Real Estate
Romania June Construction Output Falls At Fastest Pace In EU
Romanian adjusted construction output fell 2.4% on the month in June, the largest decreased in the European Union, official data showed Tuesday.
Holcim 1H Cement Sales In Romania Down 0.7% On Year
Swiss-based building materials maker Holcim Friday said its cement and clinker sales in Romania inched down 0.7% on the year in the first six months, amid sluggish construction activity in t...
Advent International Sells Romanian Paints Producer Deutek To Axxess Capital
Global private equity firm Advent International Wednesday said it has sold its holding in Romanian decorative paints producer Deutek to Emerging Europe Accession Fund (EEAF) for an undisclos...
AFI Palace Retailers Registered Sales Of EUR95.5M In 1H
Retailers hosted by AFI Palace Cotroceni Bucharest registered sales of EUR95.5 million in the first half of the year, up 4.1%, while revenues from rents increased 7.6%, to EUR14.1 million.
Lemet Invests RON1.5M In Furniture Store In Curtea De Arges, S Romania
Furniture producer Lemet will open a store in Curtea de Arges, southern Romania, following an investment of around RON1.5 million.
Romanians Working Abroad No Longer Bring The Needed “Breath Of Fresh Air” For Residential Constructions
Romanians working abroad and who return home for their summer holiday are investing less money in the construction of new homes or in renovations than in previous years, say commune mayors a...
Six Years On The Romanian Market, Ikea Has Yet To Find Spot For Second Store
Ikea’s store in Baneasa, northern Bucharest, will remain the only store of the company in Romania at least until the end of 2014, even though Ikea had announced plans for a second store upon...
Romania Might Raise Funds For 2013 First Home Program By Extra RON200M
Romania’s government will increase funding for this year’s edition of the state-guaranteed First Home mortgage lending program by extra 200 million lei (EUR45.2 million) for the acquisitions...
NEPI Raised EUR11.4M Through New Share Issue
South-African investment fund New Europe Property Investments (NEP.RO), one of the most active real estate investors in Romania, attracted some EUR11.4 million through a new ordinary share i...