DOCSLIB.ORG

Valuation of Real Estate Investments Evolution and Importance for Business

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Valuation of Real Estate Investments Evolution and Importance for Business The Bucharest University of Economic Studies The Faculty of Accounting and Management Information Technology Romanian Society of Economic and Financial Analysis (RSEFA) Valuation of real estate investments Evolution and importance for business Scientific Symposium Bucharest December 2015 2 Scientific committee: Professor Vasile ROBU, PhD Professor Lucian BUŞE, PhD Professor Florea RADU, PhD Professor Ioan BĂTRÂNCEA, PhD Professor Silvia PETRESCU, PhD Professor Petru ŞTEFEA, PhD Professor Elena Claudia ŞERBAN, PhD Professor Ion ANGHEL, PhD Professor Eduard DINU, PhD 3 Theoretical and Applied Economics Volume XXII (2015), Special Issue, Winter Contents An analysis of the evolutions of real estate market and purchasing power within the European Union Ciprian Şipoş, Alexandru Buglea .......................................................................................................................... 5 Determination of market rent for the application of the direct capitalization approach in assessing the real estate investment Ana Maria Popescu, Ştefania-Cristina Curea ..................................................................................................... 15 Determinants of the real estate market: the Romanian case Dumitru Dan Popescu, Costin Ciora ................................................................................................................... 21 Educational system orientation to requirements of real estate business environment. Accents and limits in intercultural communication Ruxandra Buglea, Gabriela Lucia Șipoș ............................................................................................................. 35 Importance of competencies of real estate graduates in employers' perception Ciprian Şipoş, Alexandru Buglea ........................................................................................................................ 45 Economic – legislative issues regarding the energetic performance of green buildings Romeo Cătălin Creţu, Raluca Florentina Creţu .................................................................................................. 55 Is the real estate market in Romania ready for the appraisal of green assets? Raluca Florentina Creţu, Adrian Anica-Popa, Ana Maria Popescu .................................................................... 67 The impacts of the regulatory framework on the evaluation of information necessary to the assessment of financial position and cost-effectiveness. Compared analysis: OMFP 3055/2009-OMFP 1802/2014 Monica Petcu, Maria Iulia Sobolevschi David, Marian Lăpuște .......................................................................... 79 Economic and financial performances within the scope of accounting and fiscal standards applicable to real estate transactions Maria Iulia Sobolevschi David, Vasile Robu, Monica Petcu, Costin Ciora .......................................................... 91 Green marketing strategies in real estate in Romania Maria-Loredana Popescu, Mihaela-Diana Oancea-Negescu, Antoniu Predescu ............................................... 99 Integration of the economic and financial analysis in the audit of lands and buildings Monica Petcu, Maria Iulia Sobolevschi David, Violeta Simionescu .................................................................. 109 Analysis of the Romanian construction materials manufacturing sector Adrian Anica-Popa ............................................................................................................................................ 117 4 Preface Real estate properties and the building sector have represented key elements for the economic development of Romania in some periods. The economic crisis has been most reflected in the evolution of the real estate markets, which crashed at the end of 2008. The passing years have been marked by bankruptcy of many real estate developers, but also high decreases in prices. The survivors were those which manage to make the real estate sector more attractive, through innovative steps. This set of papers present useful elements from the real estate market, on the evolution of the market both at the European Union level, but also for Romania, with economic and legal aspects on green buildings, accounting and fiscal