Real Estate
Impact Developer&Contractor Assets Seized In Adjacent Case
The tax fraud investigation of a Romanian firm spilled onto realty developer Impact Developer&Contractor (IMP.RO), causing the latter to have assets worth 16.8 million lei (EUR3.8 million) s...
Employees At ArcelorMittal Tubular Products Galati Go On Full-Blown Strike Over Wages
The 170 workers of Romanian steel pipes maker ArcelorMittal Tubular Products Galati on Thursday went on full-blown strike indefinitely, asking for a pay raise.
Opening Of Mall In Palas Iasi Delayed Until May 31
The mall in the Palas Iasi (NE Romania) project, part of an about EUR260 million investment, the largest outside Bucharest, will open on May 31, one month later than previously announced, Iu...
Palatul Universul Owner Goes Insolvent
The Bucharest Court approved an insolvency claim filed by Cyprus-registered BJJ Universul Development, owner of landmark building Palatul Universul in Bucharest, since it is unable to pay de...
GED Buys Duke Hotel In Central Bucharest And Refrigeration Storage Facility
Spanish private equity firm GED, one of the most active investors in the tourism industry in the past few years, bought Duke hotel in Piata Romana square in central Bucharest, as well as an...
Orban: EC Willing To Redirect Funds To Building Thermal Rehab, Beneficiaries Must Chip In
The European Commission is willing to direct funds from programs that failed to absorb the sums allotted to building thermal rehabilitation projects, Romanian European Affairs Minister Leona...
Romania To Resume Government-Owned Property Auctions
The Romanian authority that administers government real estate properties, or RA-APPS, will resume procedures to auction off the assets that have not been sold in a first stage, Attila Dezsi...
Immofinanz Revenue In Romania Falls To EUR34.1M In Apr 30-Jan 31
Real estate investment company Immofinanz Austria reported revenue worth EUR34.1 million in Romania between April 30, 2011 and January 31, 2012, compared to EUR34.6 million in the same timef...
What Properties EUR1B Can Buy In Bucharest
The billions of euros have vanished from the real estate market, even though such an acquisition budget could buy much better and cheaper property than in 2007 or 2008, when this money exist...