Ilias Papageorgiadis' blog» Ilias Papageorgiadis

The list of RA – APPS properties for public tender

Ilias Papageorgiadis — Wed, 22 Feb 2012 16:00:29 +0000

The Autonomous Administration of State Patrimony published a list of properties which are offered through public tender. Below you will find the list and I remind you that I’m waiting for the day when all these properties (plus more that belong to the State) will be properly presented through a website, with photos and everything else that an investor needs, in order to decide if they should bid or not. To find out more: http://ra.apps.ro/prezentare/ No. PROPERTY STARTING [...]

Investing in Wind Energy: 10 “obvious” issues that some investors tend to underestimate

Ilias Papageorgiadis — Wed, 22 Feb 2012 06:00:27 +0000

2012 is definitely the most interesting year in the short history of the Romanian Green Energy sector. There are many out there who compare it with 2007 and the Real Estate sector back then. Foreign investors show high interest indeed, but they are much more cautious now compared to the past. The era of “buy now, check later” is history. Nowadays everything is verified in advance, thoroughly and carefully. Let us take the example of the Wind Energy segment, the most dynamic one at the moment. It has attracted the interest of several big companies and investment funds, but there [...]

The latest Greek joke about jobs…

Ilias Papageorgiadis — Tue, 21 Feb 2012 16:00:58 +0000

A guy has 1 PhD, 2 Masters, plus he graduated from university with the highest mark. Trying to find a job, he goes to the most crowded commercial boulevard of Athens, the famous Ermou street (the second most expensive in Athens, in the top 20 in the world, once no.6 most expensive in the world). He enters a shop and goes to the owner: - “Hello. This is my CV. I would like to be hired in your company” - “Are you sure?” - “Of course.” - “Ok, you can start tomorrow. You will be working 4 hours per day. You will have a salary of 3.000 Euro [...]

“Prices are rising”. Aren’t you tired of playing the same game for the last 4 years?

Ilias Papageorgiadis — Tue, 21 Feb 2012 08:03:49 +0000

Since 2009, every year we play the same “game”. Once or twice per year, some “market players” explain why the prices are expected to rise this year. As people are always ready to believe whatever flatters their ear, for a few weeks the asked prices rise. Then reality comes crashing in and destroys all these theories. Prices drop lower than they were before and in a few months’ time the same people appear in the media and retell the same story. The situation remains the same: · Everyone is waiting for [...]

The Romanian Real Estate market 2012. Walking in the middle of a snow storm, wearing sunglasses…

Ilias Papageorgiadis — Tue, 07 Feb 2012 09:30:31 +0000

2012 brought us one of the coldest periods we have had in Romania during the last decade. But this is one of the few changes that we have experienced. Most of the key factors that create the business environment in Romania remain the same: · The European economy may return to recession, thus Romania will be influenced as well. Even if the country has exited the worst part of the crisis, the economy cannot be considered as “rising”. · The Romanian people decided to [...]

TAX ALERT! Certification of the non-deductibility of VAT

Ilias Papageorgiadis — Wed, 01 Feb 2012 16:00:23 +0000

The following memo was sent to me a few days ago from Baker Tilly Klitou, one of the most important accounting firms in Romania, in regards to the no.33 Order on the 11th of January 2012 for certifying the statement regarding the non-deductibility of VAT related to expenses. The document listed below is a step-by-step explanation of the Order which I think warrants a careful analysis. I think that this information is worth your attention. “Certification of the non-deductibility of VAT related to expenses recorded in reimbursement requests submitted to the management authority Official [...]

Romanian Real Estate 2007 vs. Romanian Green Energy 2012. 5 major differences between 2 “golden periods”

Ilias Papageorgiadis — Thu, 26 Jan 2012 09:02:17 +0000

Last week I participated at the “Wind Power Romania” event, one of the most important conferences for Green Energy in Romania and the Balkans. I was impressed by the quality of speakers and their presentations. I consider it a “training” by some of the top experts in Green Energy today in Romania and Europe. It was clear that the interest is very strong for Romanian Green Energy, especially in the wind and solar segments (hydro and biomass will move as well, but not as fast). Hundreds of investors want to enter the market, reminding me sometimes of the “golden [...]

2012 – 2013: The years that will seal our lives. Forever

Ilias Papageorgiadis — Mon, 16 Jan 2012 08:41:40 +0000

(The first article of this year on my blog was scheduled to be about Romania. But I will wait a bit, in order not to enter in the political discussions of this period). 2012 has started and after the celebrations of the first days, everyone realized that it will be a really difficult year. People continue making the mistake of considering that it is the “Greek problem” that needs to be solved. But the truth is far more complicated… Most of European countries are in trouble · The German economy is reported to be [...]

9 new RETAIL projects for the years to come

Ilias Papageorgiadis — Wed, 21 Dec 2011 13:37:28 +0000

Merry Christmas everyone! 2011 is about to end so this seems like a good moment to draw the line and look at the present situation in Romania. It appears that the period of decline has ended and there is cause for sustainable growth in the up-coming months and years, although the country still faces challenges in the future. One thing is clear: the only segment in Romania that is really advancing is RETAIL. The conclusion is that when someone knows what he wants to do and is well prepared, Romania gives him the opportunity to develop a successful project. Below you will find a list of [...]

MORE Green Energy finishes 2011 with one more transaction

Ilias Papageorgiadis — Thu, 15 Dec 2011 10:29:28 +0000

5 MW of Solar signed, in negotiation for more projects, in all Green Energy sectors. As 2011 is about to end in a few days, MORE Green Energy continues its active work in the Romanian Green Energy market. Last week the company participated in the transaction for one more project with a capacity of 5 MW Solar Energy. The project is located in the Southern part of Romania and it is expected to be constructed during 2012. But this is not all. Right now the company is in advanced negotiations for more Green Energy projects. “We are verifying the last details for 3 wind projects that [...]