Real Estate
New Promenada Mall In Bucharest To Open This Fall
Real estate developer Raiffeisen Evolution will open the new Promenada mall in capital city Bucharest by the end of October.
Prefab Swings To RON2M Loss In 1Q
Romanian building materials maker Prefab (PREH.RO) Tuesday said it has swung to a loss of 1.96 million lei (EUR0.46 million) in the first quarter, versus profits a year earlier, hit by highe...
RomReal Seeks To Sell Lands In Romania, Splits Plots To Attract Buyers
Real estate developer RomReal, with Norwegian and british capital, plans to sell part of the 130 hectares of land it owns in several areas in Romania to ensure liquidity and has started brea...
THR Marea Neagra To Borrow RON15M And Pledge Five Hotels As Collateral
Romanian hotel company THR Marea Neagra (EFO.RO), owned by regional investment fund SIF Transilvania (SIF3.RO), will contract two credit lines totaling RON15 million, for which it plans to p...
Foreign Realty Investors Added EUR120M To Romanian Subsidiaries’ Capital In 1Q/2013
Foreign real estate investors brought over EUR120 million to the capital of Romanian subsidiaries in the first three months of 2013, which is 7.5 times higher from EUR16 million in the same...
McDonald’s To Buy Land Of Its Craiova Restaurant
McDonald’s, the largest player on the Romanian restaurant market, with turnover of EUR94 million in 2011, will buy an almost 2,000 square-meter plot from the Craiova City Hall. The company h...
Cemacon Shares Boast Highest Gains On Bucharest Stock Exchange
Romanian brick manufacturer Cemacon (CEON.RO), which has a plant in Zalau, has been the star of the beginning of the year on the Bucharest Stock Exchange, as the value of its shares almost d...
Sonae Sierra Wants To Start Construction Of Bucharest Mall ParkLake In 2014
Portuguese mall developer Sonae Sierra said it plans to set off construction works on the ParkLake Plaza shopping center in Bucharest’s Titan district in 2014.
Strabag Romania Works Value Up 81% In 2012, To EUR371M
The value of works performed by Austrian constructor Strabag in Romania rose 81% to EUR371 million in 2012, from EUR206 million a year ago, and over 40% of works targeted road construction.