Real Estate
Roads Authority To Pay EUR10M For Repair Works On 20 Km Road
Romania’s roads authority CNADNR seeks to contract consolidation and rebuilding works on two road sections totaling 20 kilometers, between Urziceni and Constanta, for an estimated RON47.3 mi...
No Chance Of Growth For Wall And Floor Tile Market Until 2015
Most of wall and floor tile sales go to the residential market, which is currently frozen because of how difficult it is to get a loan and because of the lack of economic policies to encoura...
NEPI To Start Construction On Three Malls By Christmas
South-African investment fund NEPI plans to start work on three more retail projects in Romania by the end of this year, which will entail a total budget of around EUR200 million. The fund h...
CBRE: New Housing Stock In Bucharest-Ilfov Seen Up 15% By 2015, With 4,000 New Apartments
New housing in the Bucharest-Ilfov area stands at over 27,300 units in 115 residential compounds with more than 20 apartments and is expected to increase by 15% over the next two years, acco...
Italy’s IGD To Invest Some EUR5M In Winmarkt Romania Store Chain In 2013
Italian company Immobiliare Grande Distribuzione (IGD) has earmarked nearly EUR5 million for investments in modernizing and extending the rentable area of shopping center chain Winmarkt Roma...
AdePlast IPO Oversubscribed On Retail Segment
Retail investors subscribed all shares on their segment during the first four day of an initial public offering of 33% in building materials producer AdePlast.
Adjusted Construction Works Down 1% On Month In August
Romanian construction works fell 1% in August from a month earlier, due to declining activity in all sectors, the statistics institute INS said Tuesday.
Dedeman Opens Two More Stores, Ends Year With EUR70M Investments
Do-it-yourself retailer Dedeman will open two new stores in Targu-Mures and Ploiesti for a total of 36 stores by the end of 2013, six more than at the beginning of the year.
Revamped Seaside Rex Hotel To Reopen Next Year
Five star seaside Rex Hotel in Mamaia (SE Romania) should reopen next year, after a EUR3.5 million renovation and a further EUR5 million upgrade investment, owner Carmen Adamescu says.