Real Estate
EFG Eurobank: Housing Prices In Romania On Upward Trend For Second Straight Quarter
Residential property prices in Romania rose for the second consecutive quarter, as in the April-June period their increase was similar with that in the first quarter of 2013, which could be...
Cargill And TTS To Invest EUR15M In Expanding Grain Terminal In Constanta Port
U.S. agri-food company Cargill and freight transport company Transport Trade Services (TTS) will invest EUR15 million in extending grain terminal Canopus Star in the Port of Constanta.
Iulius Group’s Malls Register Rental Revenues Of Over EUR29M In 1H
The five shopping centers owned by Romanian businessman Iulian Dascalu and his office center Palas Iasi generated aggregate rental revenues of EUR30.68 million in the first half of the year.
Thomas Cook Neckermann Wants To Promote Bucharest As City Break Summer Destination
Thomas Cook Neckermann plans to promote Romania’s capital Bucharest in Germany, UK, France and other countries as a city break destination in summer, when hotels are cheaper than the rest of...
Government Seeks To Tax Compensations Of Owners Of Nationalized Property
Romania’s national property restitution authority ANRP and the Finance Ministry are looking into a taxation system to levy taxes on former owners of nationalized property whose government-aw...
Echo Investment To Start Construction Of EUR100M Korona Brasov Mall In 2014
Polish real estate developer Echo Investment will start building shopping center Korona Brasov in 2014 although it bought the 5-hectare land needed to construct the mall five years ago.
Office Space Tenants Reduce Rental Costs By EUR4.2M Through Contract Renegotiation
Real estate consulting firm CBRE Romania brokered nine office space transactions (18,000 square meters) in the first half of the year, and most of the contracts were renegotiated or extended...
Number Of Realty Deals In Romania Up 20% In January-May
The number of real estate transactions in Romania increased 20% on the year to 323,419 in the first five months of 2013, while the number of new mortgages registered with national cadastre a...
Popoviciu And Dimofte Get EUR30M Profits From Malls And Retail Spaces
Sixteen companies known to be controlled by businesspersons Gabriel Popoviciu and Radu Dimofte reported total profit of almost EUR30 million in 2012, up 85% on the year, reveals a ZF analysi...