Romanian Real Estate News – Tuesday 25/10/2022

Romanian Real Estate News


The George Enescu Memorial House in Liveni will be restored under a cross-border project developed jointly by the Botosani County Museum and the Ministry of Education, Culture and Research of the Republic of Moldova, according to the cultural institution in northern Botosani.


-Private lending in Romania increased by 16% in September y-o-y, to a total volume of RON364.7 billion, after local currency lending grew by 14.3% and foreign currency lending, expressed in lei, went up by 20%, National Bank of Romania data showed.

-Financial analysts part of CFA Romania see the Romanian leu depreciating to an average exchange rate of 5.0797 unit to the euro in the next 12 months, three-month ROBOR reaching 7.39% a year while expecting the inflation rate to hit an average value of 9.59%.


-Romania is the second major own production destination for some of the world’s strongest luxury fashion brands: Italian fashion house Prada last week opened a second plant in the Transylvanian city of Sibiu, while French-founded Moncler is building its second production unit in Bacau, Ziarul Financiar reported.

-Dedeman, the biggest Romanian-owned business built by local entrepreneurs opened a store in Brasov following a EUR19 million investment, with this being the first launch in 2022. The DIY company readies a new unit in Barlad.