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Articles - business environment

Most Active Real Estate Investors in the last 10 Years in Romania

Immofinanz, NEPI, CA Immo, RREEF, IGD, Argo Real Estate and Globalworth were the most active real estate investors in Romania in the last 10 years, their acquisitions representing half of the total value of the transactions concluded starting 2004.

Bucharest House Prices Down by as much as 57 pct since 2008

House prices have dropped all across Romania since 2008, with the highest decline reported in capital Bucharest, according to data released by local property website Imobiliare.ro.

AmCham launches e-booklet for investing in Romania

Business advocacy group AmCham Romania launched on Thursday an e-booklet outlining relevant information on the local business environment, in a bid to raise the profile of Romania as an attractive investment destination.

GfK: Economy growth of between 2.7 pc and 4.3 pc over 2014-2016

Between 2014 and 2016, the Romanian economy is expected to see growth of between 2.7 per cent and 4.3 per cent, the Findings of the GfK Consumer Climate Europe study for the third quarter of 2013 reads.

Romania’s new insolvency code to be enforced starting October 25

The new insolvency code will be rolled out in three weeks time after the government passed it on Wednesday through an emergency government ordinance, in a move which came as a surprise for the consortium working of the bill as it contained a series of fresh provisions, said on Friday Arin Stanescu, president of the National Union of Insolvency Practitioners in Romania (UNPIR), during the first National Insolvency Conference.

Eurostat: Domestic budget deficit down to 3 pc of GDP

The Romanian budget deficit stood at 3 per cent of GDP last year (RON 17.423 bln), down from 5.6 per cent of GDP in 2011 (RON 30.901 bln), 6.8 per cent of GDP in 2010 (RON 35.552 bln) and 9 per cent of GDP in 2009 (RON 45.249 bln), show revised figures made public yesterday by the European Statistics Office (Eurostat).

Coresi Business Park Brasov to extend after signing new lease

Former industrial platform Tractorul Brasov, administrated by Coresi Business Park SRL will invest 3 million euros for the offices of BNP Paribas Romania, the new tenant of the business park.

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