Real Estate
Iaciu Conducts Tender Offer For Impact Developer & Constructor
Businessman Gheorghe Iaciu is conducting a mandatory tender offer for real estate developer Impact Developer & Contractor (IMP.RO) and plans to buy 61.95% in it paying 19.61 million lei (EUR...
One Quarter Of Plaza Romania To Turn Into Office Space, General Manager Says
The revamping of the Bucuresti Mall and Plaza Romania shopping centers in Bucharest will begin no later than next spring and end within two years to be ready in time for new competitors, say...
Electromagnetica Expects To Sell EUR6M In LED Lights This Years, Taps New Export Markets
Romanian electric and electronic equipment maker Electromagnetica Bucuresti (ELMA.RO) expects to sell EUR6 million worth of LED lights this year, double compared to last year, and plans to r...
Promenada And Baneasa Malls Start Fight Over Richest Romanians’ Budgets In October
The opening in less than a month of the Promenada Mall in northern Bucharest will set off one of the biggest battles for clients in Romanian modern retail: the mall’s owner, Austrian Raiffei...
Timisoara Airport Seeks To Develop Modular Terminal For EUR112M
The international airport in Timisoara, western Romania, is looking to develop a modular terminal to improve connections between the airport and road transport means, hoping to raise passeng...
Romania Hospitality Industry Fell 20% In 2008-2010; Accounted For 2.1% Of GDP In 2010
The Romanian hospitality industry (hotels, restaurants, bars, event planning) fell over 20% in Romania between 2008 and 2010 and accounted for a little over 2% of the gross domestic product...
Romania Airports Need Infrastructure Investments Of EUR300M In Next 10 Years
Airports in Romania need at least EUR200-300 million for investments in new runways, terminals and infrastructure in the next ten years, David Ciceo, president of the Romanian Airports Assoc...
Romania To Charge Health Care Contributions On Revenues From Rents
People gaining income from rents will have to pay health care contributions of 5.5%, according to a government emergency decree approved Wednesday, people close to the matter told MEDIAFAX.
Adamescu Family To Invest EUR55M In Its Two Unirea Shopping Centers
The Adamescu family, which owns Astra Asigurari, Unirea Shopping Center, Rex and Intercontinental hotels and two office buildings in Bucharest, plans to invest EUR55 million in the next two...