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ANEVAR - TODAY
Dana ABABEI, ANEVAR President
November 29-30, 2019
ANEVAR National Association
of Romanian Authorised Valuers
November 29-30, 2019
ROMANIA – member of European Union
November 29-30, 2019
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
November 29-30, 2019
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
November 29-30, 2019
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
November 29-30, 2019
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
November 29-30, 2019
ANEVAR TODAY• Publishes: “The Valuation Journal”, “Value- whenever it is”
magazine and Newsletter
• It is present on social media: Web, Facebook and Tweeter
November 29-30, 2019
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
November 29-30, 2019
ANEVAR & INTERNATIONAL COOPERATION
November 29-30, 2019
• 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
November 29-30, 2019
• 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
November 29-30, 2019
• 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!
November 29-30, 2019
November 29-30, 2019
• FILM
Thank you!
November 29-30, 2019
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