Residential properties’ prices to stagnate in Romania as Prima Casa is phased outThe prices of the residential properties will stagnate next year, as the programme of state guarantees Prima Casa is phased out, according to a research conducted by real estate consultancy firm RE/MAX Romania in partnership with real estate platform imobiliare.ro. The research admits that the demand is rising, though. As demand invigorated, house prices rose in Bucharest and regional centers: Cluj-Napoca (by less than 1% to an average of 1,500 euros / sqm), Iasi (+2.9%, from 1,016 euros / sqm to 1,045 euros / sqm), Timisoara (+0.3%, from 1,200 euros / sqm to 1,204 euros / sqm). By 2022, particularly the properties located in key areas of the first-tier cities will increase significantly, according to the research. The government will reduce by 25% the guarantees extended under Prima Casa, a programme that has played a key role in the residential real estate market but also for the financial intermediation. On the upside, the ROBOR benchmark market interest rate, at least for the 3-month maturity, is expected by the authors of the research to remain below 3.5%.

Residential properties’ prices to stagnate in Romania as Prima Casa is phased outThe prices of the residential properties will stagnate next year, as the programme of state guarantees Prima Casa is phased out, according to a research conducted by real estate consultancy firm RE/MAX Romania in partnership with real estate platform imobiliare.ro.  The research admits that the demand is rising, though. As demand invigorated, house prices rose in Bucharest and regional centers: Cluj-Napoca (by less than 1% to an average of 1,500 euros / sqm), Iasi (+2.9%, from 1,016 euros / sqm to 1,045 euros / sqm), Timisoara (+0.3%, from 1,200 euros / sqm to 1,204 euros / sqm).  By 2022, particularly the properties located in key areas of the first-tier cities will increase significantly, according to the research.  The government will reduce by 25% the guarantees extended under Prima Casa, a programme that has played a key role in the residential real estate market but also for the financial intermediation. On the upside, the ROBOR benchmark market interest rate, at least for the 3-month maturity, is expected by the authors of the research to remain below 3.5%.

Dec 8, 2018

The prices of the residential properties will stagnate next year, as the programme of state guarantees Prima Casa is phased out, according to a research conducted by real estate consultancy firm RE/MAX Romania in partnership with real estate platform imobiliare.ro. The research admits that the demand is rising, though. As demand invigorated, house prices rose...

Boxes of Hope bring joy to Romanian youngsters

Boxes of Hope bring joy to Romanian youngsters

Dec 7, 2018

Volunteers from Boxes of Hope Cumbria have begun distributing thousands of boxes to kids in the village of Hetea. Boxes of Hope has supported employment of kindergarten teacher in the past, says NWEMail.co-uk.   The old kindergarten is a long walk from the village so this year it has contributed to refurbishing a building in the centre of the community to...

EUR 355 mln European project to develop water infrastructure in two Romanian counties

EUR 355 mln European project to develop water infrastructure in two Romanian counties

Dec 6, 2018

A new European project worth more than EUR 355 million, which targets the development of the water and wastewater infrastructure in the counties of Cluj and Salaj, is ready to kick off after the authorities signed the financing contract, according to Romania-Insider.com. Most of the money, namely 85%, will come from the European Union, while the state and...

Start-up Nation 2018 programme resumes after mid-December

Start-up Nation 2018 programme resumes after mid-December

Dec 5, 2018

Romania’s Business Environment Ministry announced that the second edition of the Start-Up Nation programme will open in the second decade of December 2018 on the aippimm.ro website, according to Romania-Insider.com. The state will give RON 200,000 (EUR 43,000) to each recipient – newly established small or medium-sized...

KFC invests EUR 900,000 in a new restaurant in Alba Iulia

KFC invests EUR 900,000 in a new restaurant in Alba Iulia

Dec 5, 2018

Fast-food restaurant chain KFC Romania will inaugurate its first unit in the city of Alba Iulia. The KFC restaurant in Alba Iulia, located on the ground floor of the Alba Mall, is the brand’s 74th location nationwide, and the result of an investment of approximately EUR 900,000, according to Business-Review.eu. It is built on an area of ​​400 sqm, with a...

eMAG becomes the second Romanian unicorn

eMAG becomes the second Romanian unicorn

Dec 4, 2018

Romania has a second unicorn after UiPath, as eMAG has been evaluated at over USD 1 billion by its main shareholder Naspers. eMAG CEO Iulian Stanciu told Business Review that this was a goal he had set for the company from the very beginning. According to Iulian Stanciu, CEO and minority shareholder of eMAG, the business is evaluated every year by...