Real Estate
Adjusted Construction Works Rise 11.5% On Month In April
Romanian construction works rose 11.5% on the month in April, fueled by increased activity in all sectors, the statistics institute INS said Friday.
Ovidiu Tender To Develop Office Building In Bucharest
Ovidiu Tender's Prospectiuni Bucuresti (PRSN.RO), provider of geological surveys for the gas industry, will construct a 25,000-square meter office building in Bucharest, people familiar with...
Bucharest’s Asmita Gardens To Be Officially Inaugurated Thursday
Residential compound Asmita Gardens in Bucharest is entirely operational and will be officially inaugurated Thursday, more than two years after construction works were finished.
INS: Housing Construction Down 10% In First Quarter
Romanian housing construction fell 10% to 6,862 units in the first quarter from the year-earlier period, on falling activity in both urban and rural areas, the country’s statistics institute...
DTZ: Bucharest Luxury Residential Market Dominated By Leases; Monthly Budget Stands At EUR3,000-20,000
Bucharest's luxury residential market was dominated this year by leases, with the monthly budgets for such properties ranging from EUR3000 to EUR20,000, according to a study by DTZ Echinox.
Hornbach Chooses Profit Over Fast-Paced Development
Hornbach, whose four do-it-yourself stores in Romania bring EUR75 million to EUR80 million in sales each year, will open one more unit in Timisoara this year, following a EUR30 million inves...
INS: Tourist Arrivals Up 19% On Year In April
Tourist arrivals in Romania rose 18.9% in April from the year-earlier month, while overnight accommodations were up 11% on the year, the statistics institute INS said Friday.
Government Won't Allot Any Money For Building Consolidation This Year
Romania's Government will not allot any money from the state budget for building consolidation this year, although experts have repeatedly warned that there is a risk of a strong earthquake...
Iulius Group Inaugurates Commercial Center Palas Iasi Thursday
Romanian realty developer Iulius Group, owned by businessman Iulian Dascalu, will open Thursday multifunctional commercial compound Palas Iasi, following an investment of EUR265 million fina...