Real Estate
Competition Council Clears Acquisition Of Office Building Nusco Tower By Globalworth
Romania’s Competition Council has approved the acquisition of office building Nusco Tower by Globalworth Real Estate Investments, founded and controlled by Greek businessman Ioannis Papaleka...
Roads Authority Expects To Pay Over EUR110M To Upgrade Maramures-Suceava Road
Romania's roads authority CNADNR wants to modernize a 90 km section of Natioanl Road 18, between Maramures and Suceava, for up to EUR113 million, VAT included.
Romania’s Prognosis Commission Sees Constructions Rise By 5% In 2015
The Romanian construction field, one of the hardest hit during the crisis, contracting by over 40% between 2009 and 2014, will resume growth starting next year, when it will see a 5.4% incre...
Impact Borrows RON18M From Banca Transilvania
Impact Developer&Contractor, controlled by businessman Gheorghe Iaciu, contracted two loans, totaling RON18 million (EUR4 million), from lender Banca Transilvania (TLV.RO) to develop Greenfi...
Romania Posts Sharpest Fall Of Construction Production In EU In September
Romania registered in September the sharpest fall of production in constructions sector in EU, of 6.1% on the month and 11.3% on the year, while in the European Union, the market grew by an...
Real Estate Deals In Romania Rose Fourfold In 2014, To EUR1.2B
The value of real estate deals in Romania rose to EUR1.2 billion in 2014, from EUR300 million in 2013, of which 45% and 30% represent acquisitions of retail and office projects, respectively...
DTZ: Lower VAT On Romanian Residential Market Would Bring More Money To State Budget
A lower value added tax on the Romanian residential market would bring more money to the state budget than a reduced social security tax, according to representatives of real estate consulti...
First Home 2014: 25,000 State Guarantees On Mortgage Loans Of EUR900M
Romanians benefited this year of around 25,000 state guarantees on mortgage loans under the First Home program and received total loans of EUR900 million.
Immofinanz Revenues In Romania Slightly Down To EUR23.5M In May-October
Austrian real estate developer Immofinanz had revenues of around EUR23.5 million in the first half of the financial year, May-October, from the rental of its 15 projects in Romania, slightly...