Bucharest, 7 December 2010.

On the 7th of December 2010, Emanuel Bancila – managing associate in D&B David şi Baias attended a business breakfast at the Hilton Hotel having the topic „taxation in the real estate”. The subject matters on the agenda focused on current issues such as: selling and renting properties without the application of VAT, the impact of the VAT rate change on companies activating in real estate field, real estate valuation and taxation. The conference held at the Hilton Hotel was attended by many real estate companies operating in Romania, such as: Tiriac Imobiliare, Bluehouse, Ropotamo Expert, Fortuna, Sonae Sierra, Galeriile Real. —