Real Estate
AFI Palace Cotroceni 1H Rental Revenue Dips 4% To EUR11.5M
Bucharest shopping center AFI Palace Cotroceni generated rental revenue of EUR11.5 million in the first six months of the year, down some 4% from EUR12 million in the same interval of 2010,...
Visoiu Set To Open Four-Star Ramada Hotel In Pitesti In September
Businessman Valentin Visoiu, who has developed over 1,000 housing units in Bucharest through Conarg Construct, will open the four-star Ramada hotel in Pitesti, a EUR20-million investment car...
Romanian Construction Firm Pa&Co International Ups Capital By RON33M
Romanian construction company Pa&Co International SRL, owned by businessman Costel Casuneanu, has increased its share capital by 33 million lei (EUR7.74 million), to RON65 million, according...
Galleria Malls Lose 8% Of Value In First Half - GTC Report
The Galleria malls owned by property developer GTC in Romanian cities Suceava, Buzau and Piatra Neamt, were evaluated at EUR54 million at the end of June this year, down 8% since the beginni...
Immofinanz Keeps Plans Ahead Of “Pending” Residential Market Upturn
Austrian realty developer Immofinanz reaffirmed in its annual reports the intention to build housing on the Ventilatorul and Rocar platforms it owns in Bucharest, adding that although a time...
Romanians Expected To Spend EUR350M This Year On Window Replacements
Romanians are expected to spend over EUR350 million this year to replace windows, according to estimations by local glass market leader Saint-Gobain Glass Romania.
First Home IV Program Issued 4,170 Loan Guarantees, For EUR160M
Romanian Prime Minister Emil Boc said Friday that 4,173 loan guarantees, worth a total EUR160 million, have been granted so far through the "First Home 4" program, including EUR80 million fr...
Max Mara Replaces Stefanel On Calea Victoriei
Srdjan Kovacevic, the Serb who brought luxury brands such as Emporio Armani and Ermenegildo Zegna to Bucharest’s luxury shopping street Calea Victoriei, is set to relocate fashion retailer M...
Banks' Adjustment To Crisis: 450 Units Closed And 5,000 People Left Since 2008
The banking system continues to slowly adapt its territorial network to the weak loan demand, particularly on the retail segment, so that 32 units were shut down in the second quarter, with...