Real Estate
Homes Cost 2.4 Salaries In Romania, 0.9 Salaries In Hungary
Apartments in Romania are still less affordable than in other countries in the region, reveals a regional survey by UniCredit. The only place where it is harder to buy a home is Russia.
Soceram Breaks Ground On EUR20M Plant In Roman
Construction materials maker Soceram started construction of an autoclaved aerated concrete plant in northeastern town Roman, in a project worth EUR20 million and set for completion in summe...
Policolor-Orgachim To Sell 13.8 Ha Plot In Bucharest - Colliers
The Policolor-Orgachim group plans to sell a 13.8-hectare plot in Bucharest, according to Colliers International which will broker the deal.
Sonae Sierra To Break Ground On EUR111M Mall
Portuguese Sonae Sierra will start this month construction on the Adora Mall Craiova shopping center, which will entail an investment of EUR111 million.
Adjusted Construction Works -1.5% On Year In April
The adjusted construction output fell 3.7% on the year in April, on decreases in all sectors, the country's statistics institute said Tuesday.
Bucharest’s Old Town, A Mosaic Of Restaurants And Ruins, Is Worth Over EUR1B
The 57 hectares of land that accommodate Bucharest’s old town can be valued at around EUR1 billion, based on the average price of EUR1,500 to 2,000 per square meter in the area, but the numb...
Ambient: Insolvency Was An Option, But We Didn't Take It
Ambient Sibiu, one of the biggest Romanian businesses in retail and distribution of construction materials, even considered insolvency following the collapse of sales and the losses it poste...
Housing Savings And Loan System Still Almost Entirely Focused On Deposits
Six years after its introduction, the housing savings and loan system remains a concept almost entirely focused on attracting deposits, while the funding that goes back into the economy rema...
GTC Joins Ana Group To Build 24-Floor Office Building In Bucharest
Property developer Globe Trade Center, or GTC, on Friday announced plans to develop a 30,000-sqm office tower in Bucharest, in partnership with Ana Group, a company owned by Romanian busines...