Real Estate
AFI Europe Expands Cotroceni Mall To Accommodate H&M
Israeli company AFI Europe, owner of AFI Palace Cotroceni mall in Bucharest, is building a 800 square-meter extension of the H&M store. In the extension the retailer will sell both clothes a...
Home Prices In Romania Down 7% In January-August
Prices of homes in Romania fell some 7% in the first eight months of the year and Bucharest registered the highest price decrease, according to imobiliare.ro.
Romanian Insurance Market Rose 3.2% In 1H To RON4.3B
The Romanian general and life insurance market rose 3.2% in the first half of 2013 to 4.3 billion lei (EUR0.96 billion), while damages paid by insurers fell 1.2% to RON2.5 billion, according...
Plans Of Pump Maker Aversa's New Owner
Canadian businessman Michael Topolinski, who recently bought bankrupt pump maker Aversa, says he does not plan to change the plant’s management structure yet.
NEPI Buys Severin Shopping Center And Adjacent Land Plot From Bel Rom
South-African investment fund New Europe Property Investments (NEPI) has bought Severin Shopping Center, developed by Belgian group Bel Rom, and an adjacent plot of land of 2.3 hectares, law...
Echo Investment Changes Design Of Korona Mall To Meet Market Requirements
Polish company Echo Investment has changed the design of shopping center Korona, which it will develop in Brasov starting next year, and plans to buy existing retail projects, considering th...
Cemacon: Rural Construction Projects Contribute Some 70% To Total Brick Sales
Brick sales in rural Romania currently account for 60% to 70% of overall sales on this market segment, the reverse of the situation previous to the crisis, Liviu Stoleru, general manager of...
Romania Sets Formulae For Lump Sum Tax To Be Applied Starting 2014
Owners of restaurants with a floor of 150 square meters in central Bucharest will pay lump sum tax of 17,136 lei (EUR3,900) per year starting 2014, while shawarma eateries will contribute lu...
Romanians To Pay Health Insurance Contribution Of Up To RON611/Month For Rental Revenues
Romanians who obtain revenues from home rental will pay health insurance contributions of at most 611 lei (EUR136) per month in 2013, according to a bill drawn up by the Finance Ministry.