Romanian Real Estate News – 03/01/23

Romania real estate news


The degree of illegality in the issuance of documentation – building certificates or permits – was extremely high at the level of the Bucharest City Hall, and the State Inspectorate in Constructions (ISC) is an institution that does not work, the general mayor of the Capital, Nicusor Dan declared on Tuesday (Jan. 3), Agerpres reported. “As evidence now, in terms of the permits issued by the previous administration, 50 percent of lawsuits end with the cancellation of the authorization” Dan told a press conference. The general mayor also announced the unblocking of the Urban Plan revised agreement.


Real estate developer Belgian Atenor has signed a contract regarding its intention to sell the office compound @Expo of Bucharest’s Expozitiei area to Adventum Group, Ziarul Financiar reported on Tuesday (Jan. 3).


Bucharest-listed Real estate developer Impact Developer & Contractor notified the Bucharest Stock Exchange (BVB) on Friday (Dec. 30), that its second largest shareholder Adrian Andrici’s stake had dropped below 15% to 13.11% on July 27, 2022.