Real Estate
Office Space Rentals In Bucharest Up 20% In 1Q To 60,000 Sqm
Office space rentals in Bucharest totaled about 60,000 square meters in the first quarter of 2013, up 20% on the year, according to firm The Advisers/Knight Frank, which brokered one third o...
Israel’s Tagor Invested EUR6M In Residential Compound Adora So Far
Israeli-owned real estate developer Tagor has so far invested EUR6.1 million in residential compound Adora Urban Village located in south-western Bucharest.
Alpha Bank Takes Over Doamna Ghica Plaza Residential Complex
Alpha Bank has taken over the Doamna Ghica Plaza residential complex in Colentina (northeastern Bucharest), developed by a Slovenian group and several local investors, among which bankers an...
Romanian Wood Industry Expects Better 2013
The wood industry, where the most important competitors are Austrian-held will have a good 2013 judging from the budgets of the main players.
Plaza Centers Reports EUR34M Loss Due To Depreciation Of Romanian Assets
Israeli Plaza Centers, the real estate developer of the Casa Radio project in Romania’s capital city Bucharest, reported loss of EUR85.9 million in 2012, mainly due to a EUR34.1 million decr...
Housing Prices In Bucharest On Downward Trend In 1Q/2013
Prices of old apartments in Romania’s capital city Bucharest declined in the first quarter of 2013, compared to the end of 2012, whereas in other six big cities prices went up even by 4.1%,...
INS: Adjusted Construction Works Up 5% On Month In February
Romanian construction works rose 5% in February from a month earlier, on higher activity in most sectors, the statistics institute INS said Monday.
Largest Insolvent Real Estate Projects Total Over EUR1B In Debt
The last four years saw more insolvencies announced than new investments started, and going insolvent most often means bankruptcy and liquidation.
Budget For Romania’s Roads And Highways 5% Lower Than 2012 Spending
The company in charge of Romania’s highways and national roads, CNADNR, will get 5.8 billion lei (EUR1.3 billion) budget this year, down 27% on the allocation in early 2012 and 5% less than...