Real Estate
DeLonghi To Build Second Plant In Romania
Italian household appliances producer DeLonghi will build a second plant in Jucu, in the northwestern Romanian Cluj county, where it plans to produce coffee maker parts.
Government’s Failure To Get EU Funds Causes 14% Drop In Infrastructure Construction
Ponta Government claims it made investments in infrastructure using EU funds a priority but statistics show otherwise. Zero SOP-T infrastructure funds in the first quarter, 30% drop in payme...
INS: Adjusted Construction Works Down 5.1% On Year In 1Q
Romanian construction works fell 5.1% in the first three months of 2013 from the year-earlier period, due to a 13.5% drop in new constructions, the statistics institute INS said Monday.
Teraplast 1Q Sales Up 5% On Year To RON39.4M
Romanian plastic systems maker Teraplast Bistrita (TRP.RO) said Friday its sales increased 5% in the first quarter of 2013 to 39.4 million lei (EUR9.1 million), from RON37.5 million in the s...
Constitutional Court Overrules Opposition’s Claims Over Nationalized Property Bill
Romania’s Constitutiaonl Court on Friday rejected the opposition Democratic Liberal Party’s claim of unconstitutionality on the recently adopted property restitution bill, people close to th...
Craiova-Pitesti Highway Investment To Be Recouped From Road Tolls In Up To 60 Years, Twice The Concession Period
The investment in the Craiova-Pitesti highway or expressway, which is set to be built under concession for EUR1,7 billion or around EUR40 million per km, will be recouped only from road toll...
Papalekas Has The “Sketch” Of Building To Be Erected On Former Porsche Showroom Site
No sooner had Porsche Aviatiei showroom in Bucharest closed at the end of April, than information and even pictures surfaced on the real estate market related to the future office building G...
Holcim Romania 1Q Cement, Clinker Sales Rose 8.3% By Volume
Holcim Romania’s sales of cement and clinker increased 8.3% by volume in the first quarter of the year, while aggregate sales fell 9.1%, Swiss group Holcim said Wednesday.
How To Waste Money: 230 Km Of Highways To Cost EUR5B
Comarnic-Brasov (58 km) and Craiova-Pitesti (121 km) highways, as well as Bucharest’s southern bypass route (48 km), are set to be built under concession, but the huge costs accepted by the...