Real Estate
Tower Center Almost 70% Rented
Audit and advisory firm Ernst & Young and Belgian IT company Cegeka rented nine of the 22 floors of Bucharest’s Tower Center in Victoriei Square.
AFI Europe Romania To Open Mall In Ploiesti In October; Occupancy Rate Currently At 90%
Real estate developer AFI Europe Romania will open a 30,000-square meter shopping center in Ploiesti on October 3 and the mall is currently 90% rented.
Unfinished Focsani Plaza Project Auctioned Off Again For EUR4.2M
The real estate project involving the Focsani Plaza shopping mall will be auctioned off again, through outcry bid, on Thursday, at a slightly lower starting price of EUR4.2 million, VAT not...
AdePlast Opens Polystyrene Production Unit In Roman
Romanian building materials producer AdePlast, controlled by businessman Marcel Barbut, on Saturday opened a polystyrene production unit in Roman, eastern Romania, following an investment wo...
Banks Book EUR3.6B Income Through “First Home” Program
The state-guaranteed “First Home” program launched in 2009 is close to running out of funds, with EUR160 million left for loans. Banks have granted 92,000 “First home” loans out of a total p...
Kingfisher Closes On Its Acquisition Of Bricostore
British group Kingfisher, with annual turnover of around EUR12 billion, has the green light to enter the Romanian DIY market after closing on the acquisition of the 15-unit Bricostore chain...
Lawyer Daniel Voicu To Develop EUR1.5M Block Of Apartments In Central Bucharest
Lawyer Daniel Voicu, one of the founders of law firm Voicu & Filipescu, with turnover of EUR3.8 million in 2012, is investing EUR1.5 million in a 10-apartment block in central Bucharest, bet...
Builder Bog’Art Sees 5% Revenue Growth In 2012
Construction company Bog’Art, controlled by businessman Raul Doicescu, posted revenue of about 340 million lei (EUR78 million) last year, up almost 5% on year in lei.
ArcelorMittal Hunedoara To Merge With Mecanica Sider
Romanian steelmaker ArcelorMittal Hunedoara (SIDG.RO) will merge with firm Mecanica Sider, which it controls.