Real Estate
Interprime Properties To Choose Architect For Timpuri Noi Platform By Yearend
Interprime Properties, part of furniture retailer IKEA, on Thursday said that by the end of the year it will have an architect for the real estate project it is planning on the former Timpur...
Building Astrom To Ink EUR10M Deal In Algeria
Arges-based construction company Building Astrom, held by Marian Dragoi, Nicolae Dragoi and Alexandru Radu, is preparing to seal an over EUR10 million contract in Algeria, to build industria...
Terapia Ranbaxy, ZTE Interested In Taking Over Nokia's Romanian Facility
Romanian pharmaceutical company Terapia Ranbaxy and ZTE, one of the largest Chinese producers of telecom equipment, are interested in taking over Nokia's production halls at Jucu, once the p...
Carrefour Opens Hypermarket In Untapped Area Of Bucharest
French group Carrefour, with EUR1.1 billion sales on the local market, Tuesday opened an 8,400-square meter hypermarket in the Colosseum retail project in Bucharest's Chitila district.
Former Debenhams Boss Recruited By Trigranit Development
Bogdan Macarie, the executive who ran for one and a half years apparel retailer Debro Retail, the operator of the Debenhams stores, is now the new development director of Trigranit Developme...
Moldova Universal Reports EUR15M Investment In 80% Complete Mall
Romanian developer Moldova Universal, owned by businessman Danut Prisecariu, has invested EUR15 million so far in the construction of a mall in northeastern Romania, and the unit is set for...
Mohammad Murad To Invest EUR20M In Romanian Seaside Hotels By 2014
Lebanese-born businessman Mohammad Murad intends to invest some EUR20 million over the next two years in four hotels on the Romanian Black Sea coast, and sell other five hotels he owns in se...
Half Of Hotels On Romanian Coast For Sale
Half of the hotels on Romania's Black Sea coast are for sale and a quarter of them have difficulty repaying their bank loans, Mohammad Murad, president of tourism industry organization FPTR,...
Investments Pay Off As AdePlast Sees 8% Higher Nine-Month Sales
Construction supplies manufacturer AdePlast based in Oradea (western Romania), held by businessman Marcel Barbut, posted 110 million lei (EUR25.4 million) sales after the first nine months,...