Real Estate
Five-Star Intercontinental Hotel Has New General Manager
German Stefan Frank has become the new general manager of the five-star Intercontinental Hotel in Bucharest, which operates 257 rooms.
CNADNR’s Debts To Constructors To Be Paid In Tranches
The 1.3 billion lei (EUR284 million) debts of Romanian national roads authority CNADNR to road constructors will be paid in tranches, and the payment calendar has yet to be decided, Prime Mi...
Lafarge Romania Invests RON13.7M In Waste Co-Processing Unit
Cement maker Lafarge Romania, a unit of French group Lafarge, invested 13.7 million lei (about EUR3 million) in extending and upgrading the waste co-processing unit at its plant in Hoghiz, B...
Businessman Ioannis Papalekas To Invest In Office Building On Porsche Showroom Site
Greek businessman Ioannis Papalekas, who also bought bankrupt City Mall and insolvent Tower Center in Bucharest this year, has made a new acquisition, namely the site of Porsche Aviatiei sho...
Real Estate Developer RomReal Might Default On EUR11.6M Loan Provided By Alpha Bank
Real estate developer RomReal, which has several properties in Romania, Friday said it is currently unable to discharge its entire debt to lender Alpha Bank and might default on its loan unl...
Real Estate Developers To Launch Three New Housing Projects At Bucharest Fair
Real estate developers will launch three new Bucharest residential projects worth a total of EUR40 million at the National Realty Fair (tIMOn) to take place between October 25 and October 28...
Strabag Expects Turnover Of EUR350M In 2012
Austrian group Strabag, which is building Deva-Orastie and Orastie-Sibiu highways in Romania, as well as office building Sky Tower in Bucharest, estimates a turnover of around EUR350 million...
Land Transactions In Romania Limited By Political, Economic Instability - Survey
Land prices in Bucharest have stagnated over the past two years, while the main factor that affected transactions was not the price but the economic and political instability, as well as the...
Bucharest Real Estate Developers Sold Up To 5 Apartments Monthly In 2012 - Survey
Real estate developers sold on average two to five apartments per month in 2012, so that 10,000 new apartments are currently available for sale in capital Bucharest and most of them address...