The retail market in Romania has room for growth, considering that short-to-long term pipeline exceeds 800,000 sqm, consisting of projects under construction or in different permitting stages, which are due to be completed by the end of the decade.
Romanian developer Iulius has obtained the urban zoning plan (PUZ) from the local council for a new urban regeneration project in Cluj-Napoca that will have a planned investment of more than €500 million.
Bucharest's short-term rental industry is expected to outperform the previous year's level and has already recorded estimated revenues close to €24 million in H1 2024, according to a Crosspoint Real Estate report.
CBRE Romania has purchased the franchise for a job fair that will be launched for the first time in Bucharest under the “night of companies” concept.
The office leasing volume closed in H1 2024 grew by 0.2% compared to the same period of last year, with Bucharest seeing the biggest activity, followed by Cluj-Napoca and Timișoara, according to a report by Fortim Trusted Advisors.
The annual inflation rate in October 2024 compared to October 2023 calculated on the basis of the Harmonized Index of Consumer Prices (HICP) was 5%.
The General Assembly of Angst's creditors approved the sale of four commercial spaces in Bucharest and one in Ilfov, with a total market value of €3.6 million.
This partnership aligns both companies in empowering digital health innovators with a scalable, ISO 13485 and ISO 27001-certified platform.
A development strategy focused on advanced services, automation, and niche analysis, such as ESG, will allow Romania to harness the enormous potential of this industry.
With a primary focus on integrating IBM products, Inter Computer Romania set a goal to achieve a turnover of €3 million in its first year of activity.