My Romania > Poor outlook for Romania across all property sectors | Europe | News
[Untitled] Last month Austrian investment fund Immoeast, one of the largest investors on the Romanian real estate market, postponed or cancelled 54 projects in Romania, with a total market value of EUR2.4 billion.
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[Untitled] Immoeast postpones or cancels projects in Romania amounting to 2.4 ...: "At present, Immoeast AG is facing the most difficult phase of its history (...) A significant part of the current problems are the result of decisions taken by management in 2007, which now have negative effects on liquidity", shows the financial report of the group.
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