Real Estate
Alpha Bank Requests Asmita Gardens’ Insolvency
The Asmita Gardens project in Bucharest, the most expensive residential complex built by a private investor on the local market, might go insolvent as requested by Greek lender Alpha Bank, w...
Suceava County To Invest EUR29M In Sewage, Water Purification
Authorities in northeastern Romanian county Suceava will invest some EUR29 million in sewage networks and water purification stations, using money from the Environment Fund and the National...
Bucharest Ranks 27 Among 36 European Business Destinations
Bucharest ranked 27 in a Cushman&Wakefield survey on the cost and availability of office space 36 European locations, up from last year's ranking, following improvements in the city infrastr...
Dascalu Sees 6% Higher Revenue From Iulius Malls In Nine Months, At EUR32M
Businessman Iulian Dascalu, the biggest Romanian owner of shopping centers, registered revenue of EUR32.1 million in the first nine months from the Iulius Mall projects in Timisoara, Cluj, S...
Impact To Slash Share Capital By RON2.1M
The shareholders of realty developer Impact (IMP.RO) agreed to cut the company’s share capital by 2.1 million lei (EUR485,000), to RON197.8 million, by cancelling shares bought back in previ...
Samsung Interested In Developing Romania's General Cadastre
Romania's Regional Development and Tourism Minister, Elena Udrea, met Tuesday in Korea with Samsung officials, whom she invited to take part in the auction for the development of Romania's G...
GTC Secures EUR100M Loan From Erste To Refinance City Gate Project In Bucharest
Property developer Globe Trade Center, or GTC, has obtained a EUR100 million loan from Erste Group Bank (EBS.RO), to refinance the investment in Bucharest office complex City Gate, company o...
A 7-Magnitude Quake In Romania Would Cause Property Damages Of EUR4.8B - Survey
An earthquake similar in intensity to that which shook Romania back in March 1977 might cause real estate damages of EUR4.8 billion, considering that the total value of homes in Romania is e...
When Could Romania Host A European Championship?
Romania's sport infrastructure is starting to catch up to that of other states, at least as far as building stadiums goes. Still, when it comes to hosting a European championship, it is easy...