regulations impact on properties, establishing the rent and valuation of real estate properties, but also requirements of companies for the educational sector on the competencies of graduates on real estate markets. Moreover, there are presented and analyzed a series of aspects of restructuring of companies in Romania, but also legal changes on evaluating the needed information for assessing the financial position and return. The papers are useful both for students from the master programs and for specialists from entities that interact with the real estate market: valuers, investors, fiscal inspectors, credit officers. Assistant Professor Adrian ANICA-POPA, PhD Theoretical and Applied Economics Volume XXII (2015), Special Issue, pp. 5-14 An analysis of the evolutions of real estate market and purchasing power within the European Union Ciprian ȘIPOȘ West University of Timisoara, Romania [email protected] Alexandru BUGLEA West University of Timisoara, Romania [email protected] Abstract. The paper analyzes the influence of the purchasing power on the evolution of the real estate market in the EU countries, based on the developments of GDP per capita, purchasing power parities, House Price Index and production in construction in period 2008-2013 in the EU countries. The research reveals that the evolution of GDP per capita significantly influences the evolution of House Price Index, and the price index at his turn influences the evolution of production in construction. Finally, is made a grouping of EU countries into four categories and are discussed the prospects of Real Estate market developments in the EU countries. Keywords: Real Estate Market, purchasing power, House Price Index, production in construction. JEL Classification: R31, R32. 6 Ciprian Şipoş, Alexandru Buglea 1. Introduction Profitable investments can be made at any time, both in times of crisis and the real estate peak periods, as they were in periods of 2006 - 2007. An old investor market, experienced, knows that property price increases inevitable, just a matter of time. Those who lose get to this point because of unwise decisions. In the long term, prices of real estate have always increased. In the long term, real estate has proven to be one of the most stable in terms of investment. But it's true that sometimes you better invest in a property or another, which makes the difference in profit. Loss is defined as someone investing in a property in peak period and wishes or is forced by circumstances to make an exit in a time when prices were low (Case and Wachter, 2005: pp. 197-211). The financial crisis was a real awakening to the understanding that we still live with cyclical capitalist crises. Simultaneously, it has given the opportunity to examine the role of nation-states in relation to real estate markets at level of cities, regions, national and international relations (Sipos, 2012: pp. 20-33). This theme reflects upon the reality of political and institutional power at a time of financial crises like this one and examines contemporary urban theories that have long left out capitalist crises and minimized the role of national economies in the framework of globalization (Fujita, 2011: pp. 265-271). Liquidity in real estate markets is variable over time. Therefore, indices of changes in market value that are based on asset transaction prices will systematically reflect inter-temporal differences in the ease of selling a property (Fisher et al., 2003: pp. 269-303). The indicator used at European level to track the developments in housing prices is called the House Price Index (HPI). He summarizes, based on a methodology of Eurostat, the evolution of acquired property prices, both new and existing ones, regardless of the destination and the previous owners (Eurostat, 2014). The European HPI is calculated based on all HPI nationwide using an aggregation based on weighted average GDP of the countries concerned to values expressed in purchasing power parity standard. Besides this important indicator, real estate market can be illustrated by another indicator named production in construction which can include the total of the construction sector or only building construction and civil engineering. Based on these indicators, further is made an analysis of the influence of the purchasing power of the citizens of EU countries on the evolution of the real estate market prices. This analysis consider the evolutions of GDP per capita, purchasing power parities, House Price Index and production