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Articles

AFI Palace Cotroceni gets EUR 220 mln refinancing

Deutsche Pfandriefbank, Raiffeisen Bank International, Raiffeisen Bank Romania and Erste Group Bank AG will lend EUR220 million to help refinance debt obligations of AFI Europe’s shopping mall AFI Palace Cotroceni in Bucharest valued at about EUR 375 million, according to zf.ro.

Obi retailer planning to leave Romania

German DIY retailer Obi is preparing a withdrawal from the Romanian market this year after registering losses each year starting 2008, when it opened its first Romanian store, people close to the matter told MEDIAFAX.

NEPI secures €20m to refinance Galati mall

NEPI secured a €20m loan from Garanti Bank to refinance Shopping City Galati.

Chinese group ZTE will open a service center in Romania

ZTE, one of the biggest worldwide telecom producers, will open a service center in a western town of Romania by the end of September 2014. The center will be tasked with monitoring 23 telecommunications networks in 23 European countries, writes MEDIAFAX.

Cluj Innovation City, a EUR 300mln project of Cluj IT Cluster, kicks off with consultancy selection process

The Cluj Innovation City urban development program, one of the main projects of the Cluj IT Cluster, will be selecting the consultancy in charge with carrying out the pre-feasibility study.

AFI starts the construction of the last two office buildings near Cotroceni mall

AFI Europe Romania starts the construction of the last office towers in the close vicinity the mall AFI Palace Cotroceni.

PIC hypermarkets in Craiova, Calarasi, Braila put up for sale again

The former PIC hypermarkets in Craiova, Calarasi and Braila, as well as a plot of land in Blejoi, Prahova county, will be put up for sale again on April 25, by judicial administrator PricewaterhouseCoopers Business Recovery Services, at a total starting price of EUR 10.2 million.

Romania experienced biggest house price fall among 42 countries in 2013

House prices in Romania reported the biggest fall among 42 countries in the world in 2013, namely 10.43 percent, compared with 5.96 percent a year earlier, according to a globalpropertyguide.com survey, based on average inflation-adjusted prices.

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