Real Estate
Siniat Romania Sales Slightly Up At RON100M In 2013
Siniat Romania, a unit of Belgian industrial group Etex, reported a turnover of 100 million lei (EUR22.2 million) in 2013, slightly higher on the year, while the company estimates higher sal...
AFI Europe Posts EUR28.7M Income From AFI Palace Cotroceni In 2013
Real estate developer AFI Europe Wednesday reported net operating income of EUR28.7 million in 2013 from AFI Palace Cotroceni mall in Bucharest, up 6.5% on the year, while tenants’ sales ros...
German Group VEKA Takes Over Gealan
German window PVC profile maker VEKA Wednesday announced the takeover of German PVC profiles maker Gealan, both companies operating on the Romanian market, and is currently pending the autho...
Militari Shopping Center 2013 Net Rental Income Flat On Year At EUR6.4M
Property firm Atrium European Real Estate said Wednesday its net rental income from the Militari Shopping Center in Bucharest were flat at EUR6.4 million on the year in 2013 and the project...
INS: Romania Construction Works Fall In January
Romanian construction works fell 4.3% in January from a month earlier, due to declining activity in all sectors, the statistics institute INS said Wednesday.
Ben Terra, EY Netherlands: Romania Needs To Speed Up VAT Refunds And Have Clearer Legislation To Attract Investors
The taxation system is one of the essential factors analyzed when companies decide to do business and invest in a country and if the VAT is 24% and investors pay 24% more because of this tax...
Former Site Of Heineken Brewery To Host Offices And A Hypermarket
Heineken Romania sold the former Grivita brewery in downtown Bucharest, at the end of 2013, to a group of real estate investors, among whom Ionut Dumitrescu, the founder of real estate consu...
Confind Campina Set To Take Diversification Further
Confind company of Campina (Prahova), a producer of oil industry equipment and installations controlled by businessman Ioan Simion, acquired 240 hectares of farmland and wants to continue pu...
Strabag Romania's Revenue Drop 13% In 2013, To EUR322M
Austrian-held Strabag group, which built several highway sections between Deva and Sibiu, as well as the tallest office building of Bucharest, Sky Tower, ended 2013 with revenue of EUR322 mi...