Romanian Business News, 24th Mar 2009

• Romanian businessperson Radu Enache will invest between €40 million and €45 million in the development of a conference centre and two hotels in southern Bucharest.
  
• German retailer Rewe and Romanian retailer Dedeman invested €40 million in the acquisition of a 8.5 ha of land in western Bucharest, where they plan to develop a retail park.
  
• German do-it-yourself chain Hornbach invested between €20 million and €30 million in the development of a 24,000 m² store in Brasov. The unit, Hornbach’s third in Romania, will be open for business this week. [in fact, I shopped there today for a client in Avant Garden! Not so cheap, but great choice!!]
  
• Dutch shipyard group Damen will invest €20 million in the development of a producution hall at its shipyard in Galati. The project is set to be completed in 2011.
  
• German do-it-yourself chain Obi will invest €10 million in the development of two stores in Pitesti (Arges County) and Arad. Both units will be open for business in April.
  
• National Mineral Coal Company from Petrosani, Hunedoara County, will invest €8.37 million in 2009 in the acquisition of new machinery, environmental issues, mining technology and research projects.
  
• German private medical service operator Centrul Medical Unirea will invest a total of €8 million in 2009 in the development of six new units (€7 million), three of which will be in Bucharest; and in the acquisition of another unit (€1 million).
  
• Swedish furniture producer Ecolor invested €3 million in the development of a new production unit at its factory in Jucu, Cluj County.
  
• Polish door producer and importer Porta Doors will invest €2.5 million in acquiring a production line for adjustable doorframes for its factory in Arad. The equipment will be functional in July – August 2009.
  
• Dutch medical service provider Euromedic will invest €2 million in the development of its eighth Romanian imaging diagnostics centre in Focsani, Vrancea County.
  
• Romanian real estate company Landmark Management will invest €1.5 million in 2009 in the rehabilitation of the industrial park in Campulung, Arges County.
  
• Romanian lingerie and swim suits producer Jolidon will invest an estimated €750,000 in 2009 in the development of 15 new Romanian stores.
  
• German retailer Rewe will invest €750,000 in the development of its 68th Romanian store in Roman, Neamt County.
  
• Italian plumbing equipment distributor Romstal invested €650,000 in the expansion of its Romanian network by two stores in Bacau and Calarasi.

Real Estate News, Romania 24th mar 2009

• Romanian real estate developers Concept Investment and Real Estate Development will invest an estimated €500 million in the development of a 28.8 ha real estate complex in Iasi.
• American real estate company AIG Lincoln and Romanian investment fund Fabian will invest an estimated €50 million in the development of a 24,000 m² office building in northern Bucharest.
  
• Israeli real estate developer Gespi Investments will invest €45 million in the development of a 180 unit residential complex in Brasov.
  
• Romanian construction company Castrum will finalize a €33 million investment in developing a 3,500 m² office building and a 10,300 m² aparthotel (a variable-term apartment complex with the amenities and features of a hotel) in central Bucharest.
  
• Australian real estate developer Southern Cross will invest €10 million in the development of a residential project comprising 92 houses in Tunari, Ilfov County.
  
• Irish real estate developer Blackpearl Property invested €10 million in acquiring a commercial centre contract from British investment fund Lewis Charles. The contract includes the development of a mall in Ploiesti, Prahova County, estimated to be a €140 million investment.
  
• Romanian real estate company Corvinus International invested €9 million in the development of a four-star hotel in central Bucharest. The 95 room unit will be open for business in May 2009.

Trasnportation from Bucharest to Brasov

Folks, in case its of interest, we can recommend a good transportation company to get you from Bucharest to Brasov (180km). It will cost circa 70e, perhaps a little less. In addition, the manager (Silviu Stambu) tells me he could even do it for 30e if it co-incides with an exisiting drop-off in the opposite direction. You may even consider a lift share & reduce the cost further still.

You can find him at www.luxurytransport.ro. Please tell him where you heard about him, so he fixes our PC's for free next time they crash!! (I.T. work is his other specialism).

Regards

Damian