Real Estate
UTI Grup Signs EUR9M Contract To Refurbish Valcea Emergency Hospital
UTI Grup on Tuesday signed a contract worth EUR9 million for rehabilitation and upgrade works at Valcea Emergency Hospital.
Romania Ranks 3rd In Realty Transactions Top In CE, In 2012
Romania ranks third among the most attractive five markets for realty investors in Central Europe CE in 2012, by real estate investment value, according to a survey of real estate consultanc...
Dozens Of Foreclosed Homes In Bucharest Up For Sale At Reduced Prices
The average price of foreclosed studio flats put up for sale in Romania is EUR7,000 and two-room apartments are auctioned off for an average of EUR20,000.
INS: Adjusted Construction Works Up 5.1% On Month In November
Romanian construction works rose 5.1% in November from a month earlier, on higher activity in most sectors, the statistics institute INS said Friday.
Romanian Hidroelectrica, First Tenant In Bucharest Tower Center International
Romania’s insolvent power producer Hidroelectrica Thursday said it leased 3,200 square meters in the office building Tower Center International in Bucharest's Victoriei Square, being the fir...
Real Estate Transactions At EUR340M In 2012
The value of real estate transactions in Romania stood at about EUR340 million last year, slightly up from EUR320 million in 2011, according to Mediafax calculations.
Grand Arena Owners Deem Court Decision Admitting Insolvency Claim Groundless, Appeal Ruling
The owners of Bucharest’s shopping center Grand Arena, which entered insolvency at the end of last year, said Friday the court ruling allowing for the start of insolvency proceedings was unf...
Euro Remains By Far Romania's Preferred Currency For Mortgage Loans
Almost 16,000 Romanians bought a house or an apartment on credit last year, but only one in ten chose a loan in Romanian lei.
Insolvent Grand Arena Mall Announces New Major Tenant
Shopping center Grand Arena in southern Bucharest went insolvent at the end of last year as a result of the petitions of three construction companies. “We don’t owe a single leu,” say the ow...