Real Estate
Europe’s Low Bank Deposit Rates Could Lead To New Real Estate Boom
The low interest rates on bank deposits across Europe could prompt depositors to move their money into real estate assets, which in turn might lead to a new speculative property bubble, Roma...
Kromberg & Schubert Acquires Its Leased Premises In Western Romania
German automotive components producer Kromberg & Schubert has acquired the property leased from Solvency Project for the last 10 years in order to expand the current manufacturing capacity.
Trade Registry: Company Insolvencies Down 13.5% On Year In January-May
Romania's Trade Registry on Tuesday said 11,030 companies filed for insolvency in the first five months of the year, down 13.5% from 12.747 companies in the year-earlier period.
Globalworth Buys Land Plots in Bucharest For EUR14.3M
Globalworth, real estate investment company founded by Greek businessman Ioannis Papalekas, bought several land plots totaling 30,000 square meters in northern Bucharest, for EUR14.3 million...
Developers Build Offices For 20,000 People, But Number Of Bucharest Employees Down
New office spaces with an area of around 130,000 square meters have been completed in Bucharest over the past six months, with almost half of these being vacant, and developers have new proj...
Impact Mulls Raising RON80M Via Bond Issue
Romanian realty developer Impact Developer&Contractor seeks to raise 80 million lei (EUR18.2 million) via a bond issue due for launch tomorrow, the company Thursday.
AFI Europe Gets EUR220M Refinancing From Three Banks For AFI Palace Cotroceni
Israeli real estate developer AFI Europe has signed a financing agreement for EUR220 million with a consortium of banks to refinance a loan of EUR234 million taken out in 2007 from Hypo Real...
New Apartment Prices Fell By Up To 50% Between 2008 And 2014
The average prices for newly-constructed apartments in Romania’s main cities fell by up to 50% since 2008, with the biggest price drop registered in Bucharest, according to real estate porta...
Dedeman Bacau Becomes Largest Company Owned By Romanian Entrepreneurs
Dedeman Bacau, the do-it-yourself retail business of Bacau brothers Adrian and Dragos Paval, became the 2013 leader of the companies created by Romanian entrepreneurs, with 2,679 million lei...