Real Estate
Romanian Hotel, Guest House Asking Prices Comparable To Luxury Home Prices
Prices of hotels and guest houses in Romanian cities have declined due to the crisis to levels similar of those for luxury homes, according to real estate portal SpatiiComerciale.ro.
Romanian Insurance Market Sees 5.8% Growth In 2012 After Three Years Of Decline
The Romanian insurance market posted 5.8% growth last year, to 8.27 billion lei (EUR188 million), after declining nearly 12% in 2009-2011, from RON8.87 billion to RON7.82 billion, the countr...
Major Owners Made EUR350M From Real Estate In 2012
The ten largest investors on the local real estate market made EUR350 million revenue from malls and office space last year, while some of the groups even saw an increase by 20% to 30% in re...
Alumil 2012 Sales Down 7.4% On Year, To RON68.5M
Romanian aluminum processor Alumil Rom Industry (ALU.RO) Friday said its sales declined 7.4% to 68.5 million lei (EUR15.4 million) on the year in 2012.
NEPI Plans To Build A Mall In Bucharest And Become Largest Office Owner
Martin Slabbert, CEO of South African investment fund NEPI, is perhaps the only investor in Romanian real estate who can say about the last five years that they have been “great”.
Iulius Group Attracts Three New Tenants To United Business Center In Palas Iasi
Romanian realty developer Iulius Group, owned by businessman Iulian Dascalu, has attracted three new tenants to United Business Center, the office component of the group's Palas Iasi mixed d...
Corporate Office Solutions: Companies Invest In Furniture Again
Office furniture importer Corporate Office Solutions expects sales to reach EUR15 million this year, up 27% on the EUR11.8 million of 2012.
Lafarge Cement Sales In Romania Up 7.9% In 2012
Lafarge cement sales in Romania increased 7.9% last year, driven by larger volumes both in the fourth quarter and throughout the year, the French construction material producer said in a rep...
Housing Prices In Romania On Downward Trend In Past 12 Months
Prices of studio flats and two-room apartments fell by 14.3% and 7.3%, respectively, over the past 12 months, while three-room apartments in capital city Bucharest saw the biggest price decl...