Real Estate
NEPI Closes Book Build; Raises EUR59M In Capital
South-African investment fund New Europe Property Investment (NEP.RO) has closed its book build launched earlier Monday after raising 700 million South African rand (some EUR59 million), abo...
S.African NEPI To Increase Capital By EUR42.5M
South-African investment fund New Europe Property Investment (NEP.RO) Monday said it plans to raise about 500 million South African rand (some EUR42.5 million) through the issue of new share...
Xella Romania Has New CEO
German construction material producer Xella appointed Marius Dragne to the position of chief executive officer of its Romanian unit.
BRD Granted Over EUR900M In Mortgage Loans Under First Home Program
Romanian lender BRD Groupe Societe Generale granted mortgage loans totaling over EUR900 million under the government-backed First Home program, between the summer of 2009 and the end of the...
Property Restitution In Romania Fueled Real Estate Mafia Instead Of Making Historical Reparations
Romania’s Government considers the restitution of property nationalized under the communist regime has degenerated into a major real estate deal from the historical reparation it was suppose...
Brick Maker Cemacon Zalau Sees Turnover Topping RON50M This Year
Romanian brick maker Cemacon (CEON.RO) said Friday it estimates its turnover will reach around 50 million lei (EUR1.1 million) this year, up more than 40% from RON34.5 million in 2012.
Radu Enache Wants To Sell Two Plots And Ibis Hotel In Constanta
Romanian businessman Radu Enache, owner of the Continental Hotels chain, plans to sell two plots located in the cities of Timisoara and Iasi, as well as the Ibis Hotel in the city of Constan...
Private Equity Investors Expect More Transactions In 2013 In CEE, Romania Included
Private equity investors estimate the number of transactions on the merger & acquisition market in Central and Eastern Europe (CEE), including Romania, will increase slightly this year, acco...
Government To Seek Confidence Vote On Property Restitution Bill Wednesday
Romania’s Government will seek a confidence vote in Parliament next Wednesday on a new bill regulating the restitution of property nationalized by the former communist regime.