Real Estate
Intercontinental Bucuresti Switches To Profit After 10 Years Of Losses
Romanian hotel operator Compania Hoteliera Intercontinental Bucuresti (RCHI.RO), which manages the Intercontinental hotel in Bucharest, posted profit of almost 1.2 million lei (EUR274,000) l...
H&M Will Open A Store in Suceava In May
Swedish retailer H&M will open a store in Iulius Mall Suceava, northeastern Romania, in the second half of May, the representatives of the shopping center said Friday.
Unirea Rent Down 28% Against 2008 Despite Big Fashion Retailers Joining Ground Floor
At the entrance to Unirea shopping center next to McDonald’s, one of the most popular meeting places for young people in Bucharest, customers continue to flock 5-10 minutes before 10 AM, wai...
Dan Ioan Popp Replaced As Impact Chairman
Dan Ioan Popp, the founder the real estate developer Impact Developer&Contractor (IMP.RO), was replaced from his position as chairman of the board of directors during the general meeting of...
Ilie Carabulea Sentenced To 1 And A Half Years In Prison
Romanian businessman Ilie Carabulea was sentenced Thursday to one and a half years in prison for bribing a prosecutor. The prosecutor, Florin Apostu, was sentenced to five years in prison.
Carrefour To Open Mall In Ploiesti After EUR65M Investment
Carrefour Property, the real estate arm of French giant Carrefour, is investing EUR65 million in a mall in Ploiesti (southern Romania) together with an investment fund, thus ignoring specula...
French Group AEW Europe Posted EUR9M Rental Revenue From Romania In 2011
French group AEW Europe will not buy new properties in Romania this year as there is a lack of funding on the market, and will focus on consolidating the two real estates it owns locally, wh...
Colliers: Retail Spaces Under Construction In Romania Total 300,000 Sqm
Retail spaces under construction in Romania stretch onto around 300,000 square meters, of which 170,000 sqm are to be delivered until the end of the year, real estate advisors Colliers said...
Clunkers, Green House Program May Be Cut Short In 2012 Over Lack Of Funds
Romania's clunkers program and Green House scheme, which is designed to encourage the use of alternative energy systems, may be cut short in 2012 because the Environment Fund has a smaller b...