Real Estate
Lack Of Industrial Projects Keeps Sales Of Metal Profiles From Growing
The lack of new investment in industrial projects could not be offset by small residential projects, which use small roofing of wall profiles, therefore companies in the metal profile sector...
Romanian Hotels Are 16% Emptier Than In 2008 And 19% Less Profitable – Survey
The occupancy rate of Romanian hotels at the beginning of the year stood at 28% from 35% 2008, average accommodation prices have declined 15%, and profitability dropped by more than 19%, acc...
150 Polish Workers Fill Goschy’s Hotel In Tulcea
Josef Goschy, owner of hotel chain Unita Turism, which has 25 hotels across Romania, says his three-star hotel Egreta in Tulcea (harbor in SE Romania) is working almost at full capacity afte...
Bucharest’s Old Center Street Lipscani To Turn Into Shopping Destination In 2-3 Years
Lipscani Street in the Old Center of Bucharest, a once thriving shopping street of the city, which is now struggling to regain its identity, will become a major shopping destination again in...
Romania Extends Property Tax To Cover Parking Lots, Swimming Pools
Romania’s government has extended the property tax pool, as per agreement with the international Monetary Fund, to include previously exempted types of properties such as parking lots and sw...
Kingfisher Begins Bricostore Rebranding In 2014
The Bricostore logo, a white sun against a red background smiling at Romanian consumers since 2002, will remain in place until the end of the year, as UK’s Kingfisher will start rebranding t...
JLL: Potential Flat Tax Increase To Affect Romania’s Competitiveness
A potential increase in Romania’s flat tax will affect the country’s competitiveness and its negative impact will not be compensated by a decrease in the value added tax (VAT), Gijs Klomp, M...
Foreign Real Estate Developers Injected EUR215M In Their Romanian Subsidiaries In Jan-Sept
Foreign real estate developers increased the capital of their Romanian subsidiaries by EUR215 million in the first nine months of the year, compared to EUR200 million in the similar interval...
Belrom Wants To Expand Botosani Shopping Center In Nearly EUR3M Investments
Belgian real estate developer Belrom plans to invest nearly EUR3 million in expanding Botosani Shopping Center (northeastern Romania) by 5,000 square meters and an additional 500 parking lot...