News » August, 2011 » 11 August 2011
Romania Raises Fines For Failure To Repair Buildings With High Seismic Risk - Draft
11.08.2011, 17:35 | Real Estate | 1492 views
The Romanian Development Ministry significantly increases fines charged to homeowners and local authorities who fail to carry out technical inspections and start rehabilitation works on buildings considered to have a high seismic risk. According to a draft decree drawn up by the ministry, fines will increase five times and will range between 2,500 lei (EUR583) and RON75,000, from RON500 - RON15,000 under current regulations. Fines ranging between RON50,000 and RON75,000 lei will be applied to local authorities who fail to observe a two-year deadline to start repair works on buildings included in annual rehabilitation programs. Read more on Mediafax.ro
|
Latest news in category Real Estate
Bankrupt shopping center City Mall Bucharest will be put up for sale for the fourth time on June 10, in an auction starting at EUR23.58 million, some 30% less than the initial price of EUR33 million. read more...
City Mall shopping center in Bucharest, currently bankrupt, might find a buyer at the third auction, for a price of at least EUR 26.2 million, considering Casa de Insolvenţă Transilvania, the project's liquidator, sold a document detailing the conditions of contract to an interested investor. read more...
Bucharest's Asmita Gardens, the housing project entailing the largest private investment, around 120m euros for the building of seven blocks of almost 800 apartments, has been struggling in the past two months after the sales team decided to leave. read more...
|
|
