Over the last few months as an English speaking Romanian law Company with international connections, we have received a number of enquiries from people outside of Romania who have woken up to the fact that they have in the past made investments in Romania and Eastern Europe and they do not know what has happened
Why the above headline. During a recent trip to London the question of Greece and Ukraine were raised by a number of people on the basis of what was the impact of the problems in Greece and Ukraine on the Romanian economy and business environment. It was an aspect that whilst in relation to Greece we
The purchase of land is one of those areas which have caused heated debates in Romania. It is also an area where many lawyers- both Romanian lawyers and foreign law firms, have become involved. Over the last twenty years the purchasing of land as distinct from property has become easier for individuals and companies but
Romania’s taxation system is not noted for its clarity and it does no harm to remind investors of the current position under Romanian law. So this week I thought as prudent Lawyers in Romania we would revisit some tax aspects. Starting with 2007 the Romanian tax system changed in respect of real estate transactions. The legislators sought to impose a
Like many Romanian law firms we receive periodically requests in relation to property in Romania. This maybe in relation to claiming land and property which was originally owned by a relative who has died or from people who are the heirs and successors of people who have left Romania and seek to reclaim their property