Real Estate
AdePlast 2011 Sales Rise 12.5% To RON143M
Romanian building materials producer AdePlast Wednesday said its 2011 sales rose 12.5% on the year to 143 million lei (roughly RON33 million), in line with expectations.
Urdareanu Sells UTI HQ In Downtown Bucharest To Greek Millionaire
Businessman Tiberiu Urdareanu, who controls the UTI group, a business worth almost EUR160 million in 2010, is negotiating the sale of the UTI Headquarters building in downtown Bucharest to a...
Banks Granted EUR1B Mortgage Loans Last Year
Loans granted by Romanian banks for home acquisitions rose by EUR1 billion last year, reaching the equivalent of EUR7.75 billion, according to data from central bank BNR.
Most Active Real Estate Investor Bet EUR250M On Romania During Crisis
The most active real estate investor in the last three years, South-African investment fund NEPI (New Europe Property Investments), bet EUR250 million on Romania at a time when many foreign...
Wienerberger Appoints New Head Of Romanian Operations
Austrian Wienerberger AG, the world’s largest brick maker, has appointed Corneliu Fecioru as the new head of its Romanian business, the company said in a statement Friday.
Romania Housing Permits Down 6.6% In 2011, To 39,424
Romania issued 39,424 building permits for residential projects in 2011, down 6.6% from the previous year, the statistics institute INS said Friday.
Biggest Bankruptcies: Crisis Brought Three Malls And Several Retail Businesses To Their Knees
Bankruptcy has not affected many major businesses in the past three years, only around 20, shows a ZF review of the biggest bankruptcies in the past three years.
Private Operators May Take Part In Creating Romania's General Cadastre
Private companies will be able to take part in developing Romania's general cadastre, through public-private partnership, on the basis of a memorandum drafted by the Ministry of Regional Dev...
DTZ Echinox Expects 10% Higher Turnover In 2011
Romanian real estate consultancy firm DTZ Echinox estimates its turnover rose 10% on the year to around EUR3 million in 2011, largely supported by retail transactions, managing director Oana...