Real Estate
Constructor Bog'Art Estimates Turnover Of EUR100M In 2013
Romanian construction company Bog'Art estimates its turnover will rise to EUR80 million in 2012, from EUR76 million a year ago, and targets to increase it to EUR100 million in 2013.
Group Holding Invests EUR55M In Office Tower Project In Bucharest
Czech group S Group Holding will invest EUR55 million to develop office tower Green Gate in Romania’s capital Bucharest.
AFI Completes 1st Office Building Of Bucharest AFI Park
Real estate developer AFI Europe Romania has completed its first office building of Bucharest-based AFI Park office compound, which is scheduled to have five such units, the company said in...
Mandatory Home Insurance Suspended In Court
The Bucharest Court of Appeals has suspended, at the request of Astra, the enforcement of an order issued in August by the Insurance Supervisory Commission (CSA) forcing home owners to buy a...
EC To Co-Finance Building Thermal Rehab, Homeowners Must Contribute At Least 10%
The European Commission will co-finance Romanian building thermal rehabilitation projects provided the program includes apartment blocks accommodating disadvantaged people and families on lo...
Development Ministry Will Pay Off Rural Infrastructure Arrears Of RON144M
Romania’s Regional Development Ministry is the new administrator of the Rural Infrastructure Development Program and will pay off rural infrastructure debts of 144 million lei (EUR31.9 milli...
NEPI Targets Major Investment Project In Romania In 2012
South African investment fund New Europe Property Investments (NEPI), one of the most active realty investors on the Romanian market over the past years, plans to invest in a major project i...
Bucharest Court Of Appeals Rejects Insolvency At Romexpo
Romanian expo center Romexpo has exited the state of insolvency as the Bucharest Court of Appeals admitted its appeal and overruled the insolvency claim filed against the center by firm Arse...
Echo Investment To Start Construction of Shopping Center In Brasov
Polish real estate developer Echo Investment said Tuesday it will soon start the construction of shopping center Korona in Brasov, central Romania.