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Articles - law and regulations

Law on public-private partnership promulgated in Romania after three years

Romania’s President Klaus Iohannis promulgated yesterday the law on public-private partnership three years after the Government led by Victor Ponta initiated the project.

Survey: Real estate brokers in Romania fear new law on mortgage loans

Over 40% of the real estate brokers believe that housing prices will fall by more than 20% if the new law on mortgage loans enters into force. About 45% think that rental rates will increase by 10-20%.

Finance Minister: Romania can be the investors’ new darling

Romania’s Finance Minister Anca Dragu believes that Romania can become one of the foreign investors’ favorite destinations in Eastern Europe, as the political changes in Poland have eroded the investors’ confidence in this country, until recently the region’s top performer.

Zero-energy buildings in Romania starting December 31, 2020

All new buildings commissioned on building permits issued starting December 31, 2020 will be nearly zero-energy buildings (nZEB), the Ministry of Regional Development and Public Administration (MDRAP) informs in a statement issued on Friday.

New IASB leasing standard to impact real estate, heavy duty machinery and vehicle lessors, says EY

The new leasing standard sent out by the International Accounting Standards Board (IASB) last week will be implemented from 2019 and says that all assets subject to a leasing contract are to be registered in the lessee’s balance sheet, according to a press release from EY Romania.

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