Real Estate
Udrea Wants To Sell State-Owned Hotels
Romanian Regional Development and Tourism Minister Elena Udrea said Tuesday, in a meeting with tour operators, that she wants to privatize the hotels managed by the State Protocol Patrimony...
Mall Developers Beat Crisis, Open EUR500M Projects
This fall will be the best of the last three years for the shopping centers' market: seven new malls with a lettable area of 300,000 square meters are due to open.
Businesses Owned By Nelu Iordache Expect EUR500M Turnover In 2011
The group of companies owned by businessman Nelu Iordache, which includes lowcost airline Blue Air and construction firm Romstrade, expects sales to reach some EUR500 million this year, comp...
Property Taxes For Companies To Rise To 40% Of Value Unless Owners Reevaluate Buildings
Romanian companies will pay 20% of the inventory value of buildings they own if the buildings have not been reevaluated in the past three years, and the tax rises to 40% buildings have not b...
Romania’s Largest Digital Cinema To Be Launched On Sep 23, After EUR19M Invest
Romanian Baneasa Developments will launch, on September 23, the Grand Cinema Digiplex, the largest completely digitized cinema in the country, following an investment of EUR19 million.
Leroy Merlin's First Romanian Store Will Be The Company’s Largest
The first store of France’s Leroy Merlin on the Romanian market, which will open next week in Chitila (NW of Bucharest), will be the company’s largest worldwide out of 12 markets.
Developers Widen Electroputere Parc To 71,000 Sqm
K&S Development, which develops Electroputere Parc shopping center in Romanian southern city Craiova, have expanded the center by more than 16,000 square meters, to 71,000 sqm, following inc...
City Mall Liquidator Optimistic About Successful Sale By Year-end
Transilvania Insolvency House, the designated liquidator of Bucharest shopping center City Mall, is confident it will find a buyer for the troubled company by year-end, after several investo...
INS: Romania Adjusted Construction Works +3.4% On Month In July
Romanian construction works rose 3.4% in July compared with a month earlier, fueled by a 31.3% increase in residential buildings, the country’s statistics institute INS said Tuesday.