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Romania to reduce tax on dividends starting January 1 next year

The ruling coalition has decided to apply several measures of the new Tax Code starting January 1, 2016, although they were initially planned to be implemented later, said Prime Minister Victor Ponta.

Hornbach invests EUR 12 mln in opening new Sibiu store

DIY retailer Hornbach has opened a sixth store in Sibiu following a EUR 12 million investment, the company announced. In close proximity to the Sibiu North highway, the new unit replaces an OBI store which was bought last year and spreads over 12,000 sqm.

Pazo makes first step in the real estate development market in Romania

The owners of Pazo group, specialized in ceramic tiles and sanitary items distribution, intend to enter the real estate segment, considering the revival of the segment.

Octagon: The office market development will generate an increase of the residential request

The construction company Octagon, controlled by the businessmen Alexandros Ignatiadis and Paschalis Paganias, estimates for this year a turnover of nearly EUR 30 million, with 130 pct higher compared to 2014.

Galon: Residential market in Romania still awake, but the office market is overloaded, developers are stealing clients

The residential market is awake, the land owners which have waited for a long time are now beginning to understand the value of the lands they thought unprofitable, has declared for Profit.ro, Shimon Galon, former head of the real estate developer GTC Romania. In return, the office market is overloaded, and the developers are stealing clients from old buildings.

Romanian economy sees moderate growth after 2014 slowdown, says Coface

Following a sharp slowdown in 2014, there should be a slight improvement in economic activity and moderate growth in 2015, according to a study by credit insurance company Coface.

Regus open doors week: 19th – 23rd of October

You wish to stop working from coffee shops, but still taste a good coffee?

Companies in constructions and real estate have the highest credit risk

The companies active in the constructions and real estate sectors still have the highest credit risk, the underperforming loans rate reaching 24 pct in the end of June.

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