Real Estate
SMEs Minister Says Lump-Sum Tax Is Not Overtaxation
The lump-sum tax introduced in the hospitality and auto services industries is not overtaxation and companies in other sectors, such as law firms and dental practices, have requested to be i...
AdePlast IPO Gets 17% Subscription On Retail Segment In First Day
Retail investors subscribed about 17% of the shares available in the segment during the first day of an initial public offering of 33% in building materials producer AdePlast, Bucharest Stoc...
Spanish-Held Firm Builds Block Of Flats In C Bucharest
A Spanish-held company is developing a block of flats in central Bucharest, in an investment worth EUR2 million, real estate firm G3 Imobiliare, the promoter of the project, said in a statem...
Intersport Opens its 23rd Romanian Store In AFI Palace Ploiesti
Sporting goods retailer Intersport is opening a new store Thursday in the AFI Palace shopping mall in Ploiesti, its second in the city and 23rd in the country.
Companies Risk Losing Up To 30% Of Employees In Relocations
Companies risk losing 10% to 30% of their employees when they choose to relocate if they only consider cost-efficiency and disregard employees’ needs such as accessible transport and commute...
AdePlast Wants To Build Basalt Fiber Plant With Money Raised From IPO
Romanian building materials producer AdePlast, owned by businessman Marcel Barbut, will use the money raised from its initial public offering to build a basalt fiber plant, a project estimat...
AmCham, Foreign Investors Ask Romania's Government To Reconsider Fiscal Measures Pledged To IMF
The American Chamber of Commerce in Romania (AmCham) and the Foreign Investors Council (FIC) called on the Government to lower local taxes on property for companies, set up a stable and comp...
Bucharest Housing Prices Down 4% In September
Higher costs for the government-backed First Home mortgage lending program have prompted prospective buyers to seek homes for lower prices and sellers have lowered asking prices by 4% in Sep...
Immochan Kicks Off Real Estate Project In Brasov
Immochan, the real estate division of French group Auchan, started construction of the first stage of real estate project Coresi Brasov in central Romania.