Real Estate
Government Anti-Evasion Plan: Check Large Wealth And 2006-2008 Real Estate Transactions
Romania's Government will begin a "program to investigate people with large income/ wealth" next year and will check individuals involved in real estate transactions in 2006-2008, in an effo...
Romcarbon Swings To 3M Net Profit In January-September
Romanian plastic profiles producer Romcarbon Buzau (ROCE.RO) Friday said it has swung to a net profit of 3 million lei (EUR0.69 million) in the first nine months, versus losses a year earlie...
Romania Wants To Get EUR164M Selling Government Buildings Next Year
Romania's Government wants to get 706 million lei (EUR164 million) next year from the sale of state-owned buildings managed by RA-APPS, compared with the RON1.8 million it estimates it will...
Swan Office Owners Hope To Have It Rented 70% Within The Year
The owners of Swan offices in Pipera (northern Bucharest) invested EUR50 million in the project despite the ongoing crisis, which is only 15% occupied almost one year after completion.
Kaufland, Auchan, Carrefour And Cora Continue To Expand On Former Industrial Sites In Bucharest
Kaufland is getting ready to finish the acquisition of a plot of land from the Romprim plant in Berceni (southern Bucharest), Auchan is buying another plot from Grantmetal in Crangasi (west...
GTC's Galleria Malls Lose 13% In Value Over Third Quarter
The value of Galleria malls held in Romanian cities Suceava, Buzau and Piatra Neamt by developer GTC has declined by nearly 13% over the third quarter, because of reduced occupancy and decli...
Romanian Developers Put Hotels On Sale For Unrealistic Prices - Assoc
Tens of hotels built in Romania over the past 10-12 years, mainly by people who don’t usually invest in tourism, and which are not efficient, are now put on sale for very high sums, says Rad...
Romanian BCR Banca Pentru Locuinte Posts RON6M Net Profit In 9 Months
Romanian housing bank BCR Banca Pentru Locuinte on Thursday reported a net profit of 6 million lei (EUR1.38 million) for the first nine months of the year, and a 50% increase in the number o...
The Story Of The Biggest Insolvency In Real Estate
In 2007, developers of the Asmita Gardens in Bucharest sold one apartment per day, although the seven towers were not finalized yet. However, in the last seven months, with the blocks finali...