Real Estate
CNADNR Expects To Pay Up To RON40M To Finish Works On 2nd Section Of Nadlac–Arad Highway
Romania’s national roads authority CNADNR estimates to pay up to 177.4 million (EUR40.3 million), VAT included, for the completion of construction works on the second section of the Nadlac –...
River Invest, Developer Of Sema Parc Real Estate Project, Goes Bankrupt
River Invest company, controlled by businessman Ion Radulea, developer of Sema Parc real estate project in Bucharest, went bankrupt at the end of last month.
Ceramica Iasi Considers Taking A Loan Of Up To EUR12M
Shareholders of Romanian brick manufacturer Ceramica Iasi (CERE.RO) will look into a proposition to mortgage the company’s assets for a bnak loan of up to EUR12 million.
Saint-Gobain Glass Romania Turnover Up 10% In 2013, To EUR66M
Saint-Gobain Glass Romania, the local division of France's Saint-Gobain group, had a turnover of EUR66 million in 2013, up 10% from the EUR60 million it posted in 2012, driven mainly by the...
Immochan Romania Appoints Development Manager
Immochan Romania, the real estate division of retail group Auchan, has a new development manager for its projects, Ruxandra Bese, who previously worked for Decathlon Romania.
Real Estate Market Needs To Grow In Small Steps To Avoid New Bubble
Some real estate developers continue to build homes and the demand for office space is picking up, while sales of construction materials like polystyrene and bricks have been on the rise sin...
Unirea Shopping Center 1Q Net Profit Down Fivefold On Year
Romania’s Unirea Shopping Center (SCDM.RO) Thursday said its net profit fell almost fivefold on the year in the first quarter, hurt by higher costs and a 2.6% decline in sales.
Immochan Invested Over EUR1M To Bring Auchan Titan And Iris Galleries Under Single Brand
Immochan Romania has invested over EUR1 million to bring the commercial galleries Auchan Titan and Iris under a single brand, Centrul Comercial Auchan Titan, the company announced.
Apartment Prices Fell By Up To 57% Between 2008 And 2014
The average apartment prices in Romania’s six main cities, Bucharest, Timisoara, Brasov, Cluj-Napoca, Constanta and Iasi, fell between 32% and 57% since 2008, with the biggest price drop reg...