ANEVAR - TODAY · ANEVAR TODAY Covers 5 valuation specialties: •Real property –3714 individuals •Business and intangible assets –1688 individuals •Machinery and Equipment

ANEVAR - TODAY

Dana ABABEI, ANEVAR President

November 29-30, 2019

ANEVAR National Association

of Romanian Authorised Valuers


ROMANIA – member of European Union


ROMANIAN EXPERIENCE ON VALUATION

• Privatization based on valuation of the companies

• ANEVAR established in 1992 as a fully independent association of valuers in Romania with no Government backing or interference

• Main goal was seeking public recognition

• Organized for valuation of all type of property

• Is only valuer’s organisation in Romania


ROMANIAN EXPERIENCE ON VALUATION

• In 1994 published its own technical standards based on the IVS and TEGoVoFA standards

• In 2003 adopted IVS as a basis of the national standards

• In 2012 the Valuation Law stated that ANEVAR will develop, approve and publish the Romanian Standards for Asset Valuation


ANEVAR TODAY

Covers 5 valuation specialties:• Real property – 3714 individuals

• Business and intangible assets – 1688 individuals

• Machinery and Equipment – 1577 individuals

• Financial Instruments – 38 individuals

• Valuation Review – 119 individuals


ANEVAR TODAY

• Has more than 4100 individual members and 550 corporate members

• Is member of TEGoVA (1994) IVSC(1996) WAVO (founding member)

• Represents Romania in the management board of:• TEGoVA for 12 years

• IVSC for 9 years

• WAVO for 18 years

• Since 1995 has own Research Institute on Valuation - IROVAL


ANEVAR TODAY• Publishes: “The Valuation Journal”, “Value- whenever it is”

magazine and Newsletter

• It is present on social media: Web, Facebook and Tweeter


ANEVAR STANDARDS

• ANEVAR is empowered by law as a Valuation Standards Setter in Romania

• Standards for Assets Valuation in Romania includes:• Valuation Standards – SEV - mandatory

• Guidance Notes – GEV - mandatory

• Advisory Guidelines – IE - recommended


ANEVAR & INTERNATIONAL COOPERATION


• IVSC – International Valuation Standards Council

• TEGoVA – The European Group of Valuers' Associations

• RICS - Royal Institution of Chartered Surveyors

• AI – Appraisal Institute (SUA)

• ASA – American Society of Appraisers

• iiBV – International Institute of Business Valuation

ANEVAR & INTERNATIONAL

COOPERATION

• SEI RM (Association of Valuers - Republic of Moldavia)

• Chamber of Professional Valuers (CPV) Bulgaria

• Independent Valuers Society of Georgia

• The Chamber of Valuers of Montenegro

• FECOVAL (Federacion de Colegios de Valuadores A.C.) Mexic

• Association of Independent Valuers Macedonia

• Institut of Valuers (IOV) India

BIG DATABASE


• The Real Estate Guarantee Databasestarting with July 1, 2015

• BIG is a preventive tool that ensures easy monitoring of the valuation of real estate for loans securitization

• The essential information from the valuation reports prepared for loans securitization are found:- in the same place,- centralized- in a standardized form- easy to analyse

BIF DATABASE


• The Taxable Value of Buildings Database starting with Jan 1, 2016

• A very valuable source of information, both for local authorities and for authorized valuers and, not least, for the public

The most important skill in the future will be the ability to "connect the dots" in your own way!



• FILM

Thank you!

[email protected]


NATIONAL ASSOCIATION OF ROMANIAN AUTHORISED VALUERS

7 Scărlătescu, district 1 Bucharest, 011158, România

tel: +40 21 315 65 64, 05, fax: +40 21 311 13 40

[email protected], www.anevar.ro

ANEVAR - TODAY · ANEVAR TODAY Covers 5 valuation specialties: •Real property –3714 individuals •Business and intangible assets –1688 individuals •Machinery and Equipment

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