Real Estate
Cinema City Opens Second Multiplex In Ploiesti And Eyes Targu Jiu
Cinema City, the largest cinema operator in Central and Eastern Europe, has reached a network of 16 multiplex centers in Romania after it opened the second cinema of the company in Ploiesti,...
Eurobank Property Services: Housing Prices In Romania Fell To 2006 Levels
Housing prices in Romania have decreased an average 8.5% per year since the real estate boom in the second quarter of 2008, witnessing a total contraction of 41% and bringing current prices...
Holcim 1Q Sales In Romania Up 5.1%
Swiss-based construction materials maker Holcim said Monday its cement and clinker sales in Romania rose 5.1% in the first quarter this year and economic conditions are still difficult in ea...
Romania Housing Permits Up 47% On Month To 3,207 In March
Romanian housing permits rose 46.6% to 3,207 units in March from 2,187 units a month earlier, the country’s statistics institute INS said Monday.
Papalekas Drives Deutsche Bank Out Of UpGround Business
Businessman Ioannis Papalekas, one of the most discreet investors on the Romanian real estate market, in early 2014 repurchased office buildings BOB and BOC of northern Bucharest from RREEF,...
Turkey’s Bozlu Opens Cancer Treatment Center In Northern Bucharest
Turkey’s Bozlu group last week officially launched, in northern Bucharest, a cancer treatment center called Neolife, a EUR15 million investment, out of which EUR10 million went into medical...
ACC Producers Say Legislation Is Becoming Restrictive For Construction Sector
Producers of autoclaved cellular concrete (ACC) say 2013 did not bring a recovery in the construction sector and some of the measures authorities adopted, such as a higher fuel excise and a...
Bucharest’s New Districts: Price, The Leading Argument To Attract Buyers
Housing construction left the crisis behind last year in and around Bucharest, in the context where the number of completed housing units rose by 16.5% in the Bucharest-Ilfov region, to 5,27...
Flamingo Founder To Build Villa Compound In Corbeanca
Businessman Dragos Cinca, founder of electronics retailer Flamingo, will start the construction of a villa compound in Corbeanca, Ilfov county, estimating a EUR10 million initial investment.