Real Estate
Transport Ministry’s Spending Plans For 2012
The Transport Ministry will complete several road infrastructure projects in 2012 worth EUR1.4 billion, enough to build 233 kilometers of highways, at a cost of EUR6 million per kilometer.
Copos Rents Out Seaside Hotel Astoria For Three Years
Businessman George Copos, owner of seven hotels on the Romanian market, has rented out three-star hotel Astoria in Eforie Nord seaside resort for three years to Marina Travel company, which...
State Arrears To Constructors Halved, But Still A Major Problem
State arrears to companies in the Romanian construction sector decreased over the past years, but continue to be a major problem, considering that the financial crisis had a strong impact on...
Romania Should Build 100,000 New Homes/Year To Reach EU Average
Romania builds annually about two new homes per one thousand inhabitants, less than half the European average, and should finish 100,000 housing units each year to catch up, according to PRO...
S-Park Developers To Build An Office Building In Bucharest
Businessmen Emil and Daniel Tanasoiu, known on the real estate market especially for developing and selling business park S-Park in northern Bucharest, will develop a new office building in...
Immofinanz Has 42 Residential Projects In Romania
Austrian Immofinanz has 42 residential projects in Romania, with a total surface of 1.4 million square meters upon completion, with most of the property located in Bucharest or its surroundi...
Romania Mulls Setting Up Real Estate Firm To Manage Assets Of Transport Companies
Romania’s Government is considering setting up a special real estate company to manage all properties of state-owned transport companies, hoping to improve their revenue generation and insta...
Romania Saw 11% Rise In Realty Deal Numbers In First 10 Months
The number of real estate transactions unfolded in Romania between January and October rose 11% on the year, to 526,558, the land registry authority ANCPI said Tuesday.
A Quarter Of Homes Have Boilers, Suppliers Await Heating Subsidy Cuts To Get New Clients
On the Romanian market, there are just 2 million boilers and 8.4 million homes, writes Business Construct in its December issue.