Romania: Survey: Major real estate investors and developers in Romania (...)

December 9, 2022

Survey: Major real estate investors and developers in Romania plan to continue expansion
Dec 9, 2022

Survey: Major real estate investors and developers in Romania plan to continue expansion.

Real estate investors and developers active in Romania argue that inflation, the increasing financing costs, the geopolitical situation, and the increasing construction costs are the main macroeconomic factors that may impact the Romanian real estate market, as these factors are expected to put (...)

[Read the article in Romania Business Insider]

SEE ALSO IN ROMANIAN NEWSPAPERS

OMV Petrom ends 2022 with 10.3 B RON in profit In 2022, the OMV Petrom Group recorded a net profit of 10.3 billion lei, 260% higher compared to the previous year, according to the unaudited financial results submitted to the Bucharest Stock Exchange on Thursday. “The year 2022 was an unprecedented year for the energy industry, with energy (...)

Speedwell Gets EUR24.3M Loan From BRD To Erect Two New Residential Buildings In Timisoara Belgian real estate developer Speedwell has contracted financing worth EUR24.3 million from BRD Groupe Societe Generale in order to construct two green residential buildings in Romania’s western city of Timisoara.

Sphera Franchise Group Appoints Andrada Busuioc As Communications Manager Sphera Franchise Group (SFG), the franchise operator of the KFC, Pizza Hut and Taco Bell restaurants in Romania, and of KFC units in Chisinau (Republic of Moldova) and Italy, has appointed Andrada Busuioc to the position of Communications (...)

JYSK Seeks To Open At Least 15 Stores In Romania In 2023 Scandinavian furniture and home products retailer JYSK continues its expansion in Romania as it plans to open at least 15 new stores and to also refurbish at least 13 older units in 2023.

DNA' Bologa: 72 pandemic related files sent to court, 90 other still in progress The National Anti-corruption Directorate (DNA) chief prosecutor Crin Bologa said on Thursday that more than 70 cases “with dozens of defendants” in connection with the COVID-19 pandemic have been sent to trial. “We have a more special situation, because we have begun to avoid these causes starting (...)

Romania Industrial Production Prices Soar 32.8% YoY In December 2022 Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 32.8% in December 2022 compared to December 2021, data from Romania's statistics board INS showed on Thursday (Feb 2, (...)

Banca Transilvania Enters Top 300 of 2023's Brand Finance Banking 500 Banca Transilvania, the leading lender in Romania, is among the 300 most valuable banking brands in the world this year, where it climbed to 297 from 302 in 2022, according to Brand Finance Baking 500 2023.