Real Estate
Baneasa Developments CEO: The Big Problem Is Romania Doesn’t Have Its Own Banks
Georgios Argentopoulos, whom Gabriel Popoviciu and his business partners put in charge of the commercial area of the Baneasa project at the beginning of this year, intends to implement a cor...
JLL: Housing Prices In Bucharest To See More Noticeable Correction In 2012
The prices of new dwellings in Bucharest dropped 4% in the first quarter of the year, after a slight increase registered in 2011, real estate consultancy firm Jones Lang LaSalle said in a re...
GTC Group's Revenues From Romania, Bulgaria Up 41% In 1Q 2012
The revenues of development group Globe Trade Centers (GTC) in Romania and Bulgaria grew by 41% in the first quarter of 2012, compared with the same period of 2011, to EUR5.5 million, with t...
Over 25% Of Bucharest Office Premises Announced For 2012 Might Register Delivery Delays
More than a quarter of office spaces in Bucharest due to be finished this year might register delivery delays because of pending legal issues or lack of leasing activity, realty services fir...
JLL: NEPI To Pay EUR81M For City Business Centre In Timisoara
South-African real estate investment fund New Europe Property Investments (NEP.RO) will pay a total of EUR81 million for office park City Business Centre in Romanian western city of Timisoar...
Ponta: Government Stopped Financing Infrastructure Development Program
The Romanian Government decided to terminate the National Infrastructure Development Program (PNDI) and stop financing works carried out through the program, Prime Minister Victor Ponta told...
Militari Shopping Center's Rental Income Rises In 1Q
Property firm Atrium European Real Estate on Friday reported that net rental income from the Militari Shopping Center in Bucharest climbed 3.8% in the first quarter, to EUR1.7 million, from...
First Quarter Review: Consumption, Drugs And Mall Sales Up, Energy And Beer Sales Down
The start of the year came with different signals from the main sectors of Romania's economy, so a clear trend cannot be outlined for the first quarter of the year, according to data release...
Intercontinental Hotel Swings To Loss In 1Q 2012
Romanian hotel operator Compania Hoteliera Intercontinental Bucuresti (RCHI.RO), which manages the Intercontinental hotel in Bucharest, swung back to losses of 2.19 million lei (EUR495,000)...