Genesis Property has announced the completion of works on Phase 2 of the YUNITY Park project following an investment of EUR20 million.
The Ministry of Finance continues the issues of Fidelis government bonds for retail investors and carries out a new offer on Bucharest Stock Exchange (BVB), between November 27 and December 15, 2023.
Climate change mitigation efforts in Romania will require public support as they entail increases in consumer prices and/or taxes, as per a World Bank report dedicated to Romania.
Amidst a fluctuating global economic landscape marked by improved consumer confidence and a temporary halt in rate hikes, the 2023 global real GDP growth forecast has been adjusted upward to 2.4%, backed by robust employment conditions and substantial fiscal stimulus, as per GlobalData’s latest report, “Global Macroeconomic Outlook – Q4 2023 Update.”
Over 70% of real estate developers in Romania present a major insolvency risk amid rising challenges generated by falling real estate sales and hiked taxes, reveals an analysis conducted by consulting firm Frames.
Romania is emerging as a major regional distribution hub, especially in southeastern Europe and the stock of logistic spaces is likely to top 10 million square meters by the end of this decade, from 7 million at present, way below that of some countries in the region such as Poland or Czechia, reveals a Colliers analysis.
Tech company 2Performant Network, the biggest player on the local affiliate marketing market, registered RON32.2 million turnover during the January-September 2023 period, 36% higher than in the year-earlier period.
Belgium’s WDP is close to clinching the acquisition of Doraly, in line with real estate market data, in one of the biggest real estate deals on the local market, put at over EUR100 million by ZF.