Romanian Real Estate News – 13/02/23

Romanian Real Estate News


-In 2022, company deregistrations in Romania advanced 10.08% from the previous year to 73,639, the National Trade Register Office (ONRC) data show. The activity sectors with most company deregistrations were wholesale & retail trade, the repair of motor vehicles and motorcycles (up 6.59%), construction (8.08%), and professional, scientific and technical activities (up 10.33%).

-The Mayor of Bucharest, Nicusor Dan, stated on Monday that the way construction is done in Romania and in Bucharest is a matter of national security and expressed his hope that those corrupt in the real estate sector will end up in prison before an earthquake and not after, as is happening in Turkey, reported. Dan also estimates that within 10 years the buildings with seismic risk in Bucharest (the buildings that have a red circular plaque means they are prone to collapse in case of an earthquake) could be consolidated but getting the agreement of all landlords is still “difficult,” especially when we are talking about blocks with several apartments.


ELI Parks, developer, investor and asset manager of logistics and industrial real estate focused on Romania & SEE, will kick off a new logistics and industrial project in Oradea, in northwest Romania. The companies will invest €22 million in the new park that will have a leasable area of 30,000 sqm.