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Articles

Mulberry Development to start first development phase of ISHO project in Timisoara

Mulberry Development is to start the first development phase of the ISHO project in Timisoara’s Take Ionescu area. The developer received the first building permissions and will soon start building the largest real estate project in Timisoara.

Real estate consultants expect surprise transactions on office and retail markets in 2017

Romania will still be a success story in real estate in 2017, as 2017 is expected to bring interesting volumes and nice surprises concerning the active investors, with focus on offices and retail, new names being expected to show on the local market, according to real estate consultants.

Romanian economy set to grow slower this year, says business persons survey

Over a half of the business people from Romania estimate that the economy will continue to grow in 2017, but more slowly than in 2016, based on the moderate internal consumption and the increase of the external risks, according to a survey of KeysFin.

Salaries in call centers increase by 10-12% in Romania, 22% in Bucharest

Salaries in call centers and service centers increased by 10-12% in Romania last year, and by 22% in Bucharest.

Sale of properties under EUR 100,000 won’t be taxed anymore in Romania

The sale of houses and plots will be exempt from taxes if their value is up to RON 450,000 (EUR 100,000).

2016, year of growth on the office market: three times more office buildings deliveries in Bucharest , transactions 20pct up

2016 was a good year for the office rentals market. Following five years with office deliveries at lower level of maximum 125,000 sqm, registering in 2015 a minimum low of the last ten years – 85,000 sqm, 2016 registered three times increase of the new spaces offer, with 280,000 sqm.

Romania to exempt firms doing R&D from profit tax, to redefine tax regime for microenterprises

The government approved on Friday amendments to Romania’s Fiscal Code, changing the taxation regime for microenterprises and offering certain fiscal facilities for companies that are focusing on research & development (R&D) activities.

Romanian company invests EUR 3 mln in new luxury dental clinic, buys EUR 1 million building in Piata Victoriei

Local company DentalMed, which is active in the private dental care market, will open its second luxury clinic in the second half of 2017.

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