03.14.2013

Mortgage loans sold through the ‘First Home’ scheme now account for almost 40% of the total home buying loans, meaning bankers passed 20% of the risk on to the government, which pays half of the more

01.30.2013

Samsung Romania’s household appliance sales climbed 30% last year and the company targets to keep sales steady or even increase them in 2013, Claudiu Lepădatu, the head of Samsung’s home more

12.20.2012

Romania’s new government intends to replace the "First Home" program with the "New Home" one, which will only facilitate the acquisition of new homes. more

12.18.2012

The Romanian state supported “First Home” program will continue next with the state guarantees that were not used in 2012, according to a decision approved by the Government Tuesday. more

12.18.2012

Romanians who bought a home through the state supported “First Home” program from sellers other than real estate developers may use the scheme again to exchange the dwelling for another one, more

12.14.2012

The Romanian Government will continue the “First Home” program in 2013, with additional guarantees of EUR200 million that should last by midyear, according to a decision draft published on Finance more

10.25.2012

Romanian homeowners may insure their homes against earthquakes, landslides and floods either through voluntary or through mandatory home insurance policies, according to new insurance market more

10.19.2012

Home appliances manufacturer Indesit has appointed Michele Casamassima to run its Romanian operations and replace Giuseppe Parma, whose term ended. more

10.17.2012

Credit Agricole Bank Romania on Wednesday said it will increase by EUR4 million the ceiling for loans granted under the state-supported First Home program, following approval by the National Fund more

10.15.2012

The sum insured through voluntary home insurance policies issued by the members of the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) stood at EUR67 billion on June 30, up more

10.15.2012

Romanian insurers are not interested in selling mandatory home insurance policies issued by the Pool of Insurance against Natural Disasters (PAID), discouraged by the low commission they receive, more

10.10.2012

Sales of optional home insurance amounted to 602 million lei (EUR132 million) in June 2011-June 2012, up 32% on the previous year, after insurers promoted such products aggressively motivated by the more

10.09.2012

Romania’s Banca Comerciala Romana has received an additional EUR45 million for the First Home program, which it intends give out as loans in lei as soon as legislation amendments to the program more

09.20.2012

The Bucharest Court of Appeals has suspended, at the request of Astra, the enforcement of an order issued in August by the Insurance Supervisory Commission (CSA) forcing home owners to buy a mandatory more

09.18.2012

Romanian appliances distributor Marelvi eyes a turnover of EUR40 million in 2012, up 10% on the year, fueled by higher demand for premium and incorporated appliance products. more

09.16.2012

Omniasig, Allianz-Tiriac and Asirom - the three major insurers which are not part of the scheme that covers against natural hazards - are negotiating their entry into the shareholder structure of more

09.13.2012

The Romanian Finance Ministry plans to increase taxes paid by owners of two or more buildings and limit exceptions regarding taxes on property, income and profit, secretary of state Liviu Voinea told more

09.11.2012

About 72,000 Romanians have borrowed more than EUR2.8 billion to buy a home through the “First Home” scheme in the last three years, but the money was mostly spent on old apartments, according to more

09.07.2012

Romanian homeowners who want to buy voluntary home insurance to cover damages that exceed mandatory home insurance coverage will sign only one contract, not two, according to the Pool of Insurance more

09.07.2012

BCR and BRD, Romania’s leading banks, got an additional EUR105 million to their guarantee cap for the sale of mortgage loans via the government-backed “First Home” scheme. more

08.08.2012

Romanian insurers will be allowed to issue starting September 1, 2012 voluntary home insurance policies only for sums higher than those covered by mandatory home insurance policies, which range more

07.25.2012

Romanian insurers might be allowed to issue voluntary home insurance policies only for sums higher than those covered by mandatory home insurance policies, which range between EUR10,000 and EUR20,000 more

07.25.2012

Asking prices of most vacation homes put up for sale in Romania exceed EUR100,000, and the highest price is EUR2.9 million for a villa in Domnesti, near capital Bucharest. more

07.03.2012

Romanian state-owned lender CEC Bank increased by EUR11.5 million the guarantee ceiling for the state supported “First Home” program this year, after the bank exhausted the amount initially more

06.06.2012

Romania’s Government on Wednesday decided to increase by EUR200 million the guarantee ceiling for the state supported “First Home” program this year, and the money will be accessed only by the more