in construction in the period 2008 - 2013 in the EU countries. An analysis of the evolutions of real estate market and purchasing power within the European Union 7 2. The interdependences between purchasing power, House Price Index and Production in construction within the EU The analysis of interdependences between purchasing power, House Price Index (HPI) and production in construction in the EU countries is structured on three research hypotheses: . Hypothesis 1: purchasing power, quantified both by GDP per capita and by purchasing power parities, significantly influences the House Price Index; . Hypothesis 2: purchasing power significantly influences the production in construction; . Hypothesis 3: the House Price Index significantly
Load more

Recommended publications
  • Regulament Campanie VISA 2017
    Regulamentul Campaniei „Plateste cu Visa si alege-ti oferta!” Art. 1. Organizatorul Organizatorul campaniei „Plateste cu Visa si alege-ti oferta!” este MOL ROMÂNIA PETROLEUM PRODUCTS S.R.L., cu sediul in Cluj Napoca, bd.21 Decembrie 1989 nr.77camera C.1.1, cladirea C- D, The Office, etaj 1, jud. Cluj, avand Cod unic de inregistrare nr. 7745470, atribut fiscal RO, numar de ordine in Registrul comertului J12/729/2000, (denumita in continuare “ MOL ” sau “Organizatorul”), Serviciu Relatii cu Clientii: 02120148526; 0212048528; Linia Verde: 0800800665 (apelabil gratuit in retelele Orange, Vodafone, Telecom), fiind inregistrat ca operator de date cu caracter personal cu numarul 2374. Campania se va derula conform prevederilor prezentului Regulament Oficial (denumit in continuare „ Regulament ”), acesta fiind obligatoriu pentru toti participantii. Prezentul Regulament este disponibil spre consultare in mod gratuit tuturor Participantilor, in forma tiparita in magazinele benzinariilor MOL precum si pe site-ul www.molromania.ro. Organizatorul isi rezerva dreptul de a completa si/sau modifica prezentul Regulament, precum si dreptul de a suspenda sau/si inceta si/sau intrerupe si/sau prelungi desfasurarea Campaniei, cu conditia instiintarii in prealabil a participantilor. Orice modificare si/sau completare a acestui Regulament se va face prin acte aditionale, acte care vor fi afisate atat in magazinele benzinariilor participante, cat si pe site-ul www.moloromania.ro. Modificarile produc efecte de la data publicarii lor pe site-ul www.molromania.ro si a afisarii in magazinele benzinariilor participante. Organizatorul nu isi asuma raspunderea pentru luarea la cunostinta a modificarilor de catre participanti, atata timp cat acestea sunt afisate pe site-ul mai sus amintit cat si in mod gratuit in magazinele benzinariilor MOL mai jos enumerate.
    [Show full text]
  • Catalog 2020 Online.Pdf
    În 2020, Colecția de beneficii Mastercard Premium aniversează 10 ani de la lansare și îți aduce o gamă de beneficii mai amplă ca oricând, astfel încât să te bucuri de oferte și experiențe special concepute pentru a răspunde dorințelor tale. Peste 115 parteneri te întâmpină anul acesta prin Colecția de beneficii Mastercard Premium, cu peste 400 de locații partenere, atât fizice, cât și online, din categorii precum: Fashion, Gourmet, Beauty, Călătorii, Business & Dezvoltare Personală, Entertainment, Home & Deco și Cadouri. În fiecare dintre aceste locații, pentru orice plată cu cardul tău Mastercard® Gold, Platinum, World, World Elite™, Corporate sau Business, Mastercard ți-a pregătit experiențe unice și oferte preferențiale, astfel încât să îi surprinzi pe cei dragi cu cele mai inspirate cadouri sau să transformi o întâlnire de business într-una de succes. Descoperă toate surprizele pe care ți le-am pregătit alături de partenerii din program și profită de o gamă unică și variată de avantaje exclusiviste, doar prin plata sigură și rapidă realizată cu cardul. Toate cele bune, Cosmin Vladimirescu Country Manager, Mastercard România TERMENE ȘI CONDIȚII PENTRU TOATE OFERTELE: 1. Plătește cu cardul tău Gold, Platinum, World, World EliteTM, Business sau Corporate Mastercard® emis în România și beneficiezi de aceste oferte. 2. Oferte valabile în perioada: 1 ianuarie 2020 - 31 decembrie 2020. 3. Toate condițiile speciale sunt detaliate în cadrul ofertelor comercianților. Fashion FASHION 10% reducere pentru orice produs achiziționat* _kix este un magazin multibrand unde puteți descoperi colecții de sneakers premium și cele mai în vogă modele de pantofi. Pentru iubitorii modei care își doresc ediții exclusive de sneakers, magazinele _kix vor deveni cu siguranță destinația favorită.
