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The 74th Meeting of the Managing Committee of the European Property Federation took place in Romania

At its Bucharest meeting, the Managing Committee of the European Property Federation gives top priority to expansion in Central and Eastern Europe under the leadership of Liviu Tudor, the founder and President of the Romanian Association of Building Owners.

Romanian companies’ most pressing problems

The most pressing issues companies in Romania face are taxation, competition and lack of demand, according to a Central Bank (BNR) analysis. Financing is also among pressing problems mentioned by Romanian companies.

Romanian real estate developer plans EUR 30 mln bond issue for new projects

Romanian real estate company Impact Developer&Contractor plans to launch a bond issue of up to EUR 30 million (RON 135 million) to finance its new projects, the company has announced.

Morad Group invests EUR 12 mln in two new Onix Residence blocks

Morad Group, one of the largest real estate developers in Romania, began the construction of two new blocks as part of Onix Residence, the investment being estimated at EUR 12 million.

Rolast Piteşti sold EUR 5 million plot of land to Jumbo retailer

Greek retailer Jumbo paid EUR 5 million to real estate company Rolast Piteşti for a plot of land of 34,000 sq. m situated outside Pitesti, where the retail plans to open a store.

President promulgates `Business angels` law

The decree for the promulgation of the law on the stimulation of individual investors – business angels – was promulgated on Thursday by president Klaus Iohannis, reports Agerpres.

Company managers optimistic on growth

According to a survey conducted by the National Statistics Institute (INS), the managers of Romanian companies estimate that all economic sectors – processing industry, constructions, trade and services – will register growth in May-July 2015.

Romania revises up economic growth expectation

Romania’s National Prognosis Commission (CNP) has revised up its prognosis on Romania’s economic growth in 2015 to 3.3%. It also changed its prognosis for 2016 to 3.4%.

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