Real Estate
Andrei Timofte Launches Takeover Bid For 18.77% Stake In Transilvania Constructii
Andrei Iancu Timofte, general manager of Romanian constructor Transilvania Constructii (COTR.RO), launches a takeover offer for the 18.77% stake it does not own in the company, valued at 11....
Bankrupt PIC Hypermarket In Oradea Sold To Maltese Investors To Be Made Into Logistic Center
The former PIC hypermarket in Oradea, western Romania, has been sold to Western Logistics SRL, part of Malta's Alf. Mizzi & Sons Ltd, which will reconvert it into a logistic center, Pricewat...
Romconsulting Buys Part Of Mario Plaza Shopping Center
Romconsulting, one of the largest owner of street retail space in Bucharest and of the Grand Offices office building of Calea Floreasca, purchased the ground floor of Mario Plaza shopping ce...
Fabryo Corporation And Atlas Paints Complete Merger
Shareholders of the paint and lacquer manufacturer Fabryo Corporation - Atlas Paints group, set up early 2013, have decided to merge the two entities into a single company, Fabryo Corporatio...
Residential Land Prices Continue Decline In Bucharest
The price of land for house building continued to go down in most areas of Bucharest and its outskirts in the past year.
Furniture Maker Cotta Arad 2013 Sales Hit EUR47M; 2014 Output Fully Contracted
Romanian furniture maker Cotta International Arad had sales of EUR47 million last year, up 17.5%, and this year's output has already been contracted and 95% of it will be exported.
Carpatcement Plans To Invest Around EUR15M In Romania This Year
Cement producer Carpatcement Holding, part of German group HeidelbergCement, plans to invest around EUR15 million this year in energy efficiency, environmental projects and staff development...
CBRE: Romania Ranks 5th In CEE By Real Estate Deals In 2013
Real estate deals in Central and Eastern Europe (CEE) increased 31% on the year in 2013, to over EUR10 billion, and Romania ranked fifth out of nine countries by realty deal volumes, accordi...
Czech Developer Takes Down Munplast Plant To Build Kaufland Store
Czech-based InterCora group, the developer of more than 30 stores for the Kaufland chain in Romania, is working on the demolition of the former Munplast plastic products plant in Bucharest,...