    [Show full text]
  • With Brand Management Romania About Us
    indoor is our passion what INDOOR IS WITH BRAND MANAGEMENT ROMANIA ABOUT US Starting 2004, BRAND MANAGEMENT coordinates its advertising services in Eastern Europe operating in Malls and Hypermarket Retail Chains of Romania, Bulgaria and Czech Republic. BRAND MANAGEMENT activates as a full service indoor advertising company, both for the buildings owners and for the clients offering advertising consultancy, printing, mounting, decorating, campaign survey, dismantling. Our purpose is to reach and communicate with active and dynamic people with brand new indoor communication channels. ABOUT US We’ve implemented over 250 indoor advertising campaigns all over Eastern Europe, in 2012. 130 campaigns in 2012, Romania only. We’ve managed over a 4.800.000 euro value of the indoor advertising market in Eastern Europe, in 2012. 1.300.000 euro value of the Romanian 2012 indoor advertising market. 56% market share for Brand Management Romania in 2012. We’ve worked with over 160 shopping centers and hypermarkets stores in Eastern Europe, in 2012. 48 shopping centers in CEE and 27 all around Romania. 120 super & hypermarkets in CEE and 60 super & hypermarkets stores all around Romania. WHY INDOOR ADVERTISING WORKS Indoor advertising is suitable for high volume locations – such as Malls or Hypermarkets because it is able to address to an absolute captive audience with undivided attention (no tune out, trashing or turning pages), resulting in a greater reception because of its casual, more relaxed atmosphere. Indoor advertising benefits of extended viewing – in the viewers face, up to 1-2 minutes, ads being read 95 – 100% of the time. Repetition of an indoor advertising campaign in a hypermarket, for example, of up to 4 visits per week offers a memorization of 84% remembered ad details Indoor advertising audience is targeted specifically by matching customers.
    [Show full text]
  • Annual Report 2011
    Annual Report 2011 It’s been 22 YEARS during which we have learned from children that the society and world we live in can change, can be better and more beautiful, by education, perseverance and trust. Florin ended the quarter well and is waiting for his first birthday cake, on his 14th birthday. He was living with his mother and two brothers in Bogata, a village with a name (Bogata = rich) worlds apart from their poverty situation. He was working by the day to make a living. This is why he dropped out of school when he was in the 2nd grade. Following the fire which burnt down their house and caused the death of the younger brother, the desperate mother, overwhelmed by the gravity of the situation, came hope- ful to Bucharest, where she managed to find a job. Unfortunately, she could not register her children to school. Save the Children team took over the case and registered the children in the “Second Chance” program. Florin quickly adapted to the relationship with Save the Children educators and social workers, learned a lot, eager to acquire a lot of information and make up for the lost time; his effort was titanic.“When I’m 14 and get my identity card, I will throw a party with a Ana Maria Mihăescu - CAKE and I will invite you too… I have never celebrated my birthday”. President, Chief if IFC for Romania, Re- public of Moldova, Bulgaria, Czech Re- Florin is one of the 10,200 children whom Save the Children currently works with, in the public, Hungary, Poland and Slovakia educational programs developed in the 38 counties.
