It is now a fact that the Romanian housing market has been severely affected by the financial crisis. Faced with housing transactions falling off over the past five months by more than 36% compared to the same period last year, the Romanian Government decided to not waste any more time and, on June 3 2009, adopted Emergency Ordinance 60 to set the general rules for the enforcement of the First Home programme. We were assured that methodological norms to detail the said rules will follow shortly.
June 30 2009