The Romanian authority has started procedures to sell 130 realties, including apartments in central Bucharest, shopping centres, land, hotels and villas.
The list of properties to be sold in a first […]
The Romanian authority has started procedures to sell 130 realties, including apartments in central Bucharest, shopping centres, land, hotels and villas.
Encouraging figure for the Romanian economy: the fiscal deficit has declined. In late October 2011, it stood at 2.4% of Romanian GDP, against 2.52% in September
According to figures published by […]
The gross minimum wage will soon be increased by 670 lei (about 150 euros) to 700 lei (about 160 euros), said yesterday the President of the Confederation of Democratic Trade […]
The departure of the giant mobile phone company from Romania was received calmly by the workers and trade unionists. The social impact of this closure, however, could appear in a […]
Analysts anticipate a slight return of economic growth in 2011, after two years of recession, with an expected increase in GDP of about 0.2 to 2%. Ionuţ Dumitru, at Raiffeisen […]
Carrefour Romania, the division of French Carrefour Group plans to open seven new hypermarkets every year, and to number about 40 new units by 2012, the Ziarul financiar reads on […]
The Romanian economy saw an 8.6% rise in the first half of the year, because of a good agricultural year, and if the GDP growth rate and the investment dynamics […]
HSBC’s European Active Real Estate Fund has completed its first property deal in Romania.
The fund has purchased a 50% stake in the Expo Market Doraly trade counter and warehouse park […]
The popularity of Romania as a holiday destination is set to increase in the next few years, an airline has predicted.
Low-cost carrier Wizz Air said the country offered a range […]
A study conducted by Unicredit Group reveals that 11% of Romanians intend to buy a home during the following three years, well above the 6% average in the Central and […]
Foreign tourists, mainly from the European Union, are showing an increasing interest in traveling to Romania, national media reported today.
The increased number of tourists who decide to head to Romania’s seaside […]
In Romania, the credits taken by the population were on the rise in Q1, reaching 18.1% of GDP, 1% more than in Dec. 2007.
Data from Romania’s Central Bank (BNR) say […]
The Swiss Golf & Leisure Development company, a joint venture established by five persons from Switzerland and Romania, is investing in a real estate project with an estimated value of […]
The net average salary in Romania rose by 23 percent in May compared to twelve months earlier, the National Forecast Commission says.
Wages now stand at an average of Lei 1,248 […]
The Romanian Government approved the law stimulating investments, which targets the grant of facilities and state aid in several sectors, among which, processing industry, electricity and natural gas production and […]
George Iacobescu, one of the Romanians with the best position in a company from abroad, CEO of Canary Wharf of London, the second business
centre from the UK after the City […]
Carrefour opens a new unit today, in the “Vitantis” shopping centre in Vitan, with a 4 200-sq m area, the company announces in a news release.
The investment in Carrefour Vitantis […]
A combined-cycle power plant in Brazi, Romania to be built for oil and gas producer Petrom S.A. will be the first application of GE Energy’s highly efficient Frame 9FB gas […]
As you get to know Romanian people better, you will see that they are rather fond of eating and wish to honour their guests with generous and delicious meals. Romanian […]
Economic growth in Romania is outpacing the EU average, according to new statistics.
According to Eurostat, the eastern European country saw its gross domestic product go up by 8.2% during the […]
The Danube River springs from the Black Forest Mountains and crosses the entirety of Europe before ending its 2860 kilometre journey in the Black Sea. The delta formed by the […]
Wizz Air opened its eighth operational base in Cluj, Central Romania which holds an new Airbus A320 plane and local crew members, a press release of the company shows. This […]
Romania had the second largest compulsory private pensions market in Eastern and Central Europe last year, in terms of number of participants (4.16 million people), after Poland with 13.3 million […]
Franco-German concern Eurocopter is still interested in buying Romanian helicopter and light-plane manufacturer IAR Ghimbav, according to the President of the local council.
