ZF English
10m-euro deal with office building in Piata Romana area
Bluehouse Capital real estate investment company, which owns several office buildings, as well as retail space and plots of land in Bucharest, is about to take over Astoria Center office bui...
Banks' ranking in 2010
Last year the overall assets in the Romanian banking system rose by just 3.5% - the lowest increase in the last decade. The economic crisis also took its toll on the balance sheets of banks,...
Red tape record: 14 signatures on a document sent by the Finance Ministry
The large number of signatures and stamps needed on documents issued by state institutions is only meant to cover the incompetence of workers in the administrative sector, which saw more tha...
ParkLake Plaza developers cut 40,000 sqm off the future mall, construction to begin this summer
Irish company Caelum Development, controlled by the Sharkey family, has secured the construction permit for developing ParkLake Plaza mall on the plot of former Spartac sports base in the Bu...
Analysts planning to improve economic forecasts for 2011
Romanian analysts are planning to improve their economic growth forecasts this year, after above-expectations data have been announced as regards the economic progression in 2010.
eMag targets 150m-euro sales this year
eMag, the biggest online retailer on the Romanian market, posted 102 million euros in turnover last year, up 60% against 2009, while the online electronics & IT retail market rose to 145 mil...
City Mall put up for auction for 33m euros, 70% less than last transaction
City Mall Shopping Center in Bucharest, which went bankrupt at the end of last year, will be put up for auction on March 31st for a starting price of 33 million euros, 70% lower than the tra...
Cora invests in malls when real estate developers are coping with insolvencies
Cora French retailer, present domestically with five hypermarkets, will enter the mall segment by launching Corall project of Constanța in the second half of 2012, in the wake of 100m-euro i...
Rompetrol sees 500m-euro losses in five years
Rompetrol Rafinare (RRC), the main company part of Rompetrol group controlled by Kazakhstan's KazMunaiGaz group, last year reported losses of 669.7m RON (around 159m euros), the biggest in t...