    [Show full text]
  • Magazin Partener Al Orange Romania (Subdistribuitor Al Serviciilor Orange Money) Adresa Magazin Limita De Retragere Si/Sau Depun
    Limita zilnica de retragere si/sau depunere Magazin partener al Orange Romania Limita de retragere si/sau depunere Adresa magazin numerar la nivel de retea de magazine ale (subdistribuitor al serviciilor Orange Money) numerar la nivel de tranzactie (Lei) partenerului (Lei) 3C TELECOM BELCESTI SAT BELCESTI BL.7A Belcesti 500 5000 3C TELECOM BICAZ STR BARAJULUI NR.7 Bicaz 500 5000 3C TELECOM BORSEC STR TOPLITEI NR.6 Borsec 500 5000 3C TELECOM TIBANESTI SAT TIBANESTI STR PRINCIPALA TiBanesti 500 5000 3C TELECOM VLADENI SAT VLADENI BL.B6 Vladeni 500 5000 ACTIV PLUS TARGU MURES Bulevardul 1 DecemBrie 1918 nr.184 Targu Mures 500 5000 ACTIV PLUS UNIRII Strada Voinicenilor nr.61 Targu Mures 500 5000 ALTEX FOCSANI PROMENADA CL. MOLDOVEI BL.E85 Focsani 500 5000 ALTEX MALL PROMENADA CL. FLOREASCA NR.246B Sectorul 1 BUCURESTI 500 5000 ALTEX PIATRA NEAMT BD. DECEBAL NR.79 Piatra-Neamt 500 5000 ALTEX TARGU JIU SHOPPING CITY STR TERMOCENTRALEI NR.10 Targu Jiu 500 5000 ASTEL ARENA Strada Stefan cel Mare nr.28 Bl.CENTRUL COMERCIAL NA MALL Bacau 1000 10000 ASTEL AUCHAN PITESTI STR CONSTANTIN DOBROGEANU GHEREA NR.1 Pitesti 1000 10000 ASTEL CORA PANTELIMON Soseaua Vergului nr.20 Sectorul 2 BUCURESTI 1000 10000 ASTEL ERA PARK IASI SOS. PACURARI NR.121-122 Iasi 1000 10000 ASTEL FEERIA Soseaua Bucuresti-Ploiesti nr.44A Sectorul 1 BUCURESTI 1000 10000 ASTEL IASI FELICIA Strada Bucium nr.36 Iasi 1000 10000 ASTEL IULIUS MALL SUCEAVA Calea Unirii nr.22 Suceava 1000 10000 ASTEL KAUFLAND ALBA IULIA CL. MOTILOR NR.120 AlBa Iulia 1000 10000 ASTEL KAUFLAND BACAU STR NICU ENEA NR.1 Bacau 1000 10000 ASTEL KAUFLAND BAIA MARE STR GEORGE COSBUC NR.38 Baia Mare 1000 10000 ASTEL KAUFLAND BAIA MARE 2 Bulevardul Unirii nr.21 Baia Mare 1000 10000 ASTEL KAUFLAND BISTRITA BD.
    [Show full text]
  • Regulament VISA Aprilie
    Regulamentul Campaniei „Tu vrei sa fii castigator. Noi te rasplatim la fiecare plata” Art. 1. Organizatorul Organizatorul campaniei “Tu vrei sa fii castigator. Noi te rasplatim la fiecare plata ” este compania Kaufland Romania SCS, cu sediul in Str. Barbu Vacarescu, nr. 120 - 144, sector 2, 020284, Bucuresti, inmatriculata la Registru Comertului de pe langa Tribunalul Bucuresti sub numarul J40/17052/2003, CUI RO 15991149, inregistrat ă ca operator de date cu caracter personal cu numarul 23293 (denumita in continuare “ Kaufland ” sau “Organizatorul”), numar de telefon al clientului Kaufland: 0800.080.888 (apelabil gratuit in retelele Vodafone, Orange, Telekom, UPC România şi RCS&RDS şi program de lucru de luni pân ă vineri de la 08:00-20:00 si sambata de la 08:00-17:00). Campania se va derula conform prevederilor prezentului Regulament Oficial (denumit in continuare „ Regulament ”), acesta fiind obligatoriu pentru toti participantii. Prezentul Regulament este disponibil spre consultare in mod gratuit tuturor Participantilor, la Biroul Informatii din magazinele Kaufland precum si pe site-ul www.kaufland.ro/visa . Regulamentul va fi afisat in toate magazinele Kaufland participante la campanie, pe toata perioada de desfasurare a acesteia. Organizatorul isi rezerva dreptul de a completa si/sau modifica prezentul Regulament, precum si dreptul de a suspenda sau/si inceta si/sau intrerupe si/sau prelungi desfasurarea Campaniei, cu conditia instiintarii in prealabil a participantilor. Orice modificare si/sau completare a acestui Regulament se va face prin acte aditionale, acte care vor fi afisate atat in magazinele participante, cat si pe site-ul www.kaufland.ro/visa . Modificarile produc efecte de la data publicarii lor pe site-ul www.kaufland.ro/visa si a afisarii in magazinele participante.
