Real Estate
Construction Material Producers Turn To Exports To Offset Local Decline
The days when Romanian construction material producers could barely keep up with domestic demand are long gone, as the industry shrank by EUR2.5 billion in five years, making many local busi...
Five New Tenants Bring AFI Park 1's Occupancy Rate To 85%
AFI Park 1, the first office building finished by Israeli developer AFI Europe in Bucharest, has reached an 85% occupancy rate, after five new leasing contracts were signed.
Apartment Prices Up In Bucharest For Third Straight Month
The average asking prices for old three-room apartments in Bucharest rose in February for the third month in a row to an average of EUR76,200, according to the Real Estate Index compiled by...
Teraplast Loss Narrows To RON15M In 2012
Romanian plastic systems maker Teraplast Bistrita (TRP.RO) Thursday reported losses of 15.14 million lei (EUR3.54 million) for 2012, down 6.59% on the year.
Insolvent Concefa Sibiu 2012 Revenues Fell To RON22.7M
Romanian insolvent construction company Concefa Sibiu (COFI.RO) Thursday said its revenues dropped almost four times last year to 22.7 million lei (EUR5.2 million), from RON85 million in 201...
INS: Romania Housing Permits Down 2.2% On Year In January
Romania issued 1,694 buildings permits for residential projects in January, down 2.2% on the year, the statistics institute INS said Thursday.
Papalekas Buys Cathedral Plaza
Greek investor Ioannis Papalekas who has been buying distressed properties worth over EUR70 million in the last sixteen months has recently struck a deal with Israeli billionaire Eyal Ofer t...
Felinvest Completes First Office Building Module In N-W Romania
Felinvest (FEL.RO), a real estate company owned by businessman Octavian Buzoianu, will complete in March its first office building module part of a real estate project developed on the forme...
Skanska Invests EUR46M In Its First Romania Office Project
Swedish group Skanska has started the construction of office compound Green Court in Romanian capital city Bucharest and will invest EUR46 million in the first phase of the project, which in...