Imobiliare

Where will you be spending this summer? Perhaps a week or month or more at the seaside? Tired of Turkey, Bored of Bulgaria? How about at your own apartment on the Romanian Riviera? For less then 5000 Euro, that's five-thousand Euro, you could move in next week! The Developer of the Sun Garden complex is offering two move-in ready apartments with circa 10% down in an else wise sold out building with an interest free builder-provided mortgage in-place for which you no pre-approval is required. What's more the rental income from your apartment will go towards the rent! Sun Garden has already been operating successfully as a hotel with over 100% occupancy in summer months. The management team is already in place and experienced. Here is the deal: 1. Apartment A1 which is 1 bedroom (1 big room and 1 small room + bathroom + balcony + parking + share of all spaces/facilities in the complex).

Less than one week after joining the European Union, Romania announced plans Wednesday to join the euro by 2014. Analysts believe that Romania’s ambitions to sign up to the eurozone in the next 7 years could be realistic with robust economic growth helping to underpin Bucharest’s efforts at adhering to tough budget discipline.

Spanish company IUE Leader Imobiliare purchased a 4.3-hectare plot of land on Lujerului Street in Bucharest, previously owned by Electrotechnica, for which it paid 30.6 million euros. The Spanish will use the land, located near Plaza Romania shopping centre, to develop a residential complex comprising 1,200 - 1,500 apartments, which will entail an investment amounting to [...]

This medieval Saxon city has become one of Europe’s official culture capitals, drawing attention to centuries-old buildings that were once ordered demolished during Romania’s communist period. Sibiu, in the region of Transylvania, set off fireworks and held concerts and light shows to celebrate its designation, timed to coincide with Romania’s accession to the European Union on

Foreign direct investment in Romania reached a record euro9.1 billion (about US$12 billion) last year, up 75 percent compared to 2005, according to figures published by the central bank. Part of the increase was due to the sale of the Romanian Commercial Bank or BCR, to Austria’s Erste Bank, with the government receiving euro2.2 billion (US$2.9 [...]

Unilever will relocate production under the Kaliakra brand from Bulgaria to Romania as part of the company’s plan to concentrate production in strategic locations, capable to sustain the long-term growth strategy. Therefore, all production at the Dobrich factory in Bulgaria will end immediately and be relocated to the company’s industrial platform near Ploiesti, Romania, where Knorr,

The domestic branch of Michelin group, the world’s biggest tyre producer, estimates its turnover will amount to about 325 million euros this year, 25% higher than the 260 million euros turnover it made last year. The regional retail market last year accounted for around one third of the company’s turnover, according to company data. “Our sales [...]

Real estate funds present in Poland are preparing to enter the local market in search of higher yields, which in Romania are about 1.5% higher and are complemented by an unsaturated market. “Investment funds present in Poland for the last 5-7 years could give up the portfolios they hold there, considering among other things the yields [...]

Starbucks Coffee Company has opened its first store in Bucharest, Romania with the help of its Greek joint venture partner, Marinopoulos Holding. “Bucharest is an ideal location for Starbucks entry into Central and Eastern Europe,” said Martin Coles, president of Starbucks Coffee International. “We’re looking forward to sharing the Starbucks experience with our Romanian

Daughter company closes deals for land near Bucharest, to develop housing and commercial projects DCL Technologies, controlled by the Drori-Liberson group reported that it signed its first deal in Romania since control of the company was transferred last August. Ofer Hirchson (son of Finance Minister Abraham Hirchson) sold the majority share (60 percent) of the company to [...]