Romanian Real Estate News – 28/11/22

Romania real estate news

INDUSTRIAL

CTP, Continental Europe’s largest listed owner, developer and manager of logistics and industrial real estate, plans to expand its CTPark Bucharest South logistics park by an additional 75000m2. CTPark Bucharest South is strategically located between the Bucharest ring road and the future A0 motorway.

RETAIL

-Romania expects to see a new wave of price increases over the next three months and employers talk about an “accentuated” increase in retail prices, National Institute of Statistics data showed.

-Romanian courier company Cargus SHIP & GO network reached 3,000 locations this month, most of which are PUDO (pick-up and drop-off) points, thus covering over 750 cities in Romania and being able to deliver almost 75,000 parcels per day.

ECONOMY

After almost a decade of very strong GDP growth, Romania is preparing itself for a steep slowdown, Ziarul Financiar reported citing Dimitrios Goranitis, Banking and Capital Markets leader, Deloitte Central Europe.