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Number of building permits, down by 14.6% in Romania

The number of building permits for residential buildings in Romania dropped by 14.6% in January to 1,429 compared to the same period in 2015.

Martin Slabbert put on the market new investments fund registered in the British Virgin Islands

South-African Martin Slab­bert, who brought the investments fund NEPI on the list of largest real estate investors in Romania, re-enters the real estate industry with joint venture dedicated to CEE markets.

Number of insolvencies down in January, but many companies suspend activity

A number of 662 companies filed for insolvency in the first month of this year, down 28.82pct compared to the same month of 2015, show the data with the National Office of Trade Registry (ONRC).

Romanian Finance Minister: Minimum wage goes up in May

The minimum wage will increase to RON 1,250 (EUR 280) starting May 1 this year, like previously announced, said the Finance Minister Anca Dragu.

FotoNation, new tenant of AFI Park brings occupancy rate to 60 pct

AFI Park 4&5 office buildings owned by AFI Europe România reached 60 pct occupancy rate after the signature of a lease agreement with FotoNation, a TESSERA company, with activity in the field of computing imaging.

Swiss media group could buy Romanian real estate portal

Swiss media group Ringier is in negotiations for acquiring the local real estate classifieds portal Imobiliare.ro, according to market sources cited by local Ziarul Financiar.

NEPI refurbishes its Braila Mall and expands it by 2,450 sqm

New Europe Property Investments (NEPI) has started works of expansion and refurbishing on its Braila Mall, according to a company press release. With a delivery date set for the end of 2016, works currently carried out will take the shopping center’s total leasable area to 57,250 sqm.

Individual real estate developers in Romania to be taxed as PFA for their revenues from transactions

Real estate developers which are individuals will be taxed with 16 pct, as the independent activities, apart from 2 pct or 3 pct on the sale price, according to the modification proposals of the Fiscal Code, debated by the Ministry of Finance.

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