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Articles

Foreign direct investments reach EUR 2.5 bln in Romania in 9 months

The foreign direct investments in Romania were EUR 215 million in September increasing the total for the first nine months of this year to EUR 2.51 billion.

New property tax system expected to raise office demand by 25 pct

The new tax system for homes used as firms, whether they are apartments or villas, applicable starting next year, could result in an increase of approximately 25 percent in the demand for spaces in office buildings, according to a study real estate company Regatta.

Romania’s GDP goes up 1.4 pct in Q3, largest increase in Europe

According to data released by the National Institute for Statistics (INS), Romania saw a 3.7 percent increase of the GDP during the first nine months of 2015, the same level registered during the first half of the year. During the third quarter GDP indicated a 3.6 percent rise over the same period of the previous year.

Property tax for companies’ headquarters and offices to increase up to 2,500 pct

Property tax for buildings hosting company’s offices will go up next year in some cities to 2,500 pct. compared to the current one, according to a study completed in the main 50 localities which had already drafted the local council decisions.

Who is Romania’s entrepreneur of the year in 2015?

Levente Hugo Bara, the owner of the Supremia food ingredients producer, won the EY Romanian Entrepreneur of the Year 2015 award. He will represent Romania in the EY World Entrepreneur of the Year competition that will take place in Monte Carlo, in June 2016.

Papalekas owns half of the Romanian `City`

Globalworth, founded and controlled by the Greek businessman Ioannis Papalekas, bought with EUR 47 million the second building within Green Court Bucharest office complex from the Sweden’s Skanska.

New Huawei center in Romania after political situation stabilizes

Chinese telecommunications equipment producer Huawei plans to open a new global support center in Romania, most probably in Timisoara, but the project is currently on hold until the political situation in the country stabilizes, according to the company’s representatives.

Construction works pick up pace in September

In September 2015, the volume of construction works increased over the previous month, both as gross series (13.7 percent) and as adjusted series (0.7 percent), show data released by the National Institute for Statistics. In August the volume of construction works had shown a smaller rise in gross series, of 5.2 percent, while adjusted series decreased by 0.4 percent.

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