Aristotel Cancescu, president of Brasov county council, where […]
Prince Charles began a four-day private visit to Romania Tuesday, where he is due to visit several villages in Transylvania, in the centre of the country, official sources said.The Prince […]
C&A, a major apparel retailer, with over 1,000 stores in Europe, plans to open ten stores on the Romanian market by 2010, with the first location to be launched in […]
Romania’s biggest mall opens today in Băneasa, an area in the northern part of the capital, Bucharest, national media reported.
The Băneasa Shopping City will contain 221 stores, of which 70 […]
A property-development firm run by Irishman David Sharkey has formed a joint venture to develop a €591million shopping centre in Romania.
Warsaw-based Caelum Developments, which is headed by Sharkey, has formed […]
The new working program about the construction of the second bridge connecting Bulgaria and Romania over the Danube River envisages its completion in 2010.
The news was announced Friday in the […]
Ford on Friday officially took control of Automobile Craiova, the former Daewoo operation here, for a token payment of $80 million and a promise to invest more than $1 billion. […]
The following addresses refer to buildings in Bucharest identified as ”seismic risk level 1″, meaning that these buildings may not resist a future earthquake in the Bucharest area.
These building are identified with a […]
The top ten land deals registered last year in Bucharest amounted to a total €500 million, according to a study by real estate consulting company Atisreal Romania, part of French […]
Central and eastern European developer Adama Holding has raised E100m (£76m) of new equity in a private placement.
The company’s new investors are Morgan Stanley Real Estate’s Special Situations Fund III […]
Romania has an efficient mortgage system in terms of the ease of procedures, costs, security and adequacy to market requirements, according to a report on “Mortgages in transition economies” released […]
Low fares airline Blue Air which is based at Bucharest Baneasa airport is to launch scheduled flights from Cyprus to Romania next March. Blue Air new service from Larnaka to […]
Real estate transactions soared by 150% in 2007 compared to the previous year, making the country the most booming property market in the Balkans.
Romania’s real estate business was worth more […]
The campaign to put up a tourism brand for Romania saw a 2 million euro budget approved on Wednesday by the Government. Other 9 million euro will be spent on […]
An international airport with an annual capacity of one million passengers will be constructed in two years, at the most, in the central locality of Ghimbav, close to the city […]
The Rothschild banking family officially entered the domestic housing market last week in a deal worth 104 million euros for a 60 percent stake in three housing projects, which are […]
The number of shopping centres outside Bucharest has doubled this year from 9 to 18, and is expected to double again next year, as another 15 or 16 mall-type projects […]
Nanette Real Estate Group NV has bought a 31,000-square meter lot in northern Bucharest. The company plans to build a 900-unit residential complex on the site for €78 million, and […]
The Bran Castle in Romania - better known worldwide as Dracula’s Castle - comes first among the most expensive historical building with residential purposes in Central and Eastern Europe with […]
A poll carried out at the ExCel Property Investment Exhibition in London revealed almost 40% of potential investors have particularly increased their interest in overseas property, as a result of […]
Ford is buying a majority share in a car plant at Craiova, Romania. The plant is expected to become one of its biggest plants in the European Union. The factory […]
Lufthansa’s passengers in the UK will have a choice of three destinations in Romania from 1 September 2007, with the start of a new service to Sibiu. The German flag […]
EasyJet, Europe’s leading low-fares airline, announced the introduction of a new daily route to Bucharest from October 29th which represents the airline’s commitment to growth in Central Eastern Europe.
Located on […]
Romania is known for its strong computing and language skills coupled with cheap labor.
Romanian programmers are among the most sought-after in the world as large international IT companies turn to […]
Romania’s President Traian Basescu approved a parliamentary proposal to raise pensions by 43 percent in 2008.
“The government must now reduce public spending to ensure the pension law does not affect […]
European Commissioner for Regional Policy Danuta Huebner visited Romania to mark the launching of the new programming period 2007-2013, for which execution EU allocated 19,21 million euros.
Commissioner Huebner and Romanian Prime […]
In the cutthroat business of real estate, U.S.-based firm Baytree Capital Associates has been chosen to market Dracula’s Castle.
