06.13.2013

The chief executive of Marfin Bank Romania, a unit of Cyprus Popular Bank, Thursday said his institution will likely change ownership in two to three months, in a transaction estimated at about more

06.12.2013

Romanian insolvent state-owned hydropower producer Hidroelectrica will organize an international auction early July to sell 25 micro-hydro facilities at a starting price of 73.6 million lei (EUR16.6 more

06.05.2013

The prices of office buildings put up for sale in Bucharest range between EUR1,100 per square meter and EUR3,800/sqm, while in other large cities across Romania they vary between EUR400/sqm and more

06.03.2013

The real estate project involving the Focsani Plaza shopping mall will be auctioned off again, through outcry bid, on Thursday, at a slightly lower starting price of EUR4.2 million, VAT not included. more

05.27.2013

Romanian businessman Octavian Radu, the founder of bookstore chain Diverta, said he is in talks with an investor to sell Diverta, but the “door is still open” for other offers. more

05.22.2013

The court-appointed administrator of insolvent Asmita Gardens, Bucharest’s largest residential compound, said Wednesday it sold 21 apartments in April for EUR2.5 million. more

05.21.2013

Romania’s tourism sector needs major investments because its accommodation capacity, from student camps to five-star hotels, is below 2% of the country’s population, hotel consultant Paul Marasoiu more

05.16.2013

Bankrupt shopping center Armonia Mall in Braila, eastern Romania has failed to attract a buyer despite a 30% cut in the asking price, to EUR15 million, and its creditors might have to lower the price more

05.14.2013

Romania’s privatization authority AAAS plans to sell its minority stakes in 81 companies this year, authority head Adrian Constantin Volintiru said Tuesday. more

05.14.2013

Romanian insolvent state-owned hydropower producer Hidroelectrica will put up for sales 88 of its 160 micro-hydro facilities starting June, the company said Tuesday. more

05.06.2013

Real estate developer RomReal, with Norwegian and british capital, plans to sell part of the 130 hectares of land it owns in several areas in Romania to ensure liquidity and has started breaking more

04.30.2013

Austrian Erste Group Bank AG (EBS.RO) Tuesday said it has completed the sale of its Ukrainian subsidiary to the owners of Fidobank, a group of companies ultimately controlled by Ukrainian banker more

04.24.2013

Romanian low-cost airliner Blue Air, up for sale, announced Wednesday it received bids and letters of intent from nine prospective investors, mostly foreign. more

04.19.2013

Romanian law firm Tuca Zbarcea & Asociatii has advised Greece’s Piraeus Bank on the EUR10.3 billion sale of its 93.27% stake in ATE Bank Romania, the law firm said in a statement Friday. more

04.18.2013

Greece’s Piraeus Bank has sold its 93.27% stake in ATE Bank Romania to local businessman Dorinel Umbrarescu for EUR10.3 million, the Greek lender said in a statement Thursday. more

04.18.2013

Businessman Dan Adamescu, Mirica Dumitrescu - owner of Romanian airline Medallion Air, which operates charter flights, an investor from Doha, a representative of an Italian-based airline and a law more

04.17.2013

Greece’s Piraeus Bank Wednesday sold the Romanian subsidiary of ATE Bank to local investors for about EUR10 million, people familiar with the matter told Mediafax. more

04.17.2013

Creditors of bankrupt shopping center Armonia Mall in Braila, eastern Romania, have taken 30% off their asking price and hope to sell it for EUR14.85 million after its previous price tag, of EUR25 more

04.17.2013

Local authorities in Suceava, northeastern Romania, will sell a five-hectare plot of land, for EUR315,000, to industrial engineering company Adrem Invest which previously leased it in view of building more

04.11.2013

Romanian low-cost airline company Blue Air, owned by businessman Nelu Iordache, has been put up for sale and several Romanian and foreign investors have shown interest in the company, people familiar more

04.11.2013

Romanian businessman Radu Enache, owner of the Continental Hotels chain, plans to sell two plots located in the cities of Timisoara and Iasi, as well as the Ibis Hotel in the city of Constanta through more

04.07.2013

The Romanian units of Bank of Cyprus will remain closed for two more weeks, until April 22, pending sale negotiations that start Monday, April 8, the bank said in a statement Sunday. more

04.05.2013

Romania’s Transport Ministry has set a minimum bid price of 798.05 million lei (EUR180.2 million) for freight rail company CFR Marfa, one of the several state-run companies the government has more

04.02.2013

The sale of ATE Bank Romania cannot be completed due to a shareholder’s request to withdraw from the local lender. more

04.01.2013

A potential change of ownership at Bank of Cyprus Romania would place existing deposits in the bank under local legislation, an official of the central bank said Monday. more