Real estate investment trust Star Residence Invest (REIT.RO), established by real estate developer Impact (IMP.RO), has informed the local capital market in a report about the purchase of a 25,024-sqm land in Bucharest, on Dec 20.
The net assets of the 248 domestic and foreign open-end and closed-end investment funds operating in Romania grew by 2.1% in November 2023 up to RON39.5 billion (EUR7.9 billion), but fell by 14% since the beginning of 2023, in line with the latest data from the Association of Fund Managers (AAF).
Cathedral Group, based in Buzau and held by Romanian entrepreneur Alin Zamfira, is joining the shareholding structure of Abatorul Peris, with an ownership stake of 40%, in exchange for three meat processing and commercialization units.
The combined installed power of photovoltaic panels owned by prosumers was 1,300 MW at the end of October 2023 and, according to Romania's National Energy Regulatory Authority (ANRE), it is expected to reach 1,500 MW by the end of 2023.