Real Estate
Acquisitions Resumed On Construction Market: Octagon Set To Buy Construction Materials Producer For EUR2m
Construction company Octagon, held by Greek businessmen Alexandros Ignatiadis and Paschalis Paganias, is in the process of acquiring a local construction materials producer, through an inves...
Assets of Bakery Firm Spicul Auctioned Off For RON40M
A court-appointed executor will sell assets of Romanian bread maker Spicul, including a plant and a warehouse, at a starting price of 39.7 million lei (EUR9.5 million) next week, according t...
UniCredit Asks For Avrig 35's Insolvency
UniCredit Tiriac Bank has filed a petition requesting the insolvency of Avrig 35 and Avrig Asset Management, after having lent them more than EUR70 million over time for real estate projects...
H&M To Open Store In Constanta; Rents 1,800 Sqm In Maritimo Shopping Center
Swedish clothing retailer H&M will launch this fall a store in southeastern Romanian city Constanta, in the Maritimo Shopping Center developed by Austrian investment company Immofinanz.
Guzu Invests EUR2.5M In Fruit Warehouse, Tourism In Vrancea
Romanian businessman Daniel Guzu started construction of a fruit storage facility and a tourist pension unit in central Romanian county Vrancea, with an overall investment of EUR2.5 million,...
Daniel Guzu: Selling Duraziv Right Now Would Not Be Too Profitable
Romanian businessman Daniel Guzu said that if he were to sell construction materials maker Duraziv to the investors that approach him, the transaction would be less profitable than the sale...
Court Orders Bucharest Mayoralty To Pay Record Damage Claims To Costica Constanda
Romanian businessman Costica Constanda on Wednesday won a civil trial started against the Bucharest city hall regarding a land swap contract, and the mayoralty will have to pay the businessm...
Adjusted Construction Works +2.9% On Month In May - INS
Romanian construction works rose 2.9% in May compared with a month earlier, fueled by a 2.1% increase in new constructions, the statistics institute INS said Wednesday.
President Basescu Passes Law On Building Rehabilitation
Romanian President Traian Basescu on Monday passed the law on the rehabilitation of buildings, put forward by the Ministry of Regional Development and Tourism.