Dan Sova, minister of Transport, announced on Monday night that the contract with Impregilo for lot 3 of the Sibiu-Orastie highway will be terminated. According to the official, the contract will be terminated in the following week.
The Romanian land market is steadily growing in activity, fueled on one hand by the development of new large scale projects and ‘potentially last minute discounted land plots available’, on the other hand, according to a recent market report published by Colliers International Romania.
After Romania experienced the end of a 10-year real estate cycle last year, a new one is about to start, thinks Attila Peli, the head of development & land at JLL Romania.
Piaţa construcţiilor, un sector de 8-9 miliarde de euro anual, care ar fi trebuit să imprime pe timp de criză o creştere economiei româneşti, a ajuns să aibă o contribuţie în PIB de doar 7,9% anul trecut.
Immofinanz registered in the first nine months of the fiscal year 2013/2014 EUR 36.2 million revenues from renting the 17 projects in Romania, with a slight growth. The occupancy rate of the office buildings decreased in the analyzed period, while the vacancy rate of the malls has decreased.
The American Superconductor company will open a factory at Timisoara, where it will relocate part of the manufacturing of components for wind turbines from its current operations in China, Mediafax reports.
Romania’s road authority CNADNR said it wants to build 93.1 kilometers of highway in 2014, based on a budget of 2.65 billion lei (EUR 0.58 billion), lower by RON 1.1 billion than in 2013.
The sales of new cars in the EU went up by 8 percent in February thanks to the improvement of the economic situation and the lower prices of some carmakers, and Dacia reported again the highest increase among brands. According data presented yesterday by the Association of European Carmakers (ACEA), Dacia sales in the EU advanced by 34 percent in February to 26,800 cars, and by 36.5 percent over the first couple of months of this year, to 54,900 units, the entry brand of Renault group reporting the major increase on the market.
We use cookies to optimise site functionality and give you the best possible experience.
This site uses cookies to store information on your computer.
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary Cookies
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytics
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
Marketing
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.
