Real Estate
Sika Romania To Invest In Technology Center In Brasov
Sika Romania, the local subsidiary of Swiss group Sika, which produces chemicals for the construction and manufacturing industries, will invest in a technology center in Brasov, central Roma...
INS: Housing Permits Down 4.5% In First 6 Months
Romanian housing permits fell 4.5% to 17,396 units in the first half of 2013, from 18,217 units a in the year-earlier period, the country’s statistics institute INS said Monday.
Deutsche Bank Looking For Space For Services Center In Bucharest
Deutsche Bank, a former contender in the 2005 privatization race for Romania’s largest bank BCR, has been looking for office space in Bucharest for several months now. The group intends to o...
Papalekas's Real Estate Fund Raises EUR53.6M On London Market For Romania Investments
Globalworth Real Estate Investments, owned by Greek businessman Ioannis Papalekas, one of the most active realty investors in Romania, raised EUR53.6 million by listing its ordinary shares o...
Romania’s Steel Consumption Down 40%, Despite Dire Need For Infrastructure
Despite Romania needing infrastructure, roads, bridges, schools and hospitals, steel consumption has declined significantly in the past few years and continues to do so, according to industr...
Retailer Sport Depot Opens First Romanian Showroom In Bucharest
Sport Depot, part of Germany’s Sport 2000 International, one of Europe’s largest sports equipment retailers, will open its first showroom in Romania, in one of the Global City Business Park...
Alpine Leaves Roads, Railways, Office Spaces Unfinished In Romania
Austrian company Alpine Bau will no longer build 16 km of highway, 50 km of railway and an office building in Romania, as it filed for bankruptcy in Austria.
Office Space Rentals In Bucharest Up 12% In 1H To 125,000 Sqm
Office space rentals in Bucharest totaled 125,000 square meters in the first half of 2013, up 12% on the year, and new rental contracts made up less than one quarter, according to real estat...
West Europeans Start Using Malls As Leisure Destination
Romanians go to malls to shop and spend their spare time and this trend has started to also take shape in Western European countries where people mainly go to malls for shopping, according t...