Real Estate
Fund With EUR14M Capitalization Becomes Largest Shopping Center Owner
London-traded Argo Real Estate Opportunities Fund (AREOF) has a capitalization of just EUR15 million, but is about to become the largest owner of shopping centers in Romania, after acquiring...
Dafora's Net Profit Falls To RON2.9M In First Half
Romanian oil drilling and construction company Dafora Medias (DAFR.RO) Wednesday reported a net profit of 2.9 million lei (EUR0.68 million) for the first year-half, down almost 60% from RON7...
Bucharest To Have New Multi-Purpose Sports Center By 2013 For RON260M
Romania’s Ministry of Regional Development and Tourism will build a multipurpose sports center in capital Bucharest by 2013, which will seat 16,000 people and cost 260 million lei (about EUR...
Romania Raises Fines For Failure To Repair Buildings With High Seismic Risk - Draft
The Romanian Development Ministry significantly increases fines charged to homeowners and local authorities who fail to carry out technical inspections and start rehabilitation works on buil...
BCR Banca pentru Locuinte 1H Profit Triples To RON3M
BCR Banca pentru Locuinte, the housing finance unit of Romania’s largest bank BCR, reported a profit of 3 million lei (EUR0.7 million) in the first half, over threefold higher on the year, t...
Optimism Returns To Construction Market
Construction company Danya Cebus Rom, part of Israeli group Africa Israel Investments, posted around EUR12 million in turnover in the first six months of the year, slightly more than in the...
Gloria Jean’s Head: We Cannot Halt Expansion Despite Challenging Economic Situation
Gloria Jean’s coffee shop network, the first international coffee shop network that entered the Romanian market more than five years ago, is set to add three units this year, to reach 10 cof...
ECDC: Asmita Gardens Sold No Units In Second Quarter
Developers of 800-apartment compound Asmita Gardens in Bucharest sold no units during the second quarter, as construction site operations are still suspended, according to a report of Europe...
Lafarge Agregate Betoane 1H Loss Narrows To RON11.9M
Romanian construction materials producer Lafarge Agregate Betoane (AGEM.RO), a unit of French group Lafarge, Friday posted a first-half loss of 11.9 million lei (EUR2.8 million), compared to...