Real Estate
BCR Ups Ceiling For Government-Backed “First Home” Program By RON252M
Romania’s largest bank BCR, a unit of Austrian Erste Group Bank AG (EBS.RO) raised its guarantee ceiling for government-backed “First Home” mortgage lending program by 252 million lei (EUR56...
Hilton Sibiu Boss Says 2014 Off To A Good Start
The Hilton hotel in Sibiu, the only five-star hotel in the city, targets an average occupancy rate of at least 77% this year, from 67% in 2013, says general manager Nicolae Aron.
Centrofarm Develops Office Building In Downtown Bucharest
Romanian company Centrofarm, which operates a pharmacy chain with the same name, has started to develop a ten-storey office building in downtown Bucharest, close to the University Square, on...
Colliers To Provide Property Management Services For Hermes Business Campus
Real estate consulting firm Colliers International will provide property management services for Bucharest’s office compound Hermes Business Campus, developed by Belgian group Atenor.
Adama Sells Apartments Worth EUR1M In Evocasa Selecta Residential Compound
Real estate developer Adama, owned by Austrian group Immofinanz, sold apartments totaling EUR1 million in residential compound Evocasa Selecta, which is over 60% contracted, according to the...
Colliers: Expansions, New Entries Made Up Around 30% Of Office Space Demand In Last 4 Years
Expansions and new entries had an annual average weight of 30% in the overall office space demand in capital city Bucharest over the last four years, according to real estate consultancy fir...
Office Furniture Sales Drive Corporate Office Solutions Revenue Up 21% In 2013
Office furniture importer Corporate Office Solutions (COS) posted EUR16.2 million revenue in 2013, up 21% on the previous year and better than expected.
TMK Artrom's 2013 Turnover Down Nearly 4%, To RON876.7M
Romania’s TMK Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, had a turnover of RON876.7 million (EUR198.4 million) last year, down 3.6% compared to 2012, while its prof...
Concefa 2013 Loss Narrows To RON17.2M
Romanian insolvent construction company Concefa Sibiu (COFI.RO) on Monday said its loss narrowed three-fold to 17.2 million lei (EUR3.9 million) in 2013, from RON53.2 million a year earlier.