DEALS
Romanian investors have made real estate acquisitions worth €1.1 billion in the last 5 years, accounting for 28% in the overall volume traded in this period, becoming the most active buyers of income-producing real estate assets in the country, data provided by real estate consultancy Cushman & Wakefield Echinox, showed. The local investors are followed by those from South Africa (with acquisitions worth €600 million, corresponding to 15% of the total volume), Austria (14% share), Israel (9%) and Hungary (8%).
CONSTRUCTION
-Spedition UMB, Romania’s largest building company by 2021 figures, saw its 2022 turnover soar by 61% to RON2.1 billion from 2021, Ziarul Financiar reported. Profit posted a fourfold increase, to RON137.8 million, but the number of employees is still low, at below 50.
-Romania’s job candidates’ salary expectations are on average 30% – 40% higher than employers’ offers. Expectations by field of activity: IT: RON9,000, Retail: RON5,000 Construction: RON7,000 Automotive: RON6,500, data from Salario, developed by online recruitment platform eJobs, showed.
