12.23.2014

Tiriac Imobiliare, the real estate unit of businessman Ion Tiriac, is set to invest EUR30 million in an office building in Buzesti street, near Bucharest’s Victoriei Square. more

10.27.2014

A developer controlled by communications company Radcom will complete a 35-apartment building on Polona Street in downtown Bucharest next May, for which it got a EUR2.27 million loan from Intesa San more

10.10.2014

Romania’s construction market is not faring well at all as it is contracting amid public investment downfall, says Gabriel Colobatiu, general manager of building materials producer Somaco, owned by more

10.09.2014

The first nine months of this year were challenging for the Romanian construction sector, as the number of major projects was limited, particularly in the area of infrastructure, says Laurentiu more

09.16.2014

Production of construction materials in Romania in the first six months of this year saw a 9.3% growth compard to the same period last year, according to data provided by national statistics institute more

09.11.2014

Real estate developer Anchor Grup could resume works this year to finish the 35,000 square-meter Metropol Center office building in Bucharest, the construction of which was halted in 2009 on account more

07.16.2014

Building material producer AdePlast, controlled by businessman Marcel Barbut, renounced the EUR7.3 million state aid it got last year for the construction of a stone wool plant, an investment that more

06.10.2014

The most expensive buildings in Romania are located in the capital city, Bucharest, namely a 38-room palace, put up for sale at a price of EUR7.5 million, and an 18-room villa, which costs EUR7 more

05.20.2014

Austrian group Soravia Group has completed the conversion of the Starlight Suits hotel within Bucharest-based compound Metropolis Center into an office building, following an investment of EUR1.5 more

05.12.2014

Czech-held S Group completed the construction of Green Gate office building in Bucharest, which is the biggest office project finalized this year in the capital city, with a rentable area of almost more

04.30.2014

Brand has become a solid argument in end consumers’ buying decisions in the building materials industry as well. more

04.23.2014

The building material market stayed around EUR3.2 billion last year, approximately the same as in 2012. The industry employs 36,000 people and accounts for about one third of the overall construction more

02.19.2014

Romanian company Centrofarm, which operates a pharmacy chain with the same name, has started to develop a ten-storey office building in downtown Bucharest, close to the University Square, on a plot of more

01.31.2014

Five business centers in Bucharest attracted 20 new tenants that rented almost 53,000 square meters last year, enough to accommodate more than 5,000 employees. more

01.17.2014

Bucharest went beyond the mark of two million square meters of offices last year, and brokers say the market fared better, with rentals of around 280,000 square meters. However, not all owners have more

12.27.2013

Greek businessman Ioannis Papalekas, one of the most active real estate investors and developers in Romania, has obtained all permits needed to develop an office building in Bucharest. more

11.22.2013

Romania’s newly announced tax on special building structures sends a negative signal to the business community and is likely to hinder further investments, an official with Austrian oil and gas more

11.04.2013

The lack of new investment in industrial projects could not be offset by small residential projects, which use small roofing of wall profiles, therefore companies in the metal profile sector do not more

09.27.2013

Greek businessman Ioannis Papalekas, one of the most active real estate investors and developers in Romania, has reached an agreement with a European financial institution to get financing for the more

09.10.2013

Office building Nord City Tower in Bucharest’s Pipera area has reached an occupancy rate of 50% after welcoming Homeycomb as its newest tenant, real estate consulting firm DTZ Echinox said in a more

08.01.2013

Elmec Romania, part of Greek-held group Folli Follie which holds the Nike franchise for on the local market, started reconstruction works on a historic building near the University Square in downtown more

07.29.2013

Romanian housing permits fell 4.5% to 17,396 units in the first half of 2013, from 18,217 units a in the year-earlier period, the country’s statistics institute INS said Monday. more

06.14.2013

Spain’s Gran Via, which paid over EUR100 million for former industrial sites in Bucharest during the boom days, started works on its first development in the capital a few weeks ago. more

05.27.2013

The land and building of the Ambasador hotel in Bucharest have been returned in kind to the heirs of its former owner, architect Arghir Culina, after ten years of litigation. more

05.24.2013

Romania’s Government will halve state budget funds for local authorities to consolidate homes considered to have high seismic risk, despite warnings that many buildings might collapse in case of more