Real Estate
ZF Real Estate Index Down Again
The average asking price for old three-room apartments in Bucharest reached EUR76,350, more than EUR1,700 less than at the end of last year, according to the real estate index calculated by...
AdePlast Buys Two Polystyrene Production Units From Zentyss
Romanian building materials producer AdePlast has acquired two expanded polystyrene sheet production facilities from company Zentyss.
Subway Opens Fifth Restaurant In Romania
U.S. fast food chain Subway will open its fifth restaurant in Romania on Saturday, in shopping center Iulius Mall in Timisoara.
BCR BpL 1H Net Profit Triples To RON10.8M
Romanian mortgage lender BCR Banca pentru Locuinte (BCR BpL) Wednesday said its net profit more than tripled in the first half of 2012, to 10.8 million lei (EUR2.42 million), fueled by a 87%...
Liviu Tudor Invests EUR58M In Bucharest’s Largest Private Campus
Businessman Liviu Tudor, the biggest office space owner in Romania, has completed a EUR58 million investment in the largest privately-owned campus in capital city Bucharest, which consists o...
INS: Housing Permits Down 1.8% On Month In July
Romanian housing permits fell 1.8% to 3,856 units in July, from 3,927 units a month earlier, the country’s statistics institute INS said Tuesday.
Cocor Sells Retail Space In Bucharest At Record Price Of EUR20,000/Sqm
Shopping center operator Cocor Bucuresti (COCR.RO) sold in August a 196-square meter retail space in Bucharest for about EUR3.98 million, or EUR20,348/sqm, a record price on the Romanian ret...
Real Estate Manager Surprisingly Dominates Ranking Of Best Salaries In Romania
The highest-paid executive in Romania last year was, surprisingly, a manager in the real estate sector, who is likely to have concluded several major transactions and earned EUR1.27 million,...
Another Bad Year For Real Estate Investors
It looks like 2012 will be another bad year for investments in shopping malls, office buildings and residential compounds, considering that only four major projects requiring investments of...