PROPERTY
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Government Suspends Issue Of Compensatory Certificates For Nationalized Property Until May 15, 2013
The Romanian Government has decided to extend by one year, until May 15, 2013, the period during which the issue of compensatory certificates for nationalized property is suspended, accordin...
Romania Asked ECHR To Extend Deadline For Adoption Of Law On Nationalized Property
The Romanian Government confirmed Tuesday it has asked the European Court of Human Rights to extend the deadline to amend the law on nationalized property.
Government Caps Compensation To Former Owners Of Nationalized Property
Compensation to people whose property was abusively seized during the communist regime will be caped at 15% of the value of the property and will be paid in tranches in the next ten to twelv...
No Major Changes Expected For Bucharest Land Prices In 2012
Land prices in Bucharest will remain at levels seen at the end of 2010, with the only areas to see declines in prices and demand being the ones in the outskirts and those without infrastruct...
Insurers Pay Millions For Property Damage Claims More Often
Romanian insurance companies ever more often pay millions of euro for damages caused by fires or natural disasters, having turned to this sector during the crisis, to offset the dropping sal...
Romania To Auction Off 130 Government-Owned Properties For Starters
The Romanian authority that administers government real estate properties, or RA-APPS, has started procedures to sell 130 realties, including apartments in central Bucharest, shopping center...
DIY Retailer Dedeman Buys Plot For Second Store In Constanta
Romanian construction materials and do-it-yourself retailer Dedeman bought a 3.5-hectare plot for EUR6 million in southeast Romania, since it plans to build a second store in Constanta, Tues...
Optimism Returns To Construction Market
Construction company Danya Cebus Rom, part of Israeli group Africa Israel Investments, posted around EUR12 million in turnover in the first six months of the year, slightly more than in the...
Banks Have 2,000 Properties For Sale And Start To Cut Asking Prices
Almost 2,200 homes and plots of land, as well as retail space and factories, are currently for sale on the websites of the largest local banks. The number of ads is more than double compared...