Metrorex new line will cost almost EUR 1 bln

Metrorex is investing about EUR 1 bln in building a new underground line that will connect Drumul Taberei, Universitate and Gara Obor in the East of Bucharest, Metrorex General Manager Gabriel Mocanu has told Rompres. ‘The ... More


Al Arrab takes over Electroputere Craiova

Al Arrab Contracting Company Limited from Saudi Arabia took over 62.8 percent of Electroputere Craiova shares for EUR 120 million. Al Arrab Contracting Company Limited specializes in infrastructure works domain and the ... More


Rehau AG to build logistics center near Sofia

Rehau, the provider of polymer-based solutions in construction, automotive and industry, said it will invest 3.6 mln euro in a logistics center near Sofia. The location of the contemporary logistics facility is in Sofia's ... More


Andami to invest some EUR 55 million in two residential projects

Andami, a company specialized in the distribution and storing of construction materials and the developing of real estate projects, will start this year investments of some EUR 55 million to develop two residential projects in ... More


Limak’s energy projects to supply Turkey 1 bln kwh

Limak Construction Holding believes it can meet 4 percent of Turkey’s energy needs once they complete their renewable energy projects, according to board member Batuhan Özdemir. They are about to launch ... More


Winslow Developments to build residential complex in Sofia

Property developer Winslow Developments said it will build a residential community in Sofia's Manastirski Livadi district just off the ring road. The company will break ground for the 5.5 ha Winslow Gardens development in ... More


İETT land payment halted by ongoing trials

Dubai Sheikh al-Maktoum’s construction company, Sama Dubai, has failed to meet a Tuesday deadline for the payment of funds owing in the purchase of İstanbul Electric, Tram and Tunnel Enterprises (İETT) land in ... More


Ozer to invest EUR 15 million in residential project

Turkish group Ozer Construction will invest EUR 15 million to develop a residential project in Aviatiei area in Bucharest. The company has purchased a 5,200 sqm plot and plans to develop 80-100 apartments. The works might start ... More


Sofia prepares waste management project

The Sofia municipality has kicked off a waste management project with a tender for the selection of a company to implement all necessary preproject activities and prepare the tender paperwork. The 47 mln lev cost of the 16-month ... More


Austrian "Soravia" broke contract with "Budvanska rivijera"

Austrian company "Soravia" has broken contract with company "Budvanska rivijera" due to unsettled issue of the land ownership. The contract was signed on January 10, 2007, in Vienna, and it concerns the rental of tourist ... More


Italian firms to build new Tirana waste tip

The new waste tip of the Albanian capital Tirana will be set up by a team of Italian companies led by Friuli-based Gesteco Spa of the Luci Group. The works, worth 6 million euro, are funded by the Italian companies. The ... More


Chinese investors interested in construction of new bridge over Danube in Galati

Chinese investors are interested in the project of constructing a bridge over the Danube in Galati (northeast of Bucharest, important Romanian port).Wang Tieshan, China's Consul in Constanta (Black Sea coast, 221 kilometers ... More


Bella Romania to invest EUR 2.5 million in logistics center in Olteni

Bella Romania, a member of Polish holding TZMO, has finalized the construction works at the logistics center situated in Olteni village and at the company’s new headquarters, following an investment of EUR 2.5 million. The ... More


Bulgaria Freezes Construction Works in Coastal Resorts

Construction works in Bulgaria's Black Sea summer destinations of Nessebar, Sozopol and Tsarevo will be terminated as of the beginning of next month when the new season sets in. An order to this effect was issued on Thursday ... More


German Xella to invest EUR 26 million in two factories in Romania

Construction materials producer Xella from Germany will invest in the next two years EUR 26 million to build two concrete production units, said the director of the Romanian branch, Dorian Marin. One of the factories will be ... More


Company "Xella Srbija – Ytong" represents system of quick construction at Building Expo

At the Building Expo in Belgrade, from April 11 to 15, company "Xella Srbija – Ytong" will represent currently the most quality and the quickest system of construction, which made it possible that a big and quality house be ... More


Company "Xella Srbija – Ytong" represents system of quick construction at Building Expo

At the Building Expo in Belgrade, from April 11 to 15, company "Xella Srbija – Ytong" will represent currently the most quality and the quickest system of construction, which made it possible that a big and quality house be ... More


Alpine to develop Petrom headquarters

Alpine Bucharest won the auction for developing the EUR 80 million Petrom headquarters- Petrom City. The unit will be developed in stages and will be finalized in 2009. The company owns in Straulesti, in the north of the capital, ... More


Enterprise Investors keen on winning over Eastern Europe

The Polish company European Investors intends to invest in Central and Eastern Europe within the next five years, especially in the retail, manufacturing, telecommunications, IT and pharmaceutical markets, Rompres informs. ... More


Rotercom invests EUR 3 million in factory in Targu Neamt

Rotercom will invest EUR 3 million to develop a doors and windows factory in Targu Neamt, the unit being finalized this autumn and is estimated to register in 2006 sales of some EUR 6 million. Rotercom registered last year a ... More