    [Show full text]
  • Lista Punctelor De Schimb Valutar Autorizate Să Desfăşoare Activităţi
    Lista punctelor de schimb valutar autorizate să desfăoare activităi de schimb valutar pe teritoriul României, altele decât cele care fac obiectul supravegherii Băncii Naionale a României actualizata la data de 1 Decembrie 2017 * Judet Localitate Adresa COD Denumire GALATI Galati Galati, Bulevardul Marii Uniri, Judet Galati M001.18.001.18 VEGA COMPANY S.R.L. TIMIS Timisoara Str. Simion Barnutiu , Nr.44 M002.36.001.36 STRELITIA S.R.L GALATI Galati Aleea Meteo, Nr.4 M003.18.001.18 VIVA COMPANY S.R.L. BUCURESTI - ILFOV Bucuresti Sectorul 1, Str. Gheorghe Manu Nr.2-4 M004.41.001.41 MINERVA 92 S.R.L. GALATI Galati Bulevardul Marea Unire, Nr.107, VEGA HOTEL M005.18.001.18 LYRA TOUR S.A. BUCURESTI - ILFOV Bucuresti B-dul Poligrafiei Nr.3-5 M006.41.001.41 PARC HOTELS SA BUCURESTI - ILFOV Bucuresti CALEA DOROBANTILOR NR.5-7 M007.41.001.41 GRAND PLAZA HOTEL SA GALATI Galati Galati, Bulevardul Marii Uniri, Judet Galati S001.29.001.18 DOLEXMA S.R.L. BRAILA Braila Sos.Buzaului, bloc A31, parter, S001.29.002.09 DOLEXMA S.R.L. BRAILA Braila Calea Galati nr.55, Complex Modern S001.29.003.09 DOLEXMA S.R.L. BRAILA Braila Calea Galati nr.57, bloc C, scara 3, parter, ap.43 S001.29.004.09 DOLEXMA S.R.L. BRAILA Braila B-dul Dorobantilor nr.2, Unitatea 42, bloc 25B, parter S001.29.005.09 DOLEXMA S.R.L. BRAILA Braila B-dul Dorobantilor nr.31, Unitatea 81, bloc A30, parter S001.29.006.09 DOLEXMA S.R.L.
    [Show full text]
  • Programul De Paște
    PROGRAMUL DE PAȘTE *Programul poate suferi modificări în funcție de evoluția ratei de incidență din fiecare oraș sau localitate în care există magazine PEPCO. MAGAZIN ADRESĂ JOI 29 APRILIE VINERI 30 APRILIE SAMBATA 01 MAI DUMINICA 02 MAI LUNI 03 MAI MARTI 04 MAI Aiud Strada Transilvaniei, nr. 37, Aiud, Judet Alba 09:00-21:00 09:00-21:00 08:00-17:00 ÎNCHIS 10:00-18:00 09:00-21:00 Alba Iulia 1, Nepi Calea Motilor, nr 118, Alba Iulia, judetul Alba Iulia 08:00-21:00 08:00-20:00 08:00-17:00 ÎNCHIS 09:00-16:00 08:00-21:00 Alba Iulia 2, Mall Bulevardul Tudor Vladimirescu, nr. 50A, Alba Iulia, Judet Alba 09:00-21:00 08:00-18:00 08:00-16:00 ÎNCHIS 14:00-21:00 09:00-21:00 Alesd Strada Ciocarliei, nr. 6, parter, Alesd, Judet Bihor 09:00-21:00 09:00-21:00 09:00-17:00 ÎNCHIS 09:00-17:00 09:00-21:00 Alexandria 1, Winmarkt Strada Libertatii nr 242, Alexandria, judetul Teleorman 09:00-20:00 09:00-20:00 09:00-18:00 ÎNCHIS ÎNCHIS 09:00-20:00 Alexandria 2 Soseaua Bucuresti nr 168, Alexandria, Judet Teleorman 09:00-21:00 08:00-20:00 09:00-18:00 ÎNCHIS 09:00-18:00 09:00-21:00 Arad 1, Atrium Calea Aurel Vlaicu nr 10-12,Arad, Judet Arad , Centrul Comercial Atrium 10:00-21:00 08:00-20:00 10:00-17:00 ÎNCHIS 12:00-21:00 10:00-21:00 Bulevardul Revolutiei, nr.