Archduke Dominic Habsburg, who lives in New York state, and his family […]
Wizz Air, the eastern European low-cost airline, has announced the launch of a new route between the London and Transylvania, in the heart of Romania. The new flights will complement […]
Romanian Properties Ltd released Belvedere residence, a new development in the up-and-coming area of Bucharest Mogosoaia.
Belvedere residence is composed of 14 fully equipped and fully decorated apartments from only 785 Eur […]
Romania has just signed an accord to access the EEA in Brussels: a financial contribution of 100 million euro will be provided by the EEA countries to Romania until April 2009.
Joining the […]
No35 Castle Street in Brasov old town sold out within only a few weeks by Romanian Properties Ltd.
Romanian Properties Ltd was exclusive agent for this exceptional development in a very […]
Donald Trump wants to invest in Romania. The businessman will invest around EUR one bln in Romania, according to Antena 3 tv channel. The American tycoon will sign a protocol […]
Wizz Air has announced the launch of a new service between Liverpool John Lennon Airport and Bucharest.
Flights to the Romanian capital will start on October 1 and operate three times […]
Dutch group Unilever South Central Europe (USCE), known in Romania for the Dove, Rexona and Rama brands posted a domestic business worth 173 million euros in 2006, an increase of […]
Daughter company closes deals for land near Bucharest, to develop housing and commercial projects
DCL Technologies, controlled by the Drori-Liberson group reported that it signed its first deal in Romania since […]
Tagor, Patron to invest almost $248 million over ensuing 4 years in Romanian development projects.
Tagor Capital Ltd. has signed a four-year cooperation deal with the UK-based real estate fund Patron […]
Starbucks Coffee Company has opened its first store in Bucharest, Romania with the help of its Greek joint venture partner, Marinopoulos Holding.
“Bucharest is an ideal location for Starbucks entry into […]
Standard & Poor’s revised its outlook on Romania down to stable from positive on Thursday, citing increasing political uncertainty since the country joined the European Union in January.
“The outlook revision […]
Real estate funds present in Poland are preparing to enter the local market in search of higher yields, which in Romania are about 1.5% higher and are complemented by an […]
LONDON (Thomson Financial) - Fabian Romania Property Fund Ltd said it has agreed to buy a class A office building in North Bucharest for about 60 mln eur.
The real estate […]
The domestic branch of Michelin group, the world’s biggest tyre producer, estimates its turnover will amount to about 325 million euros this year, 25% higher than the 260 million euros […]
The world’s top mobile phone maker Nokia (NOK1V.HE: Quote, Profile, Research) plans to build a 200 million euros ($267 million) plant in Romania, a local government official said on Friday.
Unilever will relocate production under the Kaliakra brand from Bulgaria to Romania as part of the company’s plan to concentrate production in strategic locations, capable to sustain the long-term growth […]
Romania’s Central Bank, or BNR, decided to allow natural persons to access credits without asking them down payments that used to worth 25% of the sum for the real estate […]
Foreign direct investment in Romania reached a record euro9.1 billion (about US$12 billion) last year, up 75 percent compared to 2005, according to figures published by the central bank.
Part of […]
Eurohypo, the first bank that arrived on the Romanian market to exclusively focus on the release of solid financing for the real estate sector, plans to grant loans worth 200m […]
This medieval Saxon city has become one of Europe’s official culture capitals, drawing attention to centuries-old buildings that were once ordered demolished during Romania’s communist period.
Sibiu, in the region of […]
Low-cost air companies in Romania doubled their passenger number in 2006, the national Rompres news agency reported on Monday.
MyAir Romania representative Antonio Iervolino thinks that low- cost flights are likely […]
Spanish company IUE Leader Imobiliare purchased a 4.3-hectare plot of land on Lujerului Street in Bucharest, previously owned by Electrotechnica, for which it paid 30.6 million euros.
The Spanish will use […]
The European Union gained two more member states on 01 January 2007 with the accession of Romania and Bulgaria, making a historic New Year for the two nations.
Huge celebrations were […]
Less than one week after joining the European Union, Romania announced plans Wednesday to join the euro by 2014. Analysts believe that Romania’s ambitions to sign up to the eurozone […]
Romania’s Brasov county council is seeking a ten-year loan from an Austrian bank to buy back a medieval Transylvanian fortress, known as “Dracula’s Castle”, from the descendants of the country’s […]
The price for luxury apartments in Bucharest is still one of the lowest in Europe.
