Investors from Austria, the Czech Republic and Hungary are at the top of those who chose commercial real estate properties in Romania in 2021 with approximately a third of the acquisitions, shows an analysis made by Fortim, member of BNP Paribas Real Estate Alliance.Thus, last year, the Austrian companies bought in Romania real estate assets (offices and retail space) worth 323 million euro, while investors from the Czech Republic invested 173 million euro and those from Hungary 150 million euro. Fourth in the top are domestic investors, through companies with Romanian shareholders which acquired real estate assets worth 119.55 million euro. Among the big Romanian investors who compared to foreign investor are Dedeman and the company One United Properties. For this year, an investment fund from the Czech Republic analyses the development of a new project, worth some tens of thousands of square metres of offices in Bucharest, in the central area, say the analysis makers.According to the quoted source, at the level of Europe, in the spring of 2020, the majority of foreign investors postponed their transactions until Europe reopened. During the whole year, until Q1 2021 foreign investments dropped by 38% against the same period of 2020, but later the situation improved.Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance in Romania is a company for real estate consultancy set up in 2002.
Călin Georgescu, the far-right, Russia-friendly politician who surprisingly emerged as the first-round winner of last year’s annulled presidential elections, officially submitted his candidacy for the repeat presidential election on Friday, March 7. Outside the Central Electoral Bureau (BEC) headquarters in Bucharest, supporters gathered to chant...
Romania’s anti-fraud agency ANAF will look into roughly 23,000 individuals who have earned income from renting properties for tourism purposes through online platforms such as Booking.com and Airbnb, according to finance minister Tanczos Barna. Individuals identified in this situation will receive compliance notifications, and anti-fraud inspectors will initiate audits where necessary. While obtaining such information […]
The Circular Catalysts program, an initiative of the British Council in partnership with the Romanian Cultural Institute, is making a return to Romania with the reopening of its documentary exhibition at the Museum of History and Ethnography in Târgu-Neamț. Running from March 7 to May 11, the exhibition showcases collaborations between Romanian and British designers, […]
Bucharest general mayor Nicușor Dan submitted his candidacy for the 2025 presidential elections on Friday, March 7, the first to do so among the announced candidates. He is running as an independent, and was assisted by volunteers to gather the necessary signatures. The 2025 presidential elections will take place on May 4 (first round) and […]
Brașov city officials are considering a proposal from a German company that aims to set up a Treetop Walk in the up-and-coming mountain city. It would be the first of its kind in Romania. The company's representatives made a first presentation of the concept on Thursday, March 6. The initiative aims to develop sustainable tourism […]
Romania is making progress year by year in reducing gender inequalities in the labor market. However, the wage gap remains over 20% in 2024, according to the "Gender Pay Gap" analysis conducted by PwC Romania based on data collected from the Paywell 2024 survey. The gap is calculated as the ratio between the average salary […]
