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Articles

Housing, land and car tax on upswing according to updated Tax Code draft

The updated Tax Code draft brings changes regarding the tax on housing which has been increased compared to the document announced last month by increasing the taxable value according to which it is calculated the final payment amount. The new document, dated March 13 and quoted by Mediafax, stipulates a growth of over 6 percent of the taxable value for all types of buildings.

FDI up 23 pct in January to EUR 300 mln

Romania foreign direct investment (FDI) totaled EUR 299 million in January, up by almost 23 percent against the same period last year, when the National Bank of Romania (BNR) announced a level of EUR 244 million, but against the previous month the indicator has slightly decreased, reports BNR quoted by Mediafax.

Carrefour Romania to move headquarters to Green Court Bucharest

Project development and construction group Skanska signed a rent agreement with French retailer Carrefour Romania, for an area of 6,850 sqm in the second building of Green Court Bucharest. The new contract brings the B building an occupancy rate of 61.2 percent.

Radu Dimofte invested EUR 2.5 million in office building downtown Bucharest

The company Wellkept Imobiliare, controlled by the businessman Radu Dimofte, completed the construction of an office building of five stories on Nicolae Balcescu Blvd. downtown Bucharest, across the road from Dalles Hall, an investment of EUR 2.5 million, 50 pct rented.

Cypriots to buy EUR 8 mln assets in Romania, Bulgaria, Greece

Cyprus-based real estate investment company Secure Property Development & Investment (SPDI) attracted EUR 8 million through a public offering of shares, which it will use to buy assets in Romania, Bulgaria or Greece.

Romanian Tiriac Imobiliare buys out partner Riofisa in two retail centers

Real estate group Tiriac Imobiliare has bought the shares owned by Spanish group Riofisa in the two retail centers the two companies are developing under partnership in Brasov and Timisoara, reports local Ziarul Financiar.

Romanian firms up turnovers, productivity, staff with EBRD money

Three quarters of the Romanian small and medium companies (SMEs) which received consultancy from the European Bank for Reconstruction and Development (EBRD) increased their turnovers.

Bucharest retail center sees 9.5% revenue drop

The Bucharest-based retail center Militari Shopping Center recorded last year a 9.5% drop in revenues, down to EUR 5.8 million.

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