Real Estate
Former Pic Store In Pitesti Sold To Romanian Investors
The former Pic hypermarket in Pitesti has been sold to Romanian investors, liquidator PricewaterhouseCoopers Business Recovery Services announced Monday.
Petrom Is Romania's Largest Retailer By Revenue
Petrom’s gas station network of more than 500 units, with revenue of around 15 billion lei (EUR3.4 billion) in 2012, is Romania’s biggest retailer, followed at some distance by Rompetrol gas...
Owners Of Ploiesti DIY Store Artsani Want To Expand To Other Counties
George Tapu and Oleg Tataru, owners of Artsani Com, which with a DIY and building materials store in Ploiesti generates annual sales of almost EUR30 million, are mulling expansion outside Pr...
Romania’s Farmland 25 Times More Expensive Than A Decade Ago
Farmland in Romania has risen in price by 25 times in 2002-2012 to an average level of EUR4,600/hectare, close to the price in France, Poland and Brazil, but higher than in Hungary and Austr...
Lawyers: Israeli Investors, No Longer On Stand-By, Seeking Real Estate Assets
Israeli investors have started regaining their interest in the Romanian market, after a period of expectancy, and natural gas and real estate projects are their main targets, according to Al...
Romanian Online Construction Material Retailer Posts EUR5M Turnover In 2013
Online construction material retailer Depozit-Online.ro had a turnover of more than EUR5 million in 2013, from EUR1.9 million in 2012, and is seeking financing from banks or partners in view...
Austrian Property Investor Expands Into Romanian Farming
Austrian investor Alfred Beck, a stakeholder in real estate group S+B Gruppe, has come to farming holdings he values at EUR10 million through a vineyard in Mures county and 650 hectares of f...
Turism Felix Expects 2014 Earnings To Match Those Of 2012
Romanian hotel operator Turism Felix (TUFE.RO), controlled by regional investment fund SIF Transilvania (SIF3.RO), estimates a 3% growth in turnover this year and a 4% decline in gross profi...
BRD Seeks Buyers For Two Hotels
BRD is foreclosing on one of the largest hotels of Azuga, Cautis, and the starting price of the four-star unit stands at 12.8 million lei (EUR2.9 million).