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Office Market News

The real estate investors with EUR 1.9 billion bank credits

The biggest mall and office buildings owners from the local market are also on top of the credit values, the total value of the financing to reimburse by seven of the biggest real estate players raising up to EUR 1.9 billion, according to an analyse of Ziarul Financiar.

Extension in furniture retail: Lemet wants 15 new stores in 2013

The furniture producer Lemet opened 2 new LEM’S stores in Pitesti and Constanta in 2013, and it’s planning 15 openings by the end of the year.

Impact Group to develop a new office project with EU funds

A company form Impact group received EU financing for the construction of 8,000 sqm office project, while the real estate developer puts on hold the extension of Greenfield residential, as the shareholders rejected the project.

Romanian HoneyWood hopes to make EUR 2 mln out of selling prefabricated wood houses in 2013

A wood prefabricated house can be lifted from the ground in up to three days, it is cheaper to build, environmentally friendly and has reduced costs with energy of up to 75 percent, says HoneyWood, a Romanian manufacturer of such buildings who after working in Western Europe for some 10 years has launched local operations this week.

The Residential sector in 1Q 2013: The demand heads to new constructions

Regatta officials said that the demand in the residential sector is heading generally towards new constructions, situated within the city, a good start for the year in the field.

Romania expands income taxation base for non-residents

The taxable income obtained by non-residents in Romania now also include services that are provided abroad, after the government has changed the Fiscal Code in February to accommodate an expansion of the taxation base.

BNR: Monetary policy rate, maintained at 5.25 pc, the highest in the EU

The Board of the National Bank of Romania (BNR) decided to keep the monetary policy rate unchanged at 5.25 percent per annum, a press release informs.

Works for Piata Presei passage could start in two months

The general mayor of Bucharest, Sorin Oprescu, announced that the works for the underground passage at Piata Presei Libere could start in approx. two months and will last for one year, one year and a half.

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