LAND
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Porumboiu Bets On Sunflower And Corn After Rapeseed Disappoints
Adrian Porumboiu, one of the top ten agricultural producers in Romania, has this year increased the areas cultivated with sunflower and corn by up to 83%, out of an overall area of 27,000 he...
Finance Ministry Admits Agriculture Is Not Taxed, So It Cannot Raise Budget Collections
After years in which the authorities and politicians have just talked about taxing agriculture, the Finance Ministry readily admits “agriculture is less taxed than the rest of economic secto...
Land Is Romania's Main Means Of Production And Must Not Be Sold Off – Farming Association
Land is Romania's main means of production and a national possession that must not be sold to foreign interests, Laurentiu Baciu, head of agriculture producers' association LAPAR, said in a...
7,000 Individual Farmers Own 8% Of Romania’s Arable Land
Almost 7,000 individual farmers together exploit 700,000 hectares of land, i.e. 8% of the arable land in Romania, according to data of the Agriculture Ministry. The business done by these pe...
Foreigners May Buy Romanian Farmland Starting 2014
Foreign investors will be able to buy farmland without restrictions as of 2014, given that extending the restrictions would entail a modification of Romania’s EU accession treaty.
CBRE: Bucharest Land Market To See Upturn In 2012
Bucharest land market will mainly include property held by financial institutions, and transactions concluded this year could see a low in terms of prices, with investors seizing this opport...
Tenants To Withhold And Pay Taxes Owed By Landowners
Taxes owed by Romanian landowners will be withheld and transferred to the budget by the tenants, and the owners will not have to file a statement on their income from rents if they choose fo...
Romania’s Real Estate Market Will Only Recover If Costs Drop
The Romanian real estate market’s recovery depends on decreasing the costs of land, taxes and infrastructure, so that the construction price nears a level that buyers can afford, Thursday sa...
Farming Land In Romania Worth EUR25B, One Fifth Of GDP
The more than 13 million hectares of farming land in Romania are worth over EUR25 billion, considering the average price per hectare is almost EUR2,000. The local farming land price is among...