01.24.2013

Israeli-owned real estate developer Globe Trade Center (GTC) and a prospective buyer of three shopping centers in Romania have decided to cancel the transaction. more

01.23.2013

Some of the regional investment funds (SIFs) have reduced their assets by almost 30% in the last three years, selling part of their portfolios and mainly their bank stakes. They did it in response to more

01.21.2013

Bucharest-based real estate compound Cortina Residence, under bankruptcy, was auctioned off again at a lower price of EUR5 million. more

12.14.2012

Romanian state-owned postal company Posta Romana will be privatized through a share capital hike, and the future investor will hold a 51% stake in the company instead of a previously agreed 20%, more

12.06.2012

Bucharest-based real estate compound Cortina Residence, under bankruptcy, will be auctioned off again at a lower price of EUR7.33 million. more

11.08.2012

Romania’s government expects to raise over 2 billion lei (EUR448.2 million) from the sale on the stock exchange of minority stakes in oil company OMV Petrom (SNP.RO) and natural gas producer Romgaz, more

10.18.2012

Eden Springs, Europe’s largest provider of office watercooler services, is negotiating the purchase of Romanian peer La Fantana, people close to the talks told Mediafax. more

10.18.2012

Real estate developers sold on average two to five apartments per month in 2012, so that 10,000 new apartments are currently available for sale in capital Bucharest and most of them address people on more

10.16.2012

Romanian lender Banca Comerciala Romana (BCR) is foreclosing on Bucharest shopping center Cocor and will auction it off at a starting price of 134.9 million lei (about EUR30 million) on November 16. more

10.10.2012

The shares price in state-run natural gas pipeline operator Transgaz Medias (TGN.RO) that Romania aims to sell to institutional investors will be settled based on subscriptions that must touch 150% more

09.26.2012

Hotel owner Josef Goschy has failed in his attempt to sell several of the hotels he owns in Romania, and plans to promote them in China, Russia and the Arab countries. more

09.25.2012

Companies from Poland and the Czech Republic showed interested in taking over railway freight carrier CFR Marfa, while several Romanian transport companies are also expected to bid for the state-owned more

09.24.2012

The owners of Bucharest shopping center Cocor plan to sell the unit’s commercial spaces separately, and the minimum price was set at EUR5,000 per square meter. more

09.21.2012

The Romanian Government will approve next week the sale strategy of railway freight carrier CFR Marfa, which stipulates the sale of the entire state-owned stake, Transport minister Ovidiu Silaghi said more

09.21.2012

The four auction offers for the sale of state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO), submitted Thursday at the Economy Ministry’s privatization office OPSPI, have been accepted. more

09.19.2012

Austrian lender Volksbank AG will sell its Romanian business and several other non-core units by 2017, according to the bank’s reorganization strategy approved by the European Commission on more

09.13.2012

Bankers have lost their patience with the customers falling behind with their payments and are trying to speed up recovery of the losses by putting thousands of houses and apartments foreclosed across more

08.30.2012

Snack Attack, a bakery and restaurant company, sold its factory in Balotesti, Ilfov County (near Bucharest), to Fresh Crocodile Company, which makes and distributes sandwiches on several European more

08.13.2012

The financial crisis over the past three years has “brought down” many malls, housing projects and store chains, as well as tens of plants operating in the food, industrial and construction more

08.06.2012

The owners of shopping center operator Cocor Bucuresti (COCR.RO) plan to sell Cocor hotel complex in Neptun seaside resort, southeastern Romania, at a starting price of EUR18 million. more

08.01.2012

London-based insurer Aviva announced Wednesday it has completed selling its life insurance operations in Romania, Hungary and the Czech Republic to the local subsidiaries of U.S. insurer MetLife. more

07.29.2012

Greek fashion retailer Sprider is selling its loss-incurring Romanian unit, Sprider Stores SRL, to Cyprus-registered Naqua Investments, which operates in fashion retail in Eastern Europe, for more

07.18.2012

The shareholders of shopping center operator Cocor Bucuresti (COCR.RO) have approved the sale of all its assets to restructure the company, and the asking price of shopping center Cocor in downtown more

06.29.2012

Romania’s largest oil company OMV Petrom (SNP.RO) said Friday it sold subsidiary Petrom LPG to Crimbo Gas International, exiting the liquid petroleum gas bottling and distribution market. more

05.31.2012

London-based oil company Regal Petroleum said Thursday it will sell its subsidiary in Romania to Zeta Petroleum for $650,000. more