Real Estate
Carpatcement Sees 3% Growth In Turnover In 2013, To RON834.8M
Cement producer Carpatcement Holding, part of German group HeidelbergCement, expects a turnover of RON834.8 million this year, up 3.3% from 2012, and a gross profit of RON174.9 million, down...
Mures County Council Seeks EUR20M Loan For Public Projects
The Mures County Council seeks a 15-year loan for RON89 million lei (EUR19.8 million) to fund public investments.
Bucharest Among Top 15 Cities With Biggest Drops In Office Occupancy Costs
Bucharest ranks 12tyh in the top 15 cities in the world with the biggest cost reductions in office space occupancy, with a 6.1% drop in the first quarter compared to the same period in 2012,...
Danubius Hotels Reduced Loss In Romania In 1Q
Hungarian group Danubius Hotels registered loss before taxation of HUF23 million (340,000 lei) in Romania in the first quarter of 2013, down one third on the year, as revenues increased 13%...
RA-APPS Lowers Asking Prices 20%, Plans New Auction In July
Romania’s state property authority RA-APPS has lowered prices for real estate it plans to auction off by 20%, despite experts warning the only solution for better prices would be a fund list...
Dedeman Opens 32nd Store Next Week In EUR9M Investment
Romania’s biggest do-it-yourself retail chain Dedeman will open a new store next Friday, in Miercurea Ciuc, central Romania, following an investment of EUR9 million.
Top 3 Companies In DIY And Construction Material Distribution Boast Sales Of Over EUR1B
The three largest DIY and construction materials distribution players last year were three Romanian-held companies – Bacau-based Dedeman, Galati-based Arabesque and Sibiu-based Ambient, whos...
Home Prices Might Fall Once Financing For 2013 First Home Program Is Exhausted
Over 70% of Romanians interested in buying a home want to make the acquisition through the state-guaranteed First Home program, as they are not eligible for other mortgage loans, therefore h...
Romstal Imex Sales Steady At EUR120M In 2012
Romanian construction material distributor Romstal Imex registered turnover of about EUR120 million in 2012, stable on the year, while its net profit fell by about one third to EUR2.3 millio...