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Articles - constructors

Construction company Tehnologica Radion enters insolvency

Tehnologica Radion, one of the main construction companies in Romania, has entered insolvency at its own request, according to Mediafax newswire. Insolvency procedures were initiated last week and the first hearing in this case will take place on Septmeber 15.

Octagon to win EUR 2 million contract for the construction works of PC Business Center offices

Construction company Octagon, controlled by the Greek businessmen Alexandros Ignatiadis and Paschalis Paganias, won EUR 2 million contract for a part of the construction works of the office project PC Business Center, developed by Iridex Group Import Export in northern Bucharest.

Residential and commercial demand for pavers is returning, says Symmetrica Romania

Although the market for pavers continues to be mainly fuelled by public and infrastructure projects, the beginning of the year has seen a “slight increase” of demand for pavers coming from residential and commercial projects, said today representatives of Romanian pavers and vibropressed borders manufacturer Symmetrica.

Strabag: Romania is again on the multinationals investments map

Austrian group Strabag, which has built two highway segments between Deva and Sibiu, estimates that the local construction market, evaluated at approx. EUR 9.6 billion, will register this year an advance of 5.8 pct.

Constructor Straco, EUR 140 million turnover, EUR 0.2 million profit

Bucharest’s constructor Straco Grup, controlled by the brothers Alexandru and Traian Horpos, ended last year with a turnover of 616.5 million lei (EUR 140 million), with 29% down compared to 2012.

Epstein will invest EUR 40 million in total in Romania

Epstein owns projects worth of EUR 40 million in Romania currently in development, a similar level to the one reached last year. One of the contracts the American construction firm has on the roll is a new factory, where Aversa will relocate in the future.

A company in Strabag group builds the industrial park in Bistrita

Antrepriza de Reparaţii şi Lucrări ARL Cluj, member of the Austrian group Strabag, has started in association with the company Serbis from Bistriţa, controlled by Liviu Mihail Naghiu, the construction works for Bistriţa Sud industrial park, an investment of 25 million lei (EUR 5.3 million).

Fene Grup changes name to ENGEKO

Romanian construction group Fene Grup will be renamed Engineering and General Constructing (ENGEKO) and will undergo a rebranding process, the company announced. Fene Grup was established by Relu Fenechiu, former Minister of Transport, found guilty of corruption.

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