Real Estate
New Apartment Prices In Romania’s Main Cities Fell By Up To 15% In 2013
The sale prices of new and old apartments in Romania’s main cities have gone down by up to 15% and 6%, respectively, in 2013, according to real estate portal imobiliare.ro.
Lupusor, Baumit: 2013 Has Been A Sacrifice Year
Laurentiu Lupusor, general manager of construction materials producer Baumit Romania, says the reduction of public investments in 2013 affected the construction industry, but also brought ma...
Dutch Investor Buys Bucuresti Department Store For EUR4M
A Dutch investor has bought the building of the former Bucuresti department store, one of the most important retail destinations in Bucharest before 1989, from the heirs of the founders for...
AFI Europe’s CEO Recipe For EUR100M Investments During Hard Times
He came in Romania when the crisis was in full swing, in early 2011, after having worked in the United States, Nigeria and Canada and managed to have EUR100 million worth of project built in...
Vinci-Strabag-Aktor And Impregilo-Salini Submit Final Bids For Comarnic-Brasov Highway Construction
Consortia Vinci (France)-Strabag (Austria)-Aktor (Greece) and Impregilo-Salini (Italy) submitted final bids Monday for the construction of Romania’s Comarnic-Brasov highway section, Romanian...
CITR: Food Producers, Realtors, Subsidy Beneficiaries Most Prone To Financial Distress In 2014
Companies in the food sector, the beneficiaries of subsidies and the owners of leasable retail, industrial and office spaces are more likely to face financial challenges in 2014, according t...
Impact Sets Terms For RON100M Convertible Bond
Romanian realty developer Impact Developer&Contractor on Monday announced the final terms of its offering of 100 million lei (EUR22.4 million) convertible bonds maturing in five years.
Opus Land Invested Over EUR7M In 260 Housing Units In NE Bucharest In 2013
Real estate developer Opus Land Development completed a new 80-apartment building at the beginning of December, reaching a total 260 housing units built in 2013 in its residential compound C...
Dedeman To Open EUR15M Store In Ploiesti Friday
Romanian do-it-yourself retailer Dedeman, owned by Dragos and Adrian Paval, will open a store in southern city of Ploiesti on Friday, following an investment of EUR15 million.