Serbia wins more and more investments against Romania, in the context where bureaucracy and high administrative costs diminished the competitivity of the Romanian economy, Rene Schob, partner of the fiscal consultancy company Leitner Leitner says. The statement made by the head of the Romania office of Leitner Leitner draws another signal with regards to the attractivity of Romania which is dropping in the eyes of foreign investors. The consultancy company opened an office in Serbia starting with 1 October, led by Rene Schob as a result of the requests received from his clients to invest in [...]
Interview for Capital: Are you buying a house or are you waiting some more? What a specialist says about the evolution of the real estate prices
The evolution of the real estate market depends on the crisis in Greece, because, if the situation of this country will stabilize and then the banking system will stabilize too so the local market will have money and it will be easier for the people to access loans for investments, says Ilias Papageorgiadis, the CEO and one of the founders of MORE Real Estate Services, a Top 10 company in the Romanian real estate industry. There are three pillars that support the stabilization of the prices in Romania. “One is the State, another one is the National bank and the third is represented by [...]
Romania Will Need Plan B If Greece Exits Euro Zone
Finance ministries and central banks also work with scenarios that consider the exit of Greece from the euro zone and Romania should have a plan B for a prospective bankruptcy of Greece, in which case five banks on the Romanian market would be controlled by a Greek state “on life support,” according to economics professor Daniel Daianu, a former Finance Minister. source: Ziarul Financiar
ZEW Study : Romania continues to have the best economic perspectives in Central and Eastern Europe
Romania continued in September to have the best economic perspectives at six months, from Central and Eastern Europe (ECE) as such countries as Hungary and Poland recorded strong drops in trust, according to the ZEW institute. The indicator measuring the perception of analysts for the next six months went down in the case of Romania by 5.5 points to -5.6 points. Second, but at great distance from Romania is Slovakia with -35 points ( with a decline of 9.4 points). The most important drop was recorded by Hungary with 31.8 points at -47.5 points, the most reduced level among the countries included [...]
Dutch Govt confirms opposition to Romania’s Schengen accession
The Netherlands on Thursday confirmed its opposition to the accession of Romania and Bulgaria to the Schengen Area, according to AFP. 'Our position is clear. We are not in favour of an accession at this moment,' Dutch Immigration Minister Gerd Leers said before a meeting with his 26 counterparts from the other Schengen Area member states, in Brussels.The other members must be confident that the Schengen acquis has been fully implemented by Romania and Bulgaria, especially as regards the fight against corruption and organized crime, he insisted. 'Imagine you have a door with eight [...]
Old residential blocks: What happens if we do nothing and an earthquake knocks our door?
Replying to your questions Part 4 of my reply to Mr Pedro Matos. Hello to everyone. Last week I analysed to you the subject of old residential blocks from many points of view. But today I would like to remind you what may happen to us if we simply do nothing about it. Why is it possible to end up doing nothing for the old residential blocks There is nothing more dangerous than the “power of remaining idle”. Especially in such a sensitive issue like this. Why is it possible to happen this? I can give you plenty of reasons. Because: Politicians may prefer not to “disturb” [...]
What to do with the old residential blocks? Only realistic target: Simply refurbish them!
Replying to your questions Part 3 of the article with title: "Old blocks built during communism: Positive and negative elements of the country’s main residential option". Hello to everyone. One of my constant readers, Mr Pedro Matos, sent me a very interesting question. He is a foreigner living in Romania and asks something that thousands of people ask as well: What will happen with the old blocks of Bucharest? Pedro’s question is here: “Dear Ilias, My question is simple: Do you believe there is a market for refurbishing existing homes and [...]
Easier for all people to quit smoking than for Romania to demolish and rebuild the old residential blocks. It is simple mathematics…
Replying to your questions Part 2 of the article with title: Old blocks built during communism: Positive and negative elements of the country’s main residential option Hello to everyone. One of my constant readers, Mr Pedro Matos, sent me a very interesting question. He is a foreigner living in Romania and asks something that thousands of people ask as well: What will happen with the old blocks of Bucharest? Pedro’s question is here: “Dear Ilias, My question is simple: Do you believe there is a market for refurbishing existing homes and apartment [...]
Q: How did 2012 start for the residential market in Iasi?
Dan Mihoci: The real estate market is headed towards normalcy, without “sentimental” pretentions of the seller or unfounded requests from buyers with an evident need for consultancy, for both buyers and sellers. Despite the bad weather and the economic and political instability, the real estate market is an interesting chapter for everyone.
Q: In 2011, the year started with a high level of interest but few transactions. How did the market evolve ... 
