KPMG: Strong developers expected on real estate market

Increasingly more investors interested in developing long-term projects are expected to enter the local market now that Romania has joined the European Union, stated Victor Kevehazi, senior partner with consultancy company KPMG Romania. The KPMG representative says the developers who have come so far in Romania are contractors seeking fast profits, but Romania's acquiring EU membership turns the country into a target for powerful foreign players with investments spanning long periods of ...

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