Real Estate
Arabesque’s Sales Fell To EUR430M In 2012
Romanian construction material distributor Arabesque registered turnover of 1.906 billion lei (some EUR430 million) in 2012, down 3.8% on the year.
Bel Rom’s Retail Park In Bacau Might Enter Insolvency
Bel Rom Cinci SRL, the firm through which Belgian group Bel Rom developed the retail park Hello Shopping Park in Bacau, northeastern Romania, filed an insolvency claim Tuesday targeting the...
Romania Saw No Significant Commercial Property Deal In 2Q
Romania registered no significant commercial property transaction in the second quarter of 2013 because the country is regarded as a risky market and banks are still cautious when it comes t...
Apartment Prices Fell 4.5% In Romania In 1H
Apartment prices in Romania fell 4.5% in the first half of 2013 from EUR978 per square meter in January to EUR934/sqm at the end of June, according to real estate portal imobiliare.ro.
Liviu Tudor Says Romania Can Become An Investment Hub In The Region
Romanian businessman Liviu Tudor, owner of business parks Novo Park and West Gate, with a total rentable area of 150,000 square meters, said qualified staff and competitive wages turn Romani...
Cocor Bucuresti Restructures EUR15M Loan From BCR
The owners of shopping center Cocor in Bucharest and lender Banca Comerciala Romana (BCR) have agreed to restructure a EUR15 million loan the mall took out in 2008.
Two Romanian Businessmen Develop EUR20M Business Park In Timisoara
Two Romanian businessmen will invest about EUR20 million in developing a business park in the western city of Timisoara.
Expanded Polystyrene Market Doubled In 2011-2012 - Survey
The Romanian expanded polystyrene (EPS) market doubled in 2011-2012 compared with 2007-2010, thanks to an increase in sales supported by building thermal rehabilitation projects, according t...
Wienerberger: Masonry Industry Works At 60%-70% Capacity
The plants manufacturing masonry materials such as bricks and autoclaved cellular concrete (ACC) blocks are now working much below their capacity, says Corneliu Fecioru, member of the board,...