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Archive for 'Law & finance'

Summer hot prices for land plots around Bucharest

It’s been a long, hot summer…no, not for the UK, as we’ve seen some sunshine only in September. It’s been a long hot summer for Romania, with temperatures over 40 Celsius for a good few weeks.
I come back, after the rather long pause, apologies, with a hot subject – land! Land in Bucharest, land […]

Buy-back purchase provides a new alternative for the real estate market

During the Sphera Housing Estate Fair, held between 12 and 15th of April 2007, the real estate developers aggressively promoted a new method of buying a property known as Buy-Back. The alternative is trying to accommodate the current Romanian estate market: a buyer pays a deposit and provides his/her existing apartment as a final payment […]

Properties in the historical area of Bucharest

Recent months have seen several attempts of the Bucharest officials to start rehabilitating the historical area of Bucharest (which, due to the demolitions from the communist era, is only a few hectars in size). Various projects are looked at and, due to the unclear status of some of the buildings in the area, a resolution […]

The Romanian banking system - online banking and charges

The banking system in Romania is not there yet. As an example, the on-line banking system, so well known and used by most Europeans, is still in its early stages in Romania. According to the GFK Group, only 1% of the Romanian users of financial services use the internet banking. The lack of online banking services […]