The total balance mortgage balance in payment increased almost fourfold in the last 16 years, from €5.7 billions in 2008 to €21.7 billion today.
The average instalment for buying a one-bedroom apartment in Bucharest came to hold a percentage of about 40% of the average wage at a national level, down from 43% a year ago.
Refinancing a mortgage loan today by switching to a fixed interest rate can bring a 22.5% decrease in the monthly installment paid compared to the value registered a year ago.
Reduced bank interest rates and banks' offers for this product are among the drivers of this trend.
The purpose of the increase for One Cotroceni Park Office Phase 1 and Phase 2 is to reimburse shareholder loans and cover other costs.
Under this new agreement, 30% of the funds will be directed to projects supporting the transition to a green economy.
According to the NBR release, the annual inflation rate accelerated its decline in the first two months of Q2 2024, falling to 5.12 percent in May.
This financing will be used to fully repay the existing credit contracted by the company in 2021 from the Black Sea Trade and Development Bank.
Over the past 7 years tbi bank went through a major transformation from a traditional local player into SEE's leading challenger bank.
Luxury residential prices in 2025 will continue to increase, but at a more moderate pace compared to previous years.
The second half of the year was much more negative, influenced by energy market volatilities which drove weaker results for the sector.
EY Institutional Investor Survey shows that 92% of investors are reluctant to sacrifice short-term gains for the longer-term rewards of ESG investments.
The company is preparing AI-driven commercial solutions for flight safety and wildfire prevention.
Geopolitical conflict is seen as the biggest risk in the Middle East (41%) and Central and Eastern Europe (34%). In Western Europe.