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Demand for residential building permits goes up in Romania

The number of residential building permits issued in Romania increased by 1.9% in the first five months of the year compared to the same period in 2014, reaching 14,185, according to the National Institute of Statistics.

NEPI expands Severin Shopping Center

Real estate investment fund New Europe Property Investments (NEPI) announced today the expansion of the Severin Shopping Center mall.

Romania’s Tax Institution nudges companies to submit financial statements

Romania’s Tax Institution ANAF could ask the Trade Registry’s Office (ONRC) to deregister companies that exceed the deadline for submitting their financial statements by more than 60 days.

Romania’s minimum gross wage increases to RON 1,050 in July

Following a Government decision that entered into force in December 2014, the gross minimum wage will increase in July from RON 975 to 1,050 (EUR 218 to 235), shows a Mediafax article. This is the second rise this year, after in January the guaranteed gross minimum salary was increased from RON 900 to 975.

Workplace in hub versus individual office – how we choose them and 20 pct off price for Flash Office during summer

According to a study of Flash Office Solutions, in the first six months of 2015 approx. 65 pct. of the entrepreneurs renting instant offices in Bucharest have chosen a workplace in hub and 35 pct aimed an individual office.

Top of Bucharest commercial centres: Baneasa, AFI and Unirea leaders according to rent

The 16 commercial centres in Bucharest have a total area of 1 million square meters and have exploitation incomes of 800 million lei/year. Mall sales represent 5.3 billion lei per year.

Developers are paying up to EUR 3,000/sq. m for plots in downtown Bucharest

The investment funds interested by the opportunities offered by the real estate market in Bucharest are purchasing plots exceeding 1,000 sq. m in central areas with prices between EUR 1,200 and EUR 3,000/sq. m, according to the representatives of the real estate agency Palace Estate.

Number of insolvent companies drops by more than half in Romania

Almost 5,000 companies became insolvent in the first five months of the year. The number decreased by more than half (57%) compared to the same period last year.

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