Blog

Registration and residence permits in Romania

13 April 2021 • Article

If you plan to stay within Romania after the 90 day term of the long stay visa, you need to obtain a residence permit. Residence permits are granted by the General Inspectorate for Immigration within the Romanian Ministry of Administration and Internal Affairs. | BLISS Imobiliare

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New rules for prevention and combating money laundering

8 April 2021 • Article

Order no. 37/2021 approving the Norms of Application of the provisions of Law no. 129/2019 on the prevention and combating of money laundering and terrorist financing entered into force on 9 March 2021, thus repealing the existing rules of application. | BLISS Imobiliare

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The pandemic highlighted the critical role of a building

8 April 2021 • Article

Project developers and owners are becoming more concerned about safety and sustainability, in the context of the past year that has shifted perceptions and plans for the future. In the past six months, 14 projects have registered for WELL Health-Safety Rating certification. | BLISS Imobiliare

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Coming/travelling to Romania-General Inspectorate for Immigration Romania

27 March 2021 • Article

Short-stay visa allows you to request entry on the Romanian territory for reasons other than immigration, for an uninterrupted stay or for several stays whose duration should not exceed 90 days within any period of 180 days preceding each day of stay in Romania. | BLISS Imobiliare

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How to calculate taxation on rental revenues in 2021

22 March 2021 • Real estate

The year 2021 welcomes us with an avalanche of fiscal changes, some of them with a major impact on the revenues of companies and individuals. This article will present you the way to calculate the taxation on rental revenues according to the 2021 regulations.| BLISS Imobiliare

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Cryptocurrency exchanges in Romania

22 March 2021 • Article

The trading of the Cryptocurrency in Romania and by Romanian companies has been an area where there were many uncertainties. We have been asked to examine and advise for local companies as well as companies from countries where there are established markets and trading. | BLISS Imobiliare

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Rules published for the sale and purchase of agricultural land

22 March 2021 • Article

On 8 February 2021, Joint Order of the Ministry of Agriculture, the Ministry of Development, the Ministry of National Defence and the Ministry of Culture no. 311/94/M.12/3.525 was published approving the rules for the sale and purchase of agricultural land. | BLISS Imobiliare

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Sale-Purchase of Agricultural Land Located Outside Build-Up Areas

12 March 2021 • Article

Further to the approval of Law no. 175/2020, amended and supplemented by the GEO no. 203 of November 23, 2020, the legislation regulating the purchase and sale of agricultural land located outside built-up areas has been subject to some significant changes lately. | BLISS Imobiliare

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Bucharest is most congested city in the world by hours lost in traffic

12 March 2021 • Article

Bucharest is the most congested city in the world based on the number of hours its residents lose in a year due to congestion, according to the 2020 Global Traffic Scorecard published by INRIX, a provider of transportation analytics, and presented by Hotnews.ro. | BLISS Imobiliare

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Alesonor obtains the PUZ for Amber Forest

9 March 2021 • Article

Alesonor, the developer of the green residential complex Amber Gardens, obtained the PUZ for Amber Forest. The first green suburb in Romania, Amber Forest, includes over 500 green villas and 200 green apartments, with only 15% of the built area and the lowest land use coefficient. | BLISS Imobiliare

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Amazon opens three new offices in Romania and creates 500 jobs

9 March 2021 • Article

Amazon, with 2,500 employees in Romania announced it is preparing to add by the end of the year another 500 permanent roles available in its offices in the country and intends to open a new office in Timisoara and two more in Iasi. | BLISS Imobiliare

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ROMANIAN COMPANY ADMINISTRATORS LIABILITY 04022021

4 February 2021 • Investments

For administrators, the liabilities of the Administrators and the officers arise when they fail to open the insolvency proceedings, or they allow the company to trade whilst insolvent. If the insolvency proceedings are not opened when they should be then there is potentially both criminal and civil liability. | BLISS Imobiliare

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Bucharest City Hall to suspend most Zonal Urban Development Plans

26 February 2021 • Article

Bucharest's General Council tabled for February 26 a decision to suspend the Zonal Urban Development Plans (PUZ) in five of the city's six districts. This measure has raised many concerns among local developers that see their projects at risk. | BLISS Imobiliare

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The New Roaring 20s

24 February 2021 • Article

We have just started a new decade and I am convinced that the next 10 years are a great challenge, but also a great opportunity, perhaps one that Romania has not had for a very long time. | BLISS Imobiliare

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BLISS eyes in the SKY | Oxford Gardens Pipera | 2021

16 February 2021 • Real estate

Oxford Gardens Pipera is one of the most requested residential complexes with new expat families moving to Bucharest. Especially families with children attending the American International School of Bucharest AISB which is situated opposite, just 5 minutes walking, the Oxford Gardens compound. | BLISS Imobiliare

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The City Reports

22 February 2021 • Article

We are pleased to present The City Reports covering key trends in the economy and recent trends in the investment, office, retail and industrial markets. In this edition, we bring you our fourth quarter update on Bratislava, Bucharest, Budapest, Prague and Warsaw. | BLISS Imobiliare

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Romania’s Economy Outshines Rest of EU After Shunning Lockdown

18 February 2021 • Article

Romania’s economy outperformed the rest of the European Union last quarter as the government opted not to impose the kind of harsh lockdown that shuttered most of the continent. | BLISS Imobiliare

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Foreigners Buying Romanian Property

30 August 2018 • Real estate

There are more and more foreigners interested in purchasing real estate properties in Romania. The question is whether at this time they are able to buy land (or at least other real estate properties such as apartments) directly as in other EU legislations.

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Investment opportunity 6 times 2 rooms apartments New Point Pipera

13 February 2021 • Real estate

Investment opportunity. Company is selling 6 one bedroom apartments with parking places in the New Point Pipera complex close to the American International School of Bucharest. These apartments are fully furnished and equipped and several are rented generating direct income. | BLISS Imobiliare

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Investment volumes down at €588.5million in 2020, but Romania remains on the radar of investors

12 February 2021 • Article

Romania’s commercial real estate investment volume ended 2020 with a volume of €588.5 million*, according to CBRE. Romania remains on the radar of investors and the combination of limited supply and better than envisaged demand may trigger surprising movements in pricing. | Bliss Imobiliare

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Bucharest office market registered a consistent return of demand in the last quarter of 2020

12 February 2021 • Article

In the last quarter of 2020, in Bucharest there were transactions of office spaces with a total area of 77,000 square meters, the highest quarterly value of the year, thus bringing the annual volume of transactions to approximately 237,000 meters squares. | BLISS Imobiliare

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