Catoctin County

Real estate investors from Poland move to Bucharest

Tuesday, 03 April 2007 05:01 |

Real estate funds present in Poland are preparing to enter the local market in search of higher yields, which in Romania are about 1.5% higher and are complemented by an unsaturated market. “Investment funds present in Poland for the last 5-7 years could give up the portfolios they hold there, considering among other things the yields [...]

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Starbucks opens first store in Romania

Tuesday, 03 April 2007 05:02 |

Starbucks Coffee Company has opened its first store in Bucharest, Romania with the help of its Greek joint venture partner, Marinopoulos Holding. “Bucharest is an ideal location for Starbucks entry into Central and Eastern Europe,” said Martin Coles, president of Starbucks Coffee International. “We’re looking forward to sharing the Starbucks experience with our Romanian

DCL signs NIS 35.2 million deal in Romania

Sunday, 06 May 2007 23:06 |

Daughter company closes deals for land near Bucharest, to develop housing and commercial projects DCL Technologies, controlled by the Drori-Liberson group reported that it signed its first deal in Romania since control of the company was transferred last August. Ofer Hirchson (son of Finance Minister Abraham Hirchson) sold the majority share (60 percent) of the company to [...]

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Liverpool link to Romania from Wizz Air

Sunday, 06 May 2007 23:14 |

Wizz Air has announced the launch of a new service between Liverpool John Lennon Airport and Bucharest. Flights to the Romanian capital will start on October 1 and operate three times a week, joining the existing service from Luton Airport that launched earlier this year. At the same time Wizz Air will begin services to Palma and [...]

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Apartment-hotel in Brasov sold out

Monday, 07 May 2007 15:36 |

No35 Castle Street in Brasov old town sold out within only a few weeks by Romanian Properties Ltd. Romanian Properties Ltd was exclusive agent for this exceptional development in a very sought-after location. Brasov, situated in the heart of Transylvania, currently offers the best return on investment on the Romanian real estate market for the following reasons: international [...]

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S&P changes Romania outlook to stable vs. positive

Tuesday, 03 April 2007 05:02 |

Standard & Poor’s revised its outlook on Romania down to stable from positive on Thursday, citing increasing political uncertainty since the country joined the European Union in January. “The outlook revision reflects the protracted lack of political visibility since the beginning of 2007,” said Remy Salters, credit analyst at Standard & Poor’s. “This comes

Israeli real-estate company, UK partner, invest $75 million in Romania

Sunday, 06 May 2007 22:54 |

Tagor, Patron to invest almost $248 million over ensuing 4 years in Romanian development projects Tagor Capital Ltd. has signed a four-year cooperation deal with the UK-based real estate fund Patron Capital and the two are set to invest some $75 million in housing and commercial development projects in Romania. Projections for the complete development plans estimate [...]

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Unilever: over 170m-euro business in Romania

Sunday, 06 May 2007 23:10 |

Dutch group Unilever South Central Europe (USCE), known in Romania for the Dove, Rexona and Rama brands posted a domestic business worth 173 million euros in 2006, an increase of around 26% against the 136.9 million-euro turnover reported in 2005. The company’s net profit margin stood at around 6% in 2006, a slight decline on the [...]

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Donald Trump to invest EUR 1 bln in Romania

Monday, 07 May 2007 14:51 |

Donald Trump wants to invest in Romania. The businessman will invest around EUR one bln in Romania, according to Antena 3 tv channel. The American tycoon will sign a protocol of collaboration with the Chamber of Real Estate Trade and the Association of Real Estate Investors. If everything goes on according to his plans, in [...]

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Romania has signed to join the European Economic Area (EEA)

Friday, 18 May 2007 21:29 |

Romania has just signed an accord to access the EEA in Brussels: a financial contribution of 100 million euro will be provided by the EEA countries to Romania until April 2009. Joining the European Economic Area will provide Romania with financial support in the following areas: sustainable development, energy, health and environment development.

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