INVESTMENTS
-US-based Vanguard, one of the world’s largest investment companies, bought 1.52% of Bucharest-listed real estate developer One United Properties shares via the Bucharest Stock Exchange, Ziarul Financiar has found from fund reports as of August 31, 2022.
-Investors who want to build a factory will have single point of contact with authorities, announced Bogdan Chiritoiu, the president of the competition authority.
-Investors keep shifting their attention from office investments towards other real estate segments, a report by international law firm CMS and commercial real estate services and investment firm CBRE reveals.
CONSTRUCTION
-According to CBRE Romania, only one additional project is expected to be completed by the end of the year, making 2022 the year with the lowest number of office buildings delivered over the last five years.
-In August, the volume of construction works in Romania increased, in unadjusted data, by 15.7% y-o-y and was up 15.6% when adjusted to the number of working days and to seasonality, National Institute of Statistics data showed on Wednesday (Oct 19).
MACROECONOMY
Romania’s annual inflation rate would probably stick to an upward path until towards year-end, yet at a visibly slower pace, thus climbing above the slightly decreasing values envisaged over the short time horizon by the latest medium-term forecast, minutes of the Executive Board meeting of the National Bank of Romania revealed.
