Real Estate
Ceramic Tile Maker KAI Expects Over 20% Growth In 2012
Ceramic tile maker KAI Group, controlled by private equity firm Advent International, posted more than EUR10 million sales on the Romanian market in the first half, up 20% year-on-year.
Was ‘First Home’ Created For Banks Or People?
About 72,000 Romanians have borrowed more than EUR2.8 billion to buy a home through the “First Home” scheme in the last three years, but the money was mostly spent on old apartments, accordi...
All Quiet On The Retail Space Front. Why?
EUR210 million or EUR180 million - that is how much international real estate investors were willing to pay, and did in some cases, for a mall in a city other than Romania’s capital Buchares...
Romania Will Simplify Home Insurance Procedures
Romanian homeowners who want to buy voluntary home insurance to cover damages that exceed mandatory home insurance coverage will sign only one contract, not two, according to the Pool of Ins...
Strabag 1H Turnover Surges 157% On Year, At EUR141M
Austrian group Strabag posted a turnover of almost EUR141 million in the first half of 2012, up 157% year-on-year, amid a stagnating construction market.
Constanta Casino Returned To Local Authorities For Rehabilitation
Romania’s Tourism Ministry has decided to transfer the Casino building in Constanta, southeast Romania, to local authorities because it cannot afford to rehabilitate the building, a historic...
INS: Adjusted Construction Works Fall 4.1% On Year In July
Romanian construction works fell 4.1% in July from the year-ago month, due to declining activity in all sectors, the statistics institute INS said Thursday.
Romania Adds RON5.5M To Budget For Strengthening Of Earthquake-Prone Buildings
Romania's Regional Development Ministry has added 5.5 million lei (EUR1.22 million) to the budget of a project to strengthen public buildings to resist earthquakes.
Housing Construction Down 9.7% On Year In First Half - INS
Romanian housing construction fell 9.7% to 16,066 units in the first half from the year-earlier period, on falling activity in both urban and rural areas, the country’s statistics institute...