RESIDENTIAL
In H1 2024, a total 25,936 housing units were put into use in Romania, fewer by 6,141 units (-19%) than in the same period a year ago, data from the National Institute of Statistics showed. On an annual basis, decreases were observed in all regions: Bucureşti–Ilfov (-2193 housing units), Sud–Est (-1494), Centru (-926), Nord–Est (-779), Sud-Muntenia (-370), Vest
(-222), Sud–Vest Oltenia (-106) and Nord–Vest (-51).
RETAIL
-Iulius Group, a real estate developer and operator specialized in mixed-use urban regeneration projects based in Romania, started expansion works at its shopping mall in the city of Suceava under a EUR 40 million project expected to be completed in the first half of 2025.
-Urbanization and the expansion of cities in Romania, through the construction of new housing units, apartment buildings, residential complexes and of new shopping centers in previously underserved areas, have led to an increase in the distance people need to travel to reach malls, according to a survey conducted by Brand Management. However, Romanians spend more time in shopping malls despite taking them more time to get there due to traffic.
HOSPITALITY
After acquiring Grand Hotel Gardone in Italy and Waldhaus Flims Wellness Resort in Switzerland, Paval Holding is also looking at the Romanian market to invest in the local hotel sector, Karina Paval, its vice-president told Ziarul Financiar on Monday (Sept. 16). Paval Holding is a family-owned and leadership-inspired investment entity controlled by Romanian entrepreneurs Dragos and Adrian Paval, founders of DIY retailer Dedeman.
CONSTRUCTION
In H1 2024, net investments in Romania’s economy stood at RON80.2 billion, up 5.6% on an annual basis, with the bulk of the mount going to the construction sector, holding a share of 40.6% versus 45.5% in the same period of 2023, data from the National Institute of Statistics showed.
FINANCE
Financial analysts part of CFA Romania Association forecast a 4.95% inflation rate for the next 12 months (August 2025), higher than they estimated one month ago, and see the Romanian leu at 5.0735 units/euro, in line with the August survey.
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