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Real Estate News From Romania
Second wave of DIY players brings 750m-euro investments
Financial news from Romania
Friday, 15 December 2006
International DIY chains could total 60 outlets by the end of 2008, according to the expansion plans announced by players. Two international companies have already entered the do-it-yourself market
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Dunca Expeditii to double profit
Financial news from Romania
Friday, 15 December 2006
Dunca Expeditii, the transportation and logistics company based in Timisoara, estimates it will derive net profit worth over 1.5 million euros this year, double against 2005, with growth especially
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BCR to be included into a holding owned by Erste Bank
Financial news from Romania
Friday, 15 December 2006
Banca Comerciala Romana will integrate into a holding owned by Erste Bank by the middle of next year. The holding will include all the Austrian group's branches from Central
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Eurocopter launches the only bid to take over IAR Brasov
Financial news from Romania
Friday, 15 December 2006
French-German group Eurocopter was the only company to launch a bid to purchase 64.89% in aircraft manufacturer IAR Brasov. Yesterday was the deadline for submitting the documents, according to
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MiniMax Discount spends 20m euros on network expansion
Financial news from Romania
Friday, 15 December 2006
MiniMax Discount, the network of discount stores developed by the former head of the XXL Mega Discount network, Rainer Exel, will invest 20 million euros in 2007 to expand
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Overdue debt of individuals up to 114m euros
Financial news from Romania
Friday, 15 December 2006
The overdue debt of individual clients climbed 5% in November, reaching 392 million RON (equivalent to 114 million euros), according to data supplied by the Credit Bureau. The growth
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BT Asigurari operates 2.9m-euro capital increase
Financial news from Romania
Friday, 15 December 2006
BT Asigurari (BT Insurance), part of financial group Banca Transilvania, plans to perform a 10 million-RON capital increase very soon. "This month we are operating a 10 million-RON capital
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Half of projected highways to be built by public-private partnerships by 2018
Financial news from Romania
Friday, 15 December 2006
Romania could build some 2,500 kilometres of highway in the 2008-2018 period, almost half of which is to be funded by means of a public-private partnerships, said Radu Berceanu,
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AVAS to sell stakes held in 140 companies
Financial news from Romania
Friday, 15 December 2006
Next year, the State Assets Resolution Authority (AVAS) will put up for sale stakes of up to 5% in the 140 companies listed on the capital market in which
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Value of goods bought in leasing up 67%
Financial news from Romania
Friday, 15 December 2006
The leasing market registered funded goods worth 2.33 billion euros in the first nine months of this year, a 67% increase against the same time last year, according to
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Holzindustrie buys 5,000 ha of forest
Financial news from Romania
Friday, 15 December 2006
Cascade Empire, the local acquisitions division of the Austrian company Holzindustrie Schweighofer, which operates in the field of wood processing, has so far bought 5,000 hectares of forest on
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