Real Estate
Hungary’s Demján Group Acquires Atrium Center Arad
Demján Group, held by Hungarian businessman Sandor Demjan, has acquired shopping center Atrium Center in Arad (western Romania).
Construction Works On Mall ParkLake In Bucharest To Start In December
Portuguese company Sonae Sierra and Irish real estate developer Caelum Development said they got authorization to build shopping center ParkLake in Bucharest in September and construction wo...
Cemacon, BCR Reach Agreement In Principle On Debt Restructuring
Romanian brick maker Cemacon (CEON.RO) on Tuesday said it has reached an agreement in principle with its main creditor, Banca Comerciala Romana (BCR), to restructure a EUR26.1 million loan p...
Holcim 9-Month Cement Sales In Romania Down 2.4% On Year
Swiss-based building materials maker Holcim said Tuesday its cement and clinker sales in Romania dropped 2.4% in volume in January-September, while sales of aggregates declined 21.5%.
Construction Firm Delta ACM 93 Expects 5% Higher Turnover In 2013
Bucharest construction company Delta ACM 93, owned by Romanian businessman Florea Diaconu, expects a 5% increase in turnover in 2013, from last year's EUR113 million.
Property Deals In Romania Down 51% On Year To EUR85M In January-September
Romania and Ukraine are the only Central and Eastern Europe countries which registered decreases in the value of real estate transactions in the first nine months of 2013, while Russia and P...
Benevo Names Aviram Mor As Vice-President, CFO
Real estate developer Benevo, controlled by Canadian businessman Michael Topolinski, appointed Aviram Mor as vice-president and chief financial officer (CFO).
Howard Johnson Asks For Downgrade To Four Stars
The Howard Johnson hotel in Bucharesthas asked to be downgraded from five to four stars in order to be able to host events organized by pharmaceutical companies. The latter decided last year...
Biggest Office Space Transactions In January-September
The best news for the office space market in Bucharest came from Deutsche Bank, Honeywell, Vodafone and TeamNet, which rented new space in view of expansion and hiring 200-300 people each.