    [Show full text]
  • Regulamentul Promoţiei Kent
    ACT ADITIONAL NR. 1 LA Regulamentul Oficial al Campaniei Promotionale „MONSTER ENERGY MOTO GP CATALUNYA”, organizata de AMIGO Intercost SRL S.C. AMIGO Intercost SRL („Organizatorul”), societate comerciala inregistrata in conformitate cu legea romana, cu sediul in Romania, Strada Lemnarilor Nr. 1A, Odorheiul Secuiesc, jud. Harghita, inregistrata la Registrul Comertului sub numarul J19/175/2000, cod unic de inmatriculare RO13131768, in calitate de Organizator al campaniei promotionale “MONSTER ENERGY MOTO GP CATALUNYA”, in temeiul Art. 3, alin. (3.3) al Regulamentului oficial, autentificat de BNP Lazar Monica Stefania sub nr. 355 din data de 05 martie 2014 modifica Regulamentul Oficial, dupa cum urmeaza: I. Art. 2 Durata si locul de desfasurare a Promotiei se modifica si va avea urmatorul continut: Art. 2 Durata si locul de desfasurare a Promotiei 2.1 Promotia este organizata si se desfasoara pe intreg teritoriul Romaniei in anumite retele international MOL, Inmedio, Mega Image, Billa, Rompetrol, Carrefour si Artima (prevazute in Anexa 1 a prezentului regulament), precum si in toate magazinele nationale ce comercializeaza produse participante si in care promotia este semnalizata prin materiale vizuale. 2.2 Promotia incepe pe data de 03 martie 2014 ora 00:00:01 si va dura pana la 16 mai 2014 ora 23:59:59, cu urmatoarele exceptii: - pentru inscrierile pe baza bonurilor ce atesta achizitionarea produselor paticipante din toate magazinele nationale ce comercializeaza produse participante si in care promotia este semnalizata prin materiale vizuale
    [Show full text]
  • Magazin Adresa Magazin Joi 24 Decembrie Vineri 25 Decembrie
    Joi 24 Vineri 25 Sambata 26 Joi 31 Vineri 1 Sambata 2 Magazin Adresa magazin Decembrie Decembrie Decembrie Decembrie Ianuarie Ianuarie Aiud Strada Transilvaniei, nr. 37, Aiud, Judet Alba 09:00-16:00 ÎNCHIS 09:00-16:00 09:00-16:00 ÎNCHIS 09:00-16:00 Alba Iulia 1, Nepi Calea Motilor, nr 118, Alba Iulia, judetul Alba Iulia 08:00-17:00 ÎNCHIS 09:00-16:00 08:00-17:00 ÎNCHIS 09:00-16:00 Alba Iulia 2, Mall Bulevardul Tudor Vladimirescu, nr. 50A, Alba Iulia, Judet Alba 10:00-16:00 ÎNCHIS 14:00-21:00 10:00-16:00 ÎNCHIS 14:00-21:00 Alesd Strada Ciocarliei, nr. 6, parter, Alesd, Judet Bihor 08:00-16:00 ÎNCHIS 09:00-15:00 09:00-15:00 ÎNCHIS 09:00-15:00 Alexandria 1, Winmarkt Strada Libertatii nr 242, Alexandria, judetul Teleorman 09:00-18:00 ÎNCHIS ÎNCHIS 09:00-17:00 ÎNCHIS 09:00-17:00 Alexandria 2, Nepi Soseaua Bucuresti nr 168, Alexandria, Judet Teleorman 09:00-18:00 ÎNCHIS 09:00-17:00 09:00-17:00 ÎNCHIS 09:00-17:00 Arad 1, Atrium Calea Aurel Vlaicu nr 10-12,Arad, Judet Arad , Centrul Comercial Atrium 10:00-17:00 ÎNCHIS 12:00-21:00 10:00-17:00 ÎNCHIS 12:00-21:00 Bulevardul Revolutiei, nr. 39-41, etaj 1, Arad, Judet Arad, Centrul Comercial Arad 2, Ziridava 09:00-18:00 ÎNCHIS ÎNCHIS 09:00-18:00 ÎNCHIS ÎNCHIS Zizidava Arad 3, Real Calea Radnei, nr. 298, Arad, Judet Arad 09:00-18:00 ÎNCHIS 09:00-21:00 09:00-18:00 ÎNCHIS 09:00-21:30 Bacau 1, Arena Strada Ștefan cel Mare nr 28, Bacău, Judet Bacau 10:00-18:00 ÎNCHIS 12:00-21:00 10:00-18:00 ÎNCHIS 12:00-21:00 Bacau 3, Ambiance Calea Marasesti, nr 151A, parter, Bacau, Judet Bacau 09:00-17:00 ÎNCHIS 09:00-17:00 09:00-17:00 ÎNCHIS 09:00-17:00 Bacau 4 Intercora Strada Narciselor, nr.
    [Show full text]
  • The Construction Sector in Romania
