Reading Time: 3 minutes A Promising Start Interchem Distribution Europe OÜ, a company specializing in the import and export of chemicals, had a plan for increasing trading volumes but was lacking finances so it applied for the missing funds with a business loan. The conditions for financing were strict, requiring a personal guarantee of the sole board member and …
Reading Time: 4 minutes In the world of business, transparency and integrity are the cornerstones of trust. When these principles are compromised, the ripple effects can jeopardize an entire company’s stability and reputation. This article sheds light on the unsettling revelations about Maxim’s conduct as a board member at RE24 ESP, highlighting conflicts of interest, financial mismanagement, and the …
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Reading Time: 2 minutes During the period from 2020 to 2023, the real estate market in Moldova experienced significant growth, with prices rising by approximately 30% on average, and even higher for newly built properties (40-50%). Additionally, the average official income per person increased from 8,860 MDL at the end of 2020 to 13,400 MDL in Q4 of 2023. …
Continue reading “Moldova’s Property Boom and Its Bumpy Road: Growth, Legal Issues, and Hope”
Reading Time: 9 minutes The main purpose of this update is to provide you with a full overview of the current situation with each project, together with relevant documents. All the actions we have taken in 2023 had a single goal, to protect the investment projects and the invested capital. That is also the main priority for the new …
Continue reading “The audit results overview of the Spanish branch operations”
Reading Time: 5 minutes In this blog article, you can find the details (together with hyperlinks to court documents) of the legal process in Moldova, related to the recovery process against the borrower Kirsan Com S.R.L., the borrower of the Green Park Home residential development project. Project Project start Planned duration Collaterals Green Park Feb. 2022 7 months Cadastral nr. …
Continue reading “Green Park (Titulescu 36) Kirsan Com S.R.L. legal case overview – Kirsan”
Reading Time: 5 minutes In this blog article, you can find the details (together with hyperlinks to court documents) of the legal process in Moldova, related to the recovery process against the borrower Metropolis City S.R.L., with 3 projects involved in the Chisinau Metropolis district: Project Project start Planned length Collaterals Metropolis 4D Jun. 2020 12 months Cadastral nr. …
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Reading Time: 5 minutes In this blog article, we will share all the updates, as well as pictures from the construction fields of our La Canada development project from sunny Spain. Key facts about the La Cañada development project: The update for 10.2023 We have finalized the updated projects and construction tenders for the works to be performed on …
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Reading Time: 9 minutes In this blog article, you will find all the recent updates on this project and follow its construction works in pictures. Key facts about Xirivella residential project: The update for 03.2024 Upon taking over the management, and gaining access to the building, in the autumn the new construction company undertook an assessment of the completed …
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Reading Time: 5 minutes The Baltic countries Latvia and Estonia, have seen steady growth despite facing geopolitical challenges and high inflation. As the region moves forward into 2024, market participants remain cautious, resulting in slower construction volumes and general sluggish market activity. However, the Baltic capitals, insulated by low household debt and population growth, maintain a positive outlook for …
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Reading Time: 3 minutes In this blog article, You will find out the latest updates about the Metropolis 4A development project, a well as see the pictures from the construction fields. Metropolis 4A is a residential building in the eco-friendly complex called Metropolis City, which is located in the greenest part of Chisinau, the capital city of Moldova. You already …
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