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Articles

Plaza Centers Reports EUR34M Loss Due To Depreciation Of Romanian Assets

Israeli Plaza Centers, the real estate developer of the Casa Radio project in Romania’s capital city Bucharest, reported loss of EUR85.9 million in 2012, mainly due to a EUR34.1 million decrease in the book value of assets held in Romania, the company said in its financial report.

Deichmann business in Romania, approx. 30% increase

German shoes retailer Deichmann sold last year in Romania 2.33 million pairs of shoes, with a gross turnover of EUR 49.2 million, 29% bigger than in 2011, the company announces.

Mobius: If to invest in Europe, I choose Romania, Bulgaria and Poland

Investors trust in the European market has been strongly hit lately, as with the measures took by the authorities in Cyprus, but even so, countries such as Romania, Bulgaria or Poland offer a reliable growth potential, according to Mark Mobius, the executive president of Templeton Emerging Markets Group.

CFR Marfa privatization to start from EUR 181 mln

Romania will tender a 51 percent in railway freight operator CFR Marfa from a starting price of RON 797 million (EUR 181 million) in an offer that runs for three months with an extension option, according to the Ministry of Transport.

The volume of the construction works – 5% decrease for the first two months

The construction works volume diminished in the first two months comparing tot the same period of last year, both as unadjusted and adjusted series according to the working days number and season, with 5.3% and 7.5%, according to the report of National Institute for Statistics.

Profi target for 2013 – 20% increase in turnover

Profi, second biggest retailer on the Romanian market, owned by the investment fund Enterprise Investors, exceeded last year the milestone of one billion lei, from 934 million lei in 2011, and estimates a 20% growth in 2013.

H&M to open new store on Lipscani St. in Bucharest

H&M will open this year a new store on two floors on Lipscani St. Sources in the market say that the store will be opened this autumn, in a building owned by Cocos family.

Valeriu Nistor, the new President of AmCham Romania

After the Annual General Meeting and elections at the end of March, AmCham (American Chamber of Commerce) Romania announced the members of the newly elected Board of Directors for the 2013-2014 mandates.

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