Real Estate
Bucharest Radisson Blu's Owner Considerably Narrows Loss In 1Q
Romanian hotel operator Bucuresti Turism (BUTU.RO), which operates the Radisson hotel in Bucharest, posted a loss of just RON6,000 and its turnover increased nearly 4%, to RON26.3 million (E...
AdePlast Opens New Polystyrene Production Unit Following EUR3.2M Investment
Romanian building materials producer AdePlast, controlled by businessman Marcel Barbut, has opened a new polystyrene production unit in Oradea, northwestern Romania, following an investment...
Realty Transactions In Romania Up 32% In Jan-April
The number of real estate transactions in Romania rose 32% in the first four months of 2013 to 262,649 from 199,362 in the similar interval a year ago, according to the country’s National Ca...
Bankrupt Armonia Braila Fails To Attract Buyers At EUR15M, Creditors Might Lower Price Again
Bankrupt shopping center Armonia Mall in Braila, eastern Romania has failed to attract a buyer despite a 30% cut in the asking price, to EUR15 million, and its creditors might have to lower...
AFI Palace Retailers Registered Sales Of EUR47M In 1Q
Retailers hosted by AFI Palace Cotroceni Bucharest registered sales of EUR47 million in the first quarter of the year, up 1.6% expressed in euros, while revenues from rents increased 10%, to...
NEPI 1Q Profit Rises To EUR11.2M
South-African real estate investment fund New Europe Property Investments (NEP.RO) said Wednesday its profit attributable to shareholders rose to EUR11.2 million in the first quarter of the...
Impact Developer 1Q Revenues Double To RON5.6M
Romanian realty developer Impact Developer&Contractor (IMP.RO) said Wednesday it registered revenues of 5.6 million lei (EUR1.3 million) in the first quarter of 2013, double from RON2.8 mill...
Laminorul 1Q Sales Down 63% On Year To RON20M
Romanian metal and alloy maker Laminorul Braila (LMRU.RO) registered sales of 20.1 million lei (EUR4.5 million) in the first quarter of 2013, down 63.6% from RON55.19 million in the similar...
Romcarbon Sales Slightly Up In 1Q To RON31.1M
Romanian plastic profiles producer Romcarbon Buzau (ROCE.RO) said Tuesday its net sales increased slightly in the first quarter, to 31.1 million lei (EUR7.1 million), and its losses widened...