The average price is 2,400 euros per square meter in Bucharest, compared to the absolute “champion […]
The government plans to open 200 km of motorway per year during 2008-2018 to upgrade Romania’s transportation system, Romania’s Minister of Transports, Construction and Tourism Radu Berceanu said.
Currently, funding for […]
The property market in some areas of Romania has been growing at a bullish rate of 25% to 30% p.a. for the last 3 years, fuelled by speculators waiting for […]
American-Israeli group ENG International will invest 200 million euros in the development of 12 real estate projects located in Iasi and Cluj throughout the next five years, according to the […]
As many companies have announced several large Romanian real estate projects, representatives of the companies in this sector say housing prices will continue to increase.
From December 2005 until now the […]
Romania’s leu surpassed all European currencies to become the world’s best performer this year and is poised for more gains because foreign investment may double as the former communist dictatorship […]
In 2007, there will be two cultural capitals: Luxembourg and Sibiu in Romania. Sibiu’s old town is currently being renovated to bring it back to its former glory.
Sibiu, which is […]
Romania’s leu surpassed all European currencies and became the world’s best performer this year, according to Bloomberg market analysts.
Prospects continue to be high because foreign investment may double after Romania […]
North Real Estate Opportunities Fund said it has bought the 50,000 square metre European Retail Park Sibiu, a shopping centre in Sibiu, Romania, for about 83 mln eur.
The Guernsey-based investment […]
Romania and Bulgarie would register the highest growth in newly build retail property by the end of 2007. The retail property growth would reach 150 per cent by 2007, the […]
Romania and Bulgaria will have before the end of 2007 a 150% growth in the amount of commercial space, largest figure in Europe, according to s report published by the […]
The Romanian government has set infrastructure, education and healthcare as priorities of the 2007 budget, the daily said.
The government has scheduled to spend some 6.6 percent of GDP, or 7.1 […]
International ratings agency Moody’s on Friday announced having upgraded Romania’s country risk rating to investment grade from speculative, which means Romania has a solvability accepted by most of investors, the […]
Sparkassen Immobilien yesterday launched the first mall in Southern Bucharest, Sun Plaza, an investment worth a total of 150 million euros.
Sparkassen Immobilien, the real estate investment division of Erste Bank, […]
Romania’s economy is expected to expand by more than seven percent in 2006, following strong growth in the first two quarters, the head of the country’s main statistics agency said […]
On the day that Romania’s accession to the was EU confirmed, UK investment advisory company and property developer, Westhill, has opened an office in Bucharest, Romania.
“We represent several funds whose […]
The lack of completed projects has prompted Austrian fund Immoeast, the biggest investor on the local real estate market, to start building two complexes from scratch, with a cumulated value […]
Foreign direct investment made in Romania is expected to reach a record level of approximately 9 billion dollars (roughly 7.1 billion euros).
The agency estimates for this year an economic increase […]
Romania has been given a grudging go-ahead to join the EU in January, marking the final chapter of a historic expansion.
The Commission president, Jose Manuel Barroso, put the most positive […]
Minister of Transportation Radu Berceanu was on hand to inaugurate the extension of the runways at Henri Coanda Airport, which has increased the landing and takeoff capacity of the airport […]
Prince Charles is planning to buy a property in the Romanian region of Transylvania, well known as the birthplace of Vlad The Impaler, inspiration for Bram Stoker’s “Dracula”.
The prince is […]
Property investment company Equest Balkan Properties PLC said it has bought circa 10 hectares of land in the Bucharest West logistics park development in Romania for 5.4 mln eur, and […]
Romania has progressed considerably on its road to the EU, Romania’s European Integration Minister Anca Boagiu said in interview with newspaper Evenimentul Zilei. Minister Boagiu pointed out that an important […]
Israeli group Engel will invest 80 million euros in a Romanian real estate project that will consist in 500 apartments and retail space in Constanta, according to Citigate Dewe Rogerson.
