Real Estate
Mulliez Family Bet EUR1B On Romania During Crisis
The French Mulliez family, which has built a retail empire with about EUR80 billion yearly sales worldwide, has invested about one billion euros in acquisitions and development in Romania ov...
Lafarge, Most Profitable Cement Company In Romania
Cement producer Lafarge Ciment, the largest company in Romania of France’s Lafarge, which is to sell its local assets in order to merge with Swiss-held Holcim, posted EUR2.4 billion revenue...
Opus Land Completes 1,500 Homes In Cosmopolis Compound In EUR240M Investment
Opus Land Development has finished 1,500 apartments and villas in the Cosmopolis residential compound in northern Bucharest, in an investment totaling EUR240 million.
Vimetco Extrusion, Part Of Vimetco-Alro Group, Completes RON19M Investment
Vimetco Extrusion, part of Vimetco-Alro group, has completed a RON19 million investment to raise efficiency, co-financed with non-reimbursable EU funds.
Romania’s Construction Output Extends Decline In May
Romanian construction output fell 1.3% in May, after a 4.7% decline in the previous month, as investors are still reluctant to start new projects.
AdePlast Sales Up 35% In 1H, To RON134M
Sales of Romanian building materials producer AdePlast, owned by businessman Marcel Barbut, increased 35% in the first half of the year, to RON134 million (EUR30.5 million) and exports tripl...
Austria’s bauMax Sells Romanain Stores To French Adeo
Austrian DYI retailer bauMax has reached an agreement to sell its 15 stores in Romania to French group Adeo, which owns Leroy Merlin stores, through a transfer of shares.
Romanian International Bank Changes Name To Idea Bank, Relocates HQ
The Romanian International Bank (RIB), a unit of Polish financial group Getin Holding, will be rebranded as Idea Bank and will relocate its headquarters to the Hermes Business Campus in nort...
Logistic Space Rentals At 100,000 Sqm In 1H, Seen Tripling By Yearend
A total 100,000 square meters of logistical space were rented in the first half of the year, similar to the same period last year, and deals are seen reaching over 300,000 sqm by the end of...