    THE CONSTRUCTION SECTOR IN ROMANIA THE CONSTRUCTION SECTOR IN ROMANIA September 2013 A study by Nicoleta Chirila Flanders Investment & Trade Intr. Bitolia 62, sector 1, Bucuresti +40 21 231 56 07 [email protected] www.flandersinvestmentandtrade.com TABLE OF CONTENTS 1. General economic overview .................................................................................................................... 3 1.1 GDP development ............................................................................................................................... 3 1.2 Employment & earnings ..................................................................................................................... 5 1.3 Inflation & fiscal situation ................................................................................................................... 7 1.4 Macro indicators ................................................................................................................................. 8 2. Construction sector (2007 – present) ....................................................................................................... 9 2.1 Rule system ......................................................................................................................................... 9 2.2. Leading companies ........................................................................................................................... 13 2.3. Construction work evolution ...........................................................................................................
    [Show full text]
  • Introduction in the Shopping Centre Sector from Romania - a Brief Inventory of the 24 Biggest Cities - As of July 2017
    DOI: 10.2478/midj-2018-0002 MID Journal Volume 1 ǀ Issue 1 ǀ 2018 ǀ pp. 53-62 Introduction in the Shopping Centre Sector from Romania - a Brief Inventory of the 24 Biggest Cities - as of July 2017 1* Cosmin Bogdan, MICU 1 Babeş-Bolyai University, Faculty of Economics and Business Administration, Romania ___________________________________________________________________________ ABSTRACT First years of specialised retail (in terms of department stores or shopping centres) either that we discuss of the period before the communist regime or that during the regime period itself it is a reality that both benefit from few relevant evidences. As a parallel to those times, the time frame starting from 1990, is the one that provides us with many more details, and like this allowing us to develop an accurate portrait of those retail days. The objectives of the current study is to identify the GLA distribution in the panel of the evaluated cities (as in comparison to the Activ Property Services – APS study) and starting from here to illustrate the existing retail agglomeration in those 24 major cities of Romania. The work behind the proposed paper implied a market research using personal expertise for this field, internet resources, retail magazines, specialised retail agency studies so that to be able to point out, as accurately as possible, all relevant information related to the retail field of activity. Among the conclusions that this study provides, starting with the analysis of the existing shopping centre stock (in the major cities of Romania) and comparing these results with those from the research conducted by APS, in 2017, we find out that more than 77% of the entire GLA of this retail sector is located in those 24 major cities analysed in the current study.
    [Show full text]