Real Estate
Intercontinental Appoints Alexander Adamescu As Board President
Shareholders of Romanian hotel company Intercontinental (RCHI.RO) appointed Alexander Adamescu as president, while other three persons supported by The Nova Group Investments were elected me...
Teraplast Names Stefan Bucataru As General Manager
Plastic systems maker Teraplast (TRP.RO) has appointed Stefan Bucataru as general manager starting May 2, replacing Florin Radu Urite, who resigned citing personal reasons.
Pre-WW2 Building On Sale In Bucharest For EUR2.7M
Israeli investors put on sale a building near Bucharest’s Gara de Nord train station for EUR2.7 million, property broker M.T. Investment said Wednesday.
Bucharest City Mall To Be Put On Sale For EUR26.2M
Bankrupt shopping center City Mall, in Bucharest, will be put on sale for the third time on May 16, at EUR26.2 million, after two previous failed attempts, Wednesday said Radu Lotrean, partn...
Transilvania Constructii Plans RON13M Invest In 2011
Romanian construction company Transilvania Constructii Cluj-Napoca (COTR.RO) plans to invest 12.75 million lei (EUR3.1 million) this year, from its own resources and EU funds, according to a...
Transilvania Constructii Expects RON4.2M Net Profit In 2011
Romanian construction company Transilvania Constructii Cluj-Napoca (COTR.RO) expects a net profit of 4.2 million lei this year (EUR1.05 million), from RON350,000 in 2010, fueled by a 32.5% i...
S.African NEPI To Float In Bucharest Early May
South-African investment fund New Europe Property Investment (NEPI), owner of several real estate projects in Romania, could float its shares in Bucharest early May, the market operator said...
Development Ministry Wants Extra RON30M For Infrastructure
The Romanian Regional Development and Tourism Ministry will be allotted extra 30 million lei (EUR1=RON4.0858) needed for consultancy services for the National Infrastructure Development Prog...
Large Stake In Bucharest Hotel Intercontinental Sold For RON51.14M
A 49.12% stake in Bucharest hotel Intercontinental (RCHI.RO) was sold Wednesday on the Rasdaq market of the Bucharest bourse, for a total 51.14 million lei (EUR1=RON4.091).