Real Estate
New Wave Of Retail Investments: 7 New Construction Sites In Bucharest
At present, 15 large shopping centers and 25 hypermarkets are operational in Bucharest, but retailers and real estate developers believe the market is not well covered. Thus, in mid-February...
Winmarkt Rental Revenues Fell 10% In 2013, To EUR10M
Revenues obtained by Italian company Immobiliare Grande Distribuzione (IGD) from renting its 15 Winmarkt shopping centers in Romania dropped 9.9% in 2013, to EUR9.9 million, driven by a lowe...
New Owner Hopes To Drive Praktiker Back To Sales Of EUR300M/Year
Omer Susli, the Turkish investor who at bought from Germany’s Praktiker the group's 27-store network in Romania, hopes to bring the company back to profit in two years at the latest. Revenue...
AFI Cotroceni Retailers' Sales Exceed EUR200M In 2013
The sales of retailers hosted by AFI Cotroceni shopping mall rose last year at the same pace as the retail market, namely between 5% and 6%, Israel Vizel, manager mall division AFI Europe, t...
Romania Housing Permits Down 7% On Year To 1,573 In January
Romania authorized construction of 1,573 residential buildings in January, down 7.1% from 1,694 permits issued in the same month of 2013, the country’s statistics institute INS said Friday.
Finance Ministry Mulls Capping Cash Payments For Real Estate Transactions To RON50,000
The Romanian Finance Ministry considers limiting cash payments for houses or cars transactions to RON10,000, like in the case of cash payments between individuals, or even to RON50,000 for r...
Best Foods Pays EUR2.9M For 8,000-Sqm Land Plot Of Insolvent Spicul
Best Foods, a producer of corn-puff snacks, popcorn and potato chips owned by Greek businessman Epameinondas Ochonos, acquired an 8,000-sqm land plot on Timisoara Boulevard of Bucharest for...
Cement Producers Saw Sales Decline Again In 2013
Last year brought a new decline on the Romanian cement market, which ZF values at some 600-700 million euros, as the state’s infrastructure investment slid and private investors shied away f...
Praktiker Sells Romanian Operations To Turkish Businessman
German do-it-yourself retail chain Praktiker sold its operations in Romania, which include 27 stores with sales of EUR142 million in 2012, to Search Chemicals company, owned by Turkish busin...