Real Estate
Millennium Bank Grants RON15M Financing To Artsani Com
Millennium Bank Monday granted financing of 15 million lei (EUR3.36 million) to Ploiesti-based construction and design materials distributor Artsani Com, consisting in a working capital loan...
Praktiker And Bricostore Challenge Dedeman's Position With New Shareholders
Bacau-based Dedeman has in the past five years had a lot of room for maneuver on the DIY market, where it has operated almost alone: it has opened 25 new stores and bolstered revenue by 140%...
Who Still Has Money For Offices And Shopping Malls?
The number of investors operating on the real estate market of offices, shopping malls, logistics and retail spaces is falling as a series of new projects are being delivered and the arrival...
Radisson Blu Hotel In Bucharest Has New General Manager
The Radisson Blu hotel in Bucharest has a new general manager, Bert Fol, former manager of a luxury hotel in Moscow, replacing Yilmaz Yildirimlar, who was promoted as regional manager of Par...
INS: Housing Permits Up 39% On Month To 2,187 In February
Romanian housing permits rose 39% to 2,187 units in February from 1,573 units a month earlier, the country’s statistics institute INS said Friday.
Kingfisher Injects A Further EUR21.5M Into Bricostore Network
UK group Kingfisher, which in 2013 took over the Romanian DIY network of Bricostore, in February operated several capital raise operations in the wake of which it injected around EUR21.5 mil...
New Owner Says Praktiker Was Poorly Managed, Brand To Be Relaunched In September
Turkish businessman Omer Susli, the new owner of do-it-yourself retail chain Praktiker Romania, said the business was badly managed by its former owners and the Praktiker brand will be relau...
AFI Palace Cotroceni Gets EUR220M Refinancing From Erste, Raiffeisen, Deutsche Pfandriefbank
Deutsche Pfandriefbank, Raiffeisen Bank International, Raiffeisen Bank Romania and Erste Group Bank AG will lend EUR220 million to help refinance debt obligations of AFI Europe’s shopping ma...
Saint-Gobain Romanian Operations Up 5% In 2013, To Over RON700M
The Romanian operations of French construction group Saint-Gobain had a turnover of more than RON700 million in 2013, up 5% on the year, and the group's operating financial results have impr...