Real Estate
Competition Council: Cement Market Is Least Competitive In The Economy
The Romanian cement market, shared by three major players, French Lafarge, German HeidelbergCement and Swiss Holcim, is the least competitive economic sector, according to a Competition Coun...
Howard Johnson Hotel In Bucharest Might Be Rebranded To Sheraton
Hotel chain Starwood is in negotiations to enter Romania next year by rebranding the Howard Johnson hotel in Bucharest to Sheraton, people familiar with the matter told Mediafax Thursday.
BCR BpL Loan Portfolio Doubles To RON100M This Year
Romanian mortgage lender BCR Banca pentru Locuinte (BCR BpL) has provided financing of over 100 million lei (EUR22.5 million) this year, double on the year, through 1,500 contracts.
H&M Romania Opens Its First Store Outside A Shopping Center, In Downtown Bucharest
Swedish fashion retailer H&M opens Thursday its first store in Romania outside of a shopping center, on Lipscani street, in downtown Bucharest, reaching 28 stores countrywide.
Athenee Palace Hilton Hotel In Bucharest Has New Manager
Five-star hotel Athenee Palace Hilton, held by Romanian businessman George Copos, has a new general manager - Jan Thomsen - with more than 27 years’ experience in the hotel industry.
Alpha Bank Buys Apartment Building In Bucharest For EUR11.4M
Alpha Bank, one of the top ten banks in Romania by assets, bought a block of apartments in Bucharest, for EUR11.4 million plus VAT, according to the bulletin of insolvency procedures. The 15...
PAID Sells 107,000 Mandatory Home Insurance Policies In October
The Romanian Pool of Insurance against Natural Disasters (PAID) issued 107,000 mandatory home insurance policies in October and increased its portfolio to over 530,000 contracts, up 25% on t...
Lafarge’s Cement Sales In Romania Down 15% On Year In January-September
French group Lafarge’s cement sales in Romania declined around 15% in January-September, on the backdrop of lower investments in infrastructure and fierce competition on the construction mar...
Austrians Finally Conquer Romania’s Constructions Market
Austrian investors bought Romania’s largest oil company OMV Petrom ten years ago and its largest bank BCR eight years ago, but it was only in 2012 that they climbed to the top spot on the lo...