Romanian Real Estate News – 06/06/23

Romanian real estate


Prices of construction materials went up 3.1% y-o-y in Romania in the first quarter of 2023, Ziarul Financiar reported.

The construction sector’s growth at the beginning of 2023 came mainly from the retail and manufacturing segment but also from the logistics sector, as international operators continue the development of networks in Romania, according to MasterBuild, a Romanian construction, logistics, and industrial development company, active since 2005 in both the industrial construction segment and commercial and residential projects.

Greece’s AVAX Group signed a contract with Iraq’s Mass Group Holding (MGH) Group for the engineering, construction and commissioning of a 1,750 MW combined cycle power plant in the Deva region of Romania, with a total budget of €673.5 million