Real estate developer NEPI Rockcastle, the largest owner and manager of shopping centers in CEE, registered a 12.7% increase in net operating income in the first quarter of 2024 against Q1/2023, to EUR135 million.
Prices for old apartments in Brasov rose fast in April by 21% year-on-year to an average of EUR1,930/ square meter, while the average asking price for new apartments reached EUR2,053/ square meter, 8% higher than in April 2023, according to the latest data on Storia, the real estate platform launched by OLX.
Bucharest office market continued to grow in the first quarter of this year in terms of demand both as regards traded volumes, as well as the average deal level, amid an extremely limited supply, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.
Delgaz Grid, part of the E.ON Romania Group, in 2023 carried out the largest investments of the last 18 years, which targeted the natural gas and electricity distribution networks, and exceeded RON874 million (around EUR177 million).
The CONFIDEX index, which determines Romanian managers' confidence in the economy, shows that the proportion of managers who declare themselves optimistic about the situation of the Romanian economy has grown to 34%, compared to 26% in the previous semester, while 38% of them remain cautious, as per the latest CONFIDEX survey for the first half of 2024.
RCS & RDS, one of the leading providers of convergent electronic communication services in Romania, has announced that it has changed its name to Digi Romania, effective May 15, 2024.
Plastic packaging producer Romcarbon ended the first three months of 2024 with a net loss of RON1.5 million at an individual level, from a positive result of RON3.2 million in the same period of 2023.
Arctic Stream, an IT security and infrastructure integrator, for the first three months of 2024 reported RON1.98 million net profit, down 10% from the year-earlier period, and RON1.8 million operating income, 35% lower.