Real estate advisory company DTZ Echinox posted a EUR 2.8 million turnover in 2010, slightly up from EUR 2.65 million in 2009. Its profit rate stood at 6 percent. The company estimates a EUR 3.2 million turnover and a 10 percent profit rate for 2011.

Romanian state-run subway company Metrorex has awarded a EUR 215 million construction contract for the Raul Doamnei-Hasdeu sector of Bucharest’s new subway mainline to a consortium made up of Astaldi (Italy), FCC (Spain), Delta ACM and AB Construct (Romania)

Insurance companies Generali and Ardaf will merge into Generali Romania, hoping to land a place in the top five of insurance companies in Romania. Both insurance companies have Generali as main shareholder.

Romanian national gas transport company Transgaz made a profit of EUR 87.3 million last year, an increase of 23 percent on the previous year. The company's turnover advanced by 10.5 percent, to EUR 311.6 million.

Final Distribution, importer of construction materials from Gerard, Delta and Keylite, has opened a production line for gutters and downpipes in Baicoi, Prahova county. The value of the investment goes up to EUR 500,000, according to the company.

Romania could exit recession in April this year, if the positive trend recorded in the fourth quarter of the year will continue, said Romanian Prime Minister Emil Boc (in picture).

Fewer Romanian companies suspended their activity in January this year compared to the same month in 2010, which could be one of the signs of incipient economic revival. The number of companies that stopped activity went down by 55.7 percent, to around 2,600, compared to the same month last year, according to the National Trade Registry (ONRC).

French retailer Cora, which is currently working on its own shopping center in Constanta, plans to start works on two new such projects in Brasov and Bacau. The invetsment in the Brasov mall will reach around EUR 100 million.

Irish developer Caelum Development has received the building permits for the Parklake Plaza shopping center, which should be built on the premises of the former Spartac sports base in the Titan area of Bucharest. Construction works on the mall are expected to start in July this year, according to Caelum.

Shopping center City Mall in Bucharest, currently insolvent, is up for sale for EUR 33 million, according to Casa de Insolventa Transilvania, the judiciary liquidator. Victoria Holding, the owner of the mall, has a debt of around EUR 73 million. The shopping center filed for insolvency in November last year. Australian investment fund APN UKA bought the shopping center in 2006 for EUR 103.5 million.

Real estate advisory company DTZ Echinox posted a EUR 2.8 million turnover in 2010, slightly up from EUR 2.65 million in 2009. Its profit rate stood at 6 percent. The company estimates a EUR 3.2 million turnover and a 10 percent profit rate for 2011.

Romanian state-run subway company Metrorex has awarded a EUR 215 million construction contract for the Raul Doamnei-Hasdeu sector of Bucharest’s new subway mainline to a consortium made up of Astaldi (Italy), FCC (Spain), Delta ACM and AB Construct (Romania)

Insurance companies Generali and Ardaf will merge into Generali Romania, hoping to land a place in the top five of insurance companies in Romania. Both insurance companies have Generali as main shareholder.

Romanian national gas transport company Transgaz made a profit of EUR 87.3 million last year, an increase of 23 percent on the previous year. The company's turnover advanced by 10.5 percent, to EUR 311.6 million.

Final Distribution, importer of construction materials from Gerard, Delta and Keylite, has opened a production line for gutters and downpipes in Baicoi, Prahova county. The value of the investment goes up to EUR 500,000, according to the company.

Romania could exit recession in April this year, if the positive trend recorded in the fourth quarter of the year will continue, said Romanian Prime Minister Emil Boc (in picture).

Fewer Romanian companies suspended their activity in January this year compared to the same month in 2010, which could be one of the signs of incipient economic revival. The number of companies that stopped activity went down by 55.7 percent, to around 2,600, compared to the same month last year, according to the National Trade Registry (ONRC).

French retailer Cora, which is currently working on its own shopping center in Constanta, plans to start works on two new such projects in Brasov and Bacau. The invetsment in the Brasov mall will reach around EUR 100 million.

Irish developer Caelum Development has received the building permits for the Parklake Plaza shopping center, which should be built on the premises of the former Spartac sports base in the Titan area of Bucharest. Construction works on the mall are expected to start in July this year, according to Caelum.

Shopping center City Mall in Bucharest, currently insolvent, is up for sale for EUR 33 million, according to Casa de Insolventa Transilvania, the judiciary liquidator. Victoria Holding, the owner of the mall, has a debt of around EUR 73 million. The shopping center filed for insolvency in November last year. Australian investment fund APN UKA bought the shopping center in 2006 for EUR 103.5 million.