offset the deficit in mojaro infrastructure w...
Romanians Spend EUR4B Per Year In 60 Malls
The words “mall” and “shopping” entered Romanians’ vocabulary 15 years ago, with the opening, in September 1999, of Bucharest Mall in Vitan district, developed by Turkish group Anchor on the...
Anchor Resumes Work On Office Building In Bucharest, Halted During The Crisis
Real estate developer Anchor Grup could resume works this year to finish the 35,000 square-meter Metropol Center office building in Bucharest, the construction of which was halted in 2009 on...
Kingfisher Posts Sales Of GBP42M And Losses Of GBP6M In Romania In 1H
British group Kingfisher, which last spring bough the 15 Bricostore DIY stores, registered sales of GBP42 million (around EUR52 million) in Romania and a loss of around GBP6 million in the f...
Holcim Romania Invested EUR6M To Extend Waste Co-Processing Capacity
Swiss-based construction materials maker Holcim has completed the extension of its waste co-processing platform in Campulung, Arges county, following a EUR6 million investment co-funded by t...
Prodplast Imobiliare Invests EUR60M In Veranda Shopping Center
Prodplast Imobiliare, controlled by businessman Florin Pogonaru, will invest EUR60 million, including own funds, to develop Veranda Shopping Center in Bucharest, for which it estimates annua...
Flanco Leases 5,000 Sqm In H.Essers Logistical Center In Bucharest
Romanian electronics retailer Flanco has leased a 5,000 square-meter space in the H.Essers logistical center in Bucharest, allowing it to replenish store stocks within 4 hours, the retailer...
Victoria 46 Shareholders Reshuffle Business, Focus On Consolidation
Dorothy Constantin and Andreea Altay this year decided to refurbish and rebrand Victoria 46 multibrand store of Calea Dorobanti, Bucharest, turning the 900-sqm space into a department store,...
Construction Company Tehnologica Radion Files For Insolvency
Romanian construction company Tehnologica Radion, whose owner, Theodor Berna, was placed under preventive arrest in August, has filed for insolvency at Bucharest Court.