04.15.2015

BCR and BRD, the top two banks in Romania by asset size, have granted over 55% of the 130,000 loans approved since the launch of the First Home scheme, in 2009. more

03.25.2015

Romania produces just half a billion lei worth of detergents a year and over 80% of the market is concentrated in the hands of only nine players out of a total of 201 companies. Moreover, the market more

03.13.2015

US group Whirlpool started integrating Italy’s Indesit for which it paid $1 billion last year and Jeff Fettig, the chief executive officer of the newly created giant, states this means rising more

03.04.2015

Homeowners who are beneficiaries of the government-guaranteed mortgage lending First Home program will be allowed to buy a bigger or more expensive home under the program, according to a draft more

03.03.2015

Romanian lender Banca Romaneasca, member of National Bank of Greece group, estimates it will grant mortgage loans worth RON124 million under the state guaranteed mortgage lending First Home program more

02.19.2015

CEC Bank will be able to grant loans totaling RON735 million this year under the state guaranteed mortgage lending First Home program, the bank said in a statement Thursday. more

02.16.2015

BCR, Romania's largest bank by assets, has been assigned a guarantee cap of RON490 million for the First Home program and estimates it will grant over 7,500 mortgage loans under the program, the bank more

01.29.2015

The halving of the interest rates and the halt of the crisis impact on home prices are driving up residential property transactions, with statistics indicating a rise in sales of leu mortgage loans more

01.14.2015

Romania's government will discuss a bill in February amending the First Home program to include homeowners who want to buy bigger homes if they sell their current property. more

01.14.2015

This year's government-guaranteed mortgage lending First Home program will have a maximum guarantee budget of RON2.5 billion plus funds left unused last year, the government decided Wednesday. more

01.14.2015

Banks will be able to grant more than 30,000 loans via the First Home scheme in 2015 if the government allocates a 2.5 billion lei (EUR557 million) cap as announced at the beginning of the year. This more

01.09.2015

In an attempt to lure as many customers as possible banks are now offering mortgage loans with fixed interests for seven or ten years, thus taking the first step towards loans free of interest risk more

12.18.2014

Romanians benefited this year of around 25,000 state guarantees on mortgage loans under the First Home program and received total loans of EUR900 million. more

12.16.2014

Network One Distribution (NOD), Romania’s largest IT&C distributor, in 2010 launched its own electrical home appliances brand Heinner and expects sales worth 90 million (EUR20 million) for it in more

11.19.2014

French-Belgian retailer Cora, which operates a 12-hypermarket network in Romania and holds the coradrive.ro service at cora Lujerului store, will start home deliveries in December, after concluding a more

11.18.2014

Daily, between 3,000 and 4,000 orders for pizza are placed in Bucharest, from home or from restaurants, each including three pieces on average, according to market information. The top players, more

11.12.2014

Romanian lender Banca Comerciala Romana (BCR) received additional guarantees for First Home mortgage lending program worth 138 million lei (EUR33.40 million), the bank said Wednesday. more

11.03.2014

Home appliances manufacturer Arctic, based in Gaesti, Dambovita County in southern Romania, will hire almost 200 people in January for a total of 2,700. The company will thus continue the hiring it more

10.23.2014

The raising of the guarantee budget for First Home government-backed mortgage lending program provides funds for 5,000 potential beneficiaries by the end of the year, according to Romania's national more

10.22.2014

Danish furniture and home décor retailer JYSK will open three stores in Romania by yearend, after it has added seven new units to its network so far this year. more

10.21.2014

The guarantee budget for the government-backed mortgage lending First Home program has been raised by an additional RON400 million. more

10.09.2014

Romanian lender Banca Comerciala Romana (BCR) already used the additional guarantees obtained for First Home mortgage lending program following the reassignment of government funding, after the bank more

10.06.2014

Romanians living abroad on work and residency permits will be able to buy homes in Romania through the state-guaranteed mortgage lending First Home program, under a guarantee budget of RON25 million more

09.29.2014

Romanian lender Banca Comerciala Romana (BCR) may grant loans totaling RON136 million under the First Home mortgage lending program following the reassignment of government funding for the program, more

09.22.2014

Romania's government has reassigned funding left unused from the RON500 million guarantee budget for housing built by the National Housing Agency (ANL) under the "First Home" mortgage lending program more