Romanian entrepreneurial group Agroland has invested EUR350,000 in two new MEGA stores, in Odorheiu Secuiesc and Orastie, and wants to step up the development of this format starting next year, from 36 units currently.
Automobile Bavaria, the largest BMW dealership network in CEE, has opened in Constanta one of the biggest and modern BMW authorized service centers in Romania, in the wake of an over EUR3 million investment.
ARK Invest expects another $300 billion in liquidity to return after the government shutdown, a development that may alleviate the “liquidity squeeze” affecting crypto and AI valuations. Equities and cryptocurrency markets may be setting up for a year-end reversal as liquidity improves and US monetary policy turns more supportive following the end of the record government shutdown. Improving market conditions will be driven by the increasing liquidity, which has already returned $70 billion into markets since the end of the US government shutdown, with another $300 billion expected to return over the next five to six weeks as the Treasury General Account normalizes, according to investment management company ARK Invest. Another potential catalyst will arrive on Dec. 1, when the US Federal Reserve is scheduled to end its quantitative tightening program and pivot toward quantitative easing, a shift that involves bond-buying to lower borrowing costs and stimulate economic activity. Read more
Brico Depot is opening in Targoviste the largest kitchen showroom in its entire network, after an investment which led to the expansion of the commercial space with 1,000 square meters.
PPC blue, the electric mobility arm of PPC group in Romania, has taken over Hermes Flow network that comprises 116 EV charging stations, of which 72 unit in Bucharest-Ilfov and the rest distributed in 10 counties of Romania.
Housing prices have risen by as much as 100% in major cities of Romania in the past six years and Bucharest administrative crunch swells market pressure. Bucharest registered a 45% decline in building permits in the past three years, which is severely constraining new house supply.