Urbanization and the expansion of cities in Romania, through the construction of new housing units, apartment buildings, residential complexes and of new shopping centers in previously underserved areas, have led to an increase in the distance people need to travel to reach malls, as per a survey conducted by Brand Management.
A total 25,936 housing units were put into use in Romania in the first half of 2024, fewer by 6,141 units (-19%) than in the same period of 2023, data from the country’s statistics board INS showed on Wednesday (Sept 11).
Net investments in Romania’s economy totaled RON80.2 billion in the first half of 2024, up 5.6% year-over-year, with the bulk of the mount going to the construction sector, holding a share of 40.6% versus 45.5% in the same period of 2023, data from the country’s statistics board INS showed on Wednesday (Sept 11).
Romania's annual inflation took a step back but stayed above 5%, reaching 5.1% in August 2024, after climbing to 5.4% in July 2024, data from the country's statistics board INS showed on Wednesday (Sept 11).
Local real estate developer and investor River Development, controlled by entrepreneur Ion Radulea, is changing its name to SEMA Real Estate in the wake of a rebranding process.
EssilorLuxottica giant, which has recently acquired OPTIBlu and Optiplaza stores, is also investing in local production and building an integrated business on Romania’s optical market.