The real estate investment market in Romania offers the highest investment yields in Europe, which reach 7.25%-7.50% per year for office projects, according to...

Romanian car dealer invests EUR 20 mln in residential tower

Radacini group, one of the biggest car dealers on the local market, will invest EUR 20 million in the first phase of the Aviatiei...

Firemen Museum in Bucharest to undergo EUR 4.5 mln refurbishment

The Foişorul de Foc National Museum of the Firemen will be refurbished and upgraded as part of an EU funds project, managed by the...

Local IT group buys former Nokia headquarters in Timisoara

Romanian firm C.I.T Grup, which specializes in reconditioning IT equipment, has bought the former headquarters of Nokia Networks Romania (the former Alcatel Lucent Romania)...

Romanian investor plans to finalize 24-floor office tower by end-2019

The Ana group, controlled by Romanian investor George Copos, has completed the work on the foundation of its Ana Tower office building. The 24-floor tower,...

Office inventory in Romania’s main regional cities to reach 1 mln sqm next year

The modern office space inventory in Romania’s main regional cities, namely Cluj-Napoca, Timisoara, Iasi and Brasov, has reached 780,000 sqm at the end of...

Government-funded hotel, decaying in western Romania

A hotel built by the Education Ministry in Arad, in western Romania, is now decaying after being abandoned before inauguration. The hotel cost RON 8...
holocaust museum

WB report: Over a third of the houses in Romania need urgent repairs

Much of the housing stock in Romania built during the Communist period is deteriorating due to poor maintenance and over 35% of the country’s...

Romania’s logistics and industrial space inventory reaches 3.4 mln sqm

The modern logistics and industrial space inventory in Romania reached 3.4 million sqm at the end of the first half of 2018. New facilities totaling...

Swiss group starts building EUR 100 mln bio ethanol factory in Romania

Swiss group Clariant, a world leader in specialty chemicals, officially started the construction of a large plant for the production of cellulosic ethanol made...

German group borrows from OTP to buy residential project in Iasi

German group Interdoga has borrowed EUR 5 million from OTP Bank, the local subsidiary of Hungarian group OTP, for purchasing the Green Park residential...

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