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Articles

Fitch Raitings cuts Carrefour IDR to 'BBB'

Fitch Ratings has downgraded Carrefour S.A.'s (Carrefour) Long-term Issuer Default Rating (IDR) and senior unsecured rating to 'BBB' from 'BBB+'. The Outlook on the Long-term IDR is Stable. The Short-term rating has been downgraded to 'F3' from 'F2'.

Radu Enache to sell two lands in Timisoara and Iasi

The owner of the continental chain, Radu Enache wants to sell two lands in Timisoara and Iasi and sell Ibis hotel in Constanta in a lease back transaction, which involves the leasing buy back of the unit from a company specialized in this sort of transactions.

The first Romanian office building to capture Earth energy is built in Pipera

Portland Trust, one of the most important office developers in Romania nears the moment of installing the installation that will capture the warmth from within the soil in the new office complex under construction near Pipera passage.

64% occupancy rate for Twin Towers Barba Center

The office complex owned by the businessman Valentin Barba in Pipera will reach this summer approx. 64% occupancy rate after Elochim Net call center supplier decided to move its quarters in Pipera.

Metrostav moves to bail out Slovak contractor Doprastav

In a move to pour more capital into its Slovak sister company Doprastav, Czech construction giant Metrostav has purchased two of its subsidiaries: PK Metrostav and Doprastav Asfalt.

Suceava’s Local Council to sell Adrem 5 ha land for the construction of a thermal plant

Local Council in Suceava will sell to Adrem Invest the land, as the financing bank requested that the developer should also be the owner of the land where the thermal power plant will constructed.

Office lease transactions in Bucharest increased to 60,000 sqm in 1Q 2013

Bucharest office lease transactions totalized approx. 60,000 sqm in 1Q 2013, increasing with 20% compared to the same period of last year, according to The Advisers / Knight Frank, which has intermediated a third of the lease agreements.

Coca Cola to Transfer Europe HQ to Bulgaria

One of the top global non-alcoholic beverages makers, Coca Cola, will move its entire back office for Europe to Bulgaria, Bulgaria's Economy and Energy Minister, Asen Vasilev, said on April 10.

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