PROPERTY
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MP: Bill On Wealth Confiscation Is No Threat To People Who Gained Property Legally
The amendments brought by the Romanian Government to the Criminal Code “pose no risk to people who obtained their wealth legally and committed no criminal offence,” MP Ioan Oltean, of the ru...
Opposition Social Democrats Draw Up Bill On Confiscating Illegally Obtained Property
The Romanian opposition Social Democratic Party has drawn up a bill whereby property owned by people indicted on criminal charges may be confiscated if owners cannot prove they obtained the...
Basescu Wants Law Implementing JHA Decision On Illegally Obtained Property
Romanian President Traian Basescu called on lawmakers Monday to find a way to transpose into national legislation decision 2005/212 of the Justice and Home Affairs Council (JHA) on confiscat...
Leases Up For Renegotiation In Bucharest Office Buildings
Rental contracts signed in a number of Bucharest office projects, such as S-Park, Victoria Park, West Gate Park, Novo Park and Anchor Plaza, are set to expire next year, as most of the space...
Bucharest’s Old Town, A Mosaic Of Restaurants And Ruins, Is Worth Over EUR1B
The 57 hectares of land that accommodate Bucharest’s old town can be valued at around EUR1 billion, based on the average price of EUR1,500 to 2,000 per square meter in the area, but the numb...
High Street Retail Draws Casinos, Discounters
Rental demand for commercial space on Romania’s main streets comes mostly from casinos and discount stores, according to an analysis by real estate consultants Cushman&Wakefield.
Dinu Patriciu's Property Firm Sells Sweden Portfolio To Focus On Other Markets
Dinu Patriciu Global Properties (DPGP), owned by Romanian businessman Dinu Patriciu, sold seven office buildings in Sweden, with a total surface of 75,000 sqm, to Swedish Hemfosa Fastigheter...