Real Estate
Romanian Developer Builds Industrial Park Near Ford's Craiova Plant
Developer Independenta SA will construct an industrial park in Craiova, southern Romania, and the investment, worth over EUR17 million, will create some 350 new jobs.
Home Demand, Prices In Bucharest Halved Since 2007 - Survey
Bucharest home demand has halved since the end of 2007, the beginning of the economic crisis, although prices have dropped by 50% in the meantime, according to real estate brokers.
Crowne Plaza Bucharest Hotel Trades One Star For Medical Conventions
The five-star Crowne Plaza Hotel in Bucharest, owned by businessman George Copos, applied for a downgrade to four stars, which will allow it to host events organized by pharmaceutical compan...
Housing Agency To Build Homes For Rent With Private Capital
Private investors may finance the construction by Romania's National Housing Agency (ANL) of homes for rent, after the Government approved a program for housing using private capital.
C&W: Realty Transactions In Romania Rise To EUR99M In 1Q
The value of real estate transactions concluded in the first quarter of the year in Romania amounted to EUR99 million, but the overall real estate activity remains modest as the number of re...
Overview Of Works On Four EUR400M Shopping Centers In Bucharest
Shopping center developers continue investments in Bucharest, with intensive work recorded on three of the city’s construction sites, where cumulated investments are worth around EUR150 mill...
Tallest Office Building In Bucharest Progresses At A Rate Of One Floor Every Six Days
The structure of Romania’s tallest building, the Sky Tower on Bucharest’s Calea Floreasca (center to north of the city) should be completed by July, as work on the office building is current...
DIY Chain Dedeman Plans Expansion Abroad
The Paval brothers, two businessmen from Bacau (eastern Romania) who own the do-it-yourself retail chain Dedeman, the leader of the local market, want to try their luck on other markets in t...
Romania Would Need EUR16B To Compensate Owners Of Nationalized Properties In Cash
Romania would need to spend 70 billion lei (EUR16 billion) on financial compensation for the owners of properties nationalized by the former communist regime; more than half this amount woul...