Real Estate
Raiffeisen Banca pentru Locuinte Net Profit Slightly Up In 2012
Romanian housing bank Raiffeisen Banca pentru Locuinte (RBL) registered net profit of over 0.5 million lei (EUR0.11 million) in 2012, slightly up on the year.
GTC Romania Retail Assets' Value Down Significantly in 2012
The value of retail assets of Israeli-owned real estate developer Globe Trade Center (GTC) has decreased by over EUR500 million since 2009, with Romanian properties accounting for the highes...
Adama Wants To Start New Residential Projects In Romania In 2013
Real estate developer Adama, part of Austrian group Immofinanz, sold 100 apartments in Romania in 2012 and plans to double sales to 200 units this year, as well as develop at least two new r...
Romania To Place Conditions On Farmland Purchase By Foreigners
Foreigners are unlikely to buy large areas of farmland in Romania after the liberalization of land transactions starting January 1, 2014 and will have to meet certain requirements, Achim Iri...
Reckitt Benckiser Moves To Office Building Metropolis In Bucharest
British multinational consumer goods company Reckitt Benckiser has rented out 1,000 square meters in office building Metropolis in capital city Bucharest, through a transaction brokered by c...
Mercedes Moves To Insolvent Swan Pipera Complex
Mercedes-Benz Romania, the local subsidiary of Daimler, which imported and sold 3,300 cars on this market last year, has recently signed the lease for 3,000 square meters of office space in...
Tommy Hilfiger Group Opens 8th Store In Romania
Apparel and retail group Tommy Hilfiger has opened its eighth store in Romania, in shopping center Iulius Mall Timisoara.
C&A To Open Five Stores This Year In Romania
Dutch retailer C&A, one of the largest players on the European fashion market, will open 4-5 new stores this year in Romania, in capital Bucharest and elsewhere.
Real Estate Developer Adama Has New Marketing & Sales Manager
Alina Necula has taken over as marketing and sales manager of real estate developer Adama, replacing Asher Lax who decided to leave the company.