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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.

Ioan Niculae founds a Romanian investors association

The president of Interagro, Ioan Niculae, initiated, together with other local businessmen, a Romanian entrepreneurs association, to gather for the first time on 17th of April, informs Realitatea TV.

Construction permits for residential - 2.5% growth in the first two months

The National Institute of Statistics announced a raise of the number of the construction permits for residential projects in Romania to 3,824, with 2.5% growth comparing to the similar period of 2012.

2012 Incomes for the Real Estate Brokers in the Residential Field

The number of transactions closed by brokers increased last year, even if for almost a quarter of them, there were months with no revenue, and the minimum gain reduced to EUR 500.

Dănuţ Prisecariu to open EUR 27 million mall in Botoşani

Dănuţ Prisecariu, a local businessman from Iași, the developer of Moldova Mall (Iași), with actives in the hotel industry, opens Uvertura Mall in Botoşani, with 80 stores.

62 million sq m managed by CBRE around the world participated in WWF’S EARTH HOUR 2013

CBRE Group, Inc. (CBRE) announced today that 3.5 million tenants in more than 62 million square metres (665 million square feet) of commercial property it manages for clients participated in WWF’s Earth Hour 2013 globally.

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