11.25.2016

The Finance Ministry said it proposed raising the guarantee budget for the government-backed mortgage lending First Home program by an additional RON250 million, following requests from the banks more

11.17.2016

Finance minister, Anca Dragu, said Thursday that banks could increase interest rates for old homes bought through government-guaranteed mortgage lending First Home program, but the down payment will more

11.02.2016

Local sales of high-end home appliances manufacturer Miele are headed towards 22 million to 24 million lei (EUR4.9 million to EUR5.32 million) this year, says Loredana Butnaru, the Romanian executive more

09.26.2016

About 45,000 new homes were delivered in Romania last year, on a market dominated by the First Home scheme, where a price of less than EUR60,000 is most important. more

09.14.2016

Italian-held home appliances manufacturer De’Longhi’s application for state aid for an investment of 238 million lei (EUR53 million) is among the 30 turned down by the government out of the 36 more

09.13.2016

Romania’s Finance Ministry has proposed supplementing by RON500 million the guarantee ceiling for the government-guaranteed mortgage lending First Home program. more

09.06.2016

Spain’s Inditex, which has eight brands in Romania, among which Zara, will open its first Zara Home store outside Bucharest on September 8, in City Park shopping mall in Constanta. more

08.31.2016

The budget for the government-backed mortgage lending First Home program will be raised in September and a five-year strategy for the program will be completed in October, so prospective buyers and more

08.17.2016

Home appliances production in Romania could overshoot the EUR1 billion mark for the first time this year if the growth of the business of the plants in the country continues and Germany’s Kaercher more

08.01.2016

Romania's national guarantee fund for SMEs (FNGCIMM) has granted over 21,000 guarantees under the government-backed mortgage lending First Home program in the first half of 2016, up 40% from the same more

07.07.2016

The interest of Romanians in UK for new homes in Romania has driven up real estate websites’ traffic by at least 30% and developers expect to close the first deals. more

06.03.2016

Romania's largest bank BCR, a unit of Austria’s Erste Group Bank (EBS.RO), got additional guarantees of RON88.6 million for the government-backed mortgage lending First Home program, allowing the more

05.30.2016

Last year was the best year of its 14 in Romania for Nestle’s local out-of-home solutions division, Nestle Professional Romania, says country business manager Ovidiu Tunaru. more

05.23.2016

Home appliances manufacturer Arctic exported 1.2 billion lei (EUR266 million) worth of refrigerators and freezers made in its Gaesti plant (southern Romania) last year, an increase of 13.4% on 2014. more

05.18.2016

The guarantee ceiling for this year’s government-guaranteed mortgage lending First Home program was supplemented by RON500 million, according to a decision adopted Wednesday by the government, as more

05.10.2016

Romania’s Finance Ministry has proposed supplementing by RON500 million the guarantee ceiling for this year’s government-guaranteed mortgage lending First Home program, in response to the requests more

04.04.2016

Arctic remained the largest exporter among home appliances manufacturers in Romania in 2015, followed by DeLonghi Cluj and Philips Orastie. more

03.23.2016

Romanians need two-three months to find a new home, similar with the European average, as more and more new homes have been delivered lately, said Razvan Cuc, RE/MAX Romania president. more

03.14.2016

About 4% of the pieces of furniture and home decor products that reach IKEA’s stores throughout the world come from suppliers in Romania, Stefan Vanoverbeke, retail manager of the IKEA group for more

03.10.2016

The disappearance of the government-backed mortgage lending First Home program after the implementation of the law on debt discharge does not represent “a defining element” in Romania, according more

03.08.2016

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03.02.2016

OTP Bank Romania will grant mortgage loans worth RON84 million under the state guaranteed mortgage lending First Home program this year, based on the funds assigned by the national guarantee fund for more

02.26.2016

Insurance companies in Romania kept home insurance tariffs unchanged in 2015, due to fierce competition on this market segment, according to Ziarul Financiar. more

02.26.2016

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02.24.2016

The EUR1.69 billion funds for the government-guaranteed mortgage lending First Home program in 2016 have been entirely assigned to the banks registered in the program, Finance Ministry announced more