Archive » July 2010 » 05 July 2010 The english news from 05 July 2010

  • Real estate developers are bringing low cost offers to the table. How much the built square meter costs now

    To stop having empty homes real estate developers are starting to come out with "low cost" offers. Prices have started to go down to under 1000 Euro/square meter. With hundreds of new homes "in stock", real estate developers are determined to get rid of the empty apartments this summer, not through marketing campaigns but price reductions, to under 1000 Euro per square meter.…

  • Isarescu: Inflation rate to reach 8 pc by year's end

    If this year's inflation target was of 3.5 per cent +/- 1 per cent, now, National Bank of Romania (BNR) Governor Mugur Isarescu says inflation rate will be of around 8 per cent instead, to be incorporated in the agreement struck with the International Monetary Fund (IMF). Addressing a specialized forum, the BNR governor said that, although the new rate is not the latest BNR projection, it has nevertheless been conveyed to the IMF…

  • IMF mission to come to Bucharest on July 26

    An International Monetary Fund (IMF) mission headed by Jeffry Franks will come to Bucharest on July 26, for a new assessment of Romania's economic evolution. IMF representative for Romania and Bulgaria Tonny Lybek announced on Monday that the mission will be in Romania between July 26 - August 4, and talks with Romanian authorities will focus …

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