Investkredit Bank, part of Austria’s Volksbank group, is in talks related to granting 120m-euro loans to finance real estate projects on the Romanian market.
Since it opened its office in Romania, […]
Dawnay Day Carpathian, a British real estate investment company, has bought the Brasov-based MacroMall shopping centre for 19 million euros. This is the first acquisition by the British firm on […]
Romania’s National Commission for Prognosis has announced a higher economic growth for the second quarter of 2006 that might exceed the 6.9 per cent gross domestic product (GDP) growth posted […]
The Irish Moritz Holdings, which discreetly entered the market at the end of last year, is developing a real estate project in Romania put at over 60 million euros in […]
Property developer Engel East Europe N.V. said that it has signed a memorandum of understanding to take a stake in the planned development of several thousand residential units in ‘a […]
Goldale Limited, a company of the Tiriac group and the Spanish developer of real estate projects Riofisa Internacional have increased the share capital of Goldale Real Estate by almost 10 […]
Africa-Israel Europe and New Century Holding (NCH) will invest some 165 million euros in a Romanian real estate project, developed on a 120,000 square metre plot of land in the […]
Investors were presented with a range of ideas for investing in the booming real estate of Romania at a Cleopatra Hotel seminar on Thursday.
The seminar was organised by the Embassy […]
The Finnish ambassador stressed that Romania has to be an efficient partner in the EU, while outlining the objectives of the Finnish presidency of the European Union.
Preparing for January 1, […]
Romania’s President Traian Basescu today met in Washington with U.S. President George W. Bush to discuss issues ranging from problems in the Black Sea region to bilateral economic relations and […]
Citizens from European Union states will have the possibility to use their health insurance in Romania, under a government decision. The measure came following a change to a government ordinance […]
Neocity Group will invest 300 million euros in a residential project located in the east side of Bucharest.
The project is called NeoPeninsula and will be located near the Colentina River […]
British real estate investment fund European Convergence Property Company PLL, whose capitalisation stands at about 7 billion euros, yesterday signed the acquisition contract for the Millennium Business Center office building, […]
Romania could attract foreign direct investment worth 7.5 billion euros this year thanks to greenfield projects and big privatisation projects, reads a study of the European banking group Unicredit.
The estimated […]
European Union representatives said Bulgaria and Romania maintained their on-time EU entry chances if they managed to complete all necessary reforms. This statement was listed in the draft conclusion for […]
The foundation stone of shopping and entertainment center Polus Center Cluj was placed today. The €140 million shopping center will be built by TriGránit Fejlesztési Rt. The center being built […]
EU enlargement commissioner Olli Rehn told the International Herald Tribune that Bulgaria and Romania had achieved significant progress in the judicial system but that the countries had to assure the […]
The EU Council of Ministers approved on Monday, June 19 a financial package for rural development projects in Romania and Bulgaria. The total sum agreed by the EU Agriculture Ministers […]
The malls, houses, villas and office buildings are being constructed at a rapid pace, the market being fuelled by private projects paying cash.
The real estate and private projects were responsible […]
Wizz Air, the largest low-cost airline company in Central and Eastern Europe, announced it would launch eight new flights in Romania, which will become operational starting January 2007. The new […]
Romania will obtain 30 billion euros in unredeemable funds from the EU budget between 2007 and 2013, according to the state secretary in the Ministry of European Integration (MIE), Leonard […]
“One billion euros foreign investments in 2 months” according to Ziarul Financiar, adding “this year foreign investments in Romania had a spectacular start”, the provisionary data from the National Bank […]
The report produced by European Business CNBC in March 2006 points out the stability of the Romanian economy as well as the potential of growth in the years to come.
In its February 2006 edition, A Place in the Sun ranked Romania the most profitable country to invest in the real estate market in Europe.
A Place in the Sun analysis […]
New rules on the right of EU citizens to own land in Romania have been adopted, and will come into force as of the date of Romania’s accession to the […]
The improving economic situation and EU accession will drive the Romanian construction sector into record figures in the next 2-3 years. Good performance will be achieved in all construction sectors, […]