Real Estate
Carrefour Opens Its 25th Hypermarket in Romania Thursday
French group Carrefour will inaugurate Thursday its 25th hypermarket in Romania and the new unit is located in Shopping City Galati, developed by South-African real estate investment fund Ne...
Insurer Axa Negotiates Selling Romanian Business To Astra
French insurance giant AXA is in final negotiations to sell its Romanian subsidiary to the largest insurer on the market, Romanian-held Astra, according to market sources. The decision to wi...
Government Sidelines Sibiu-Pitesti Highway
The 116 kilometer-long Pitesti-Sibiu highway expected to cost EUR3 billion is no longer a priority for Romania’s company in charge of highways and national roads CNADNR and stands little cha...
Radacini Becomes Sole Volkswagen Dealer In Prahova After Taking Over EUR2M Showroom
Car dealer Radacini has taken over a showroom in Ploiesti for over EUR2 million from Cardinal Motors’ creditors and is now the sole authorized dealer for Volkswagen and repair shop for Volks...
Saint-Gobain Construction Products Expects Flat Sales In 2013 And 2014
Saint-Gobain Construction Products, owned by French group Saint-Gobain, estimates this year's sales will reach the level in 2012 and will also stagnate in 2014.
Bergerat Monnoyeur: We Have To Take Present As Reference Point, Not 2007-2008
Construction companies have to ”reset” the construction market and take the present as a reference point, not the 2007-2008 period, when there was an almost “surreal euphoria,” believes Livi...
Most Street Front Retail Spaces In Bucharest For Rent At Below EUR10/Sqm/Month
Street front retail space rents continued to rise in Romania and currently exceed EUR7 per square meter/month in Bucharest, according to real estate platform SpatiiComerciale.ro.
Timofte Family Expands Stake In Transilvania Constructii To Over 80%
Andrei Iancu Timofte Thursday bought about 49.62% of Romanian constructor Transilvania Constructii (COTR.RO) from regional investment fund SIF Crisana-Banat (SIF1.RO), for 29.1 million lei (...
NEPI 9-Month Profit Up 80% On Year To About EUR36M
South-African real estate investment fund New Europe Property Investments (NEP.RO) said Thursday its profit attributable to shareholders rose 80% to EUR35.9 million in the first nine months...