Real Estate
BCR Has EUR45M For Local Currency Loans Under First Home Program
Romania’s Banca Comerciala Romana has received an additional EUR45 million for the First Home program, which it intends give out as loans in lei as soon as legislation amendments to the prog...
Fashion Retailer Inditex Set To Expand To Over 100 Stores In 2013
Inditex, the leader of the Romanian fashion market with EUR122 million in revenue last year, will open four more stores in the mall Carrefour is developing in Ploiesti together with South-Af...
The Advisers/Knight Frank Seeks Tenants For Charles de Gaulle Plaza
Romanian realty consultant The Advisers/Knight Frank will deal will leasing the available space in Bucharest-based office building Charles de Gaulle Plaza, after one of its major tenants Uni...
Bucharest New Apartment Prices Down 6.3% In Jan-Sept - Survey
New apartment prices in capital Bucharest have fallen by about 6.3% since the beginning of the year, according to a report by realty portal imobiliare.ro.
INS: Adjusted Construction Works Up 5% On Year In August
Romanian construction works rose 5% in August from the year-earlier month, lifted by new construction activity, the statistics institute INS said Monday.
S.African NEPI Wants To Raise Capital By EUR50M
South-African investment fund New Europe Property Investment (NEP.RO) Friday said it plans to raise EUR50 million via a rights offer to shareholders at EUR4.05 a share.
Alpha Bank Loses Patience With Two More Customers
Alpha Bank has lost patience with the large customers not repaying their loans and has resorted more and more often to petitioning the court for their insolvency. The latest two such petitio...
Italian Nusco To Construct EUR17M Office Building In Bucharest
Michele Nusco, CEO and one of the shareholders of Italian group Nusco, said the company will start the construction of a new office building in capital Bucharest at the end of the year.
Romania Raises Local Taxes And Fines By 16% In 2013
Local taxes and fines will increase 16.05% starting next year, indexed for inflation for the period 2010-2012, according to a draft government decision put forth by the Finance Ministry.