Real Estate
Ovidiu Buluc: Farmexim Has Consolidation Plans Over Next Two Years
Businessman Ovidiu Buluc, majority owner of drug wholesaler Farmexim, says he will move the company’s operations to the new storage facility in Balotesti (north of Bucharest) at the end of 2...
Romania Adjusted Construction Works Down 0.7% On Month In October
Romanian construction works fell 0.7% in October from a month earlier, due to declining activity in most sectors, the statistics institute INS said Friday.
Echo Investment To Start Work On Brasov Mall In Summer
Echo Investment, controlled by billionaire Michal Solowow, the third richest man in Poland, has announced the start of works on the EUR100-million Korona Brasov mall, for which it bought lan...
BCR Suspends Foreclosure Auction On Shopping Center Cocor
Romanian lender Banca Comerciala Romana (BCR) has approved the suspension of foreclosure procedures targeting Bucharest shopping center Cocor, the owner of the mall said in a statement Thurs...
Romanian Pillar II Funds Won’t Be Allowed To Invest In Private Equity Real Estate Starting 2013
Romanian mandatory private pension fund (Pillar II) administrators will be forbidden to invest in private equity real estate or in securitized financial instruments starting January 1, 2013,...
Housing Prices In Romania’s Largest Cities Halved Since 2008
Housing prices in Romania’s largest cities have declined by 52% since March 2008, when the real estate market reached its peak, according to an analysis by real estate website imobiliare.ro.
Bucharest Compound Cortina Residence Auctioned Off Again For EUR7.3M
Bucharest-based real estate compound Cortina Residence, under bankruptcy, will be auctioned off again at a lower price of EUR7.33 million.
Search Corporation: Comarnic-Brasov Highway Should Be Priority, Sibiu-Pitesti Is Four Times More Expensive
The Bucharest-Brasov, Craiova-Pitesti highways and Bucharest’s highway-standard ring road are among the roads desperately needed for years, says Valentin Stoica, general manager of design fi...
Unirea Store To Be Connected To Subway Station Via Shopping Gallery
Unirea Shopping Center in Bucharest will be connected to the most transited subway station of the city via an underground shopping gallery.