Romania recorded a 131% y-o-y growth of the real estate transaction volume during H1 2024, reaching a level of €418 million, corresponding to the highest growth rate in the Central and Eastern Europe (CEE). This significant evolution places Romania 3rd in the region, following Poland and Czechia, surpassing Hungary and Slovakia. The retail and industrial segments were the main drivers on the local market, accounting for 90% of the total volume, while office transactions comprised just 4%, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
German auto parts maker Anton Haering will build a factory worth around 60 million euro ($65 million) in Romania's northern town of Siret, Suceava county, over the next three years, according to the town's mayor, Adrian Popoiu.
Saint-Gobain Romania announces the successful launch of the second plasterboard production plant in Turda, following the conclusion of several production tests that started at the end of last year and the finalization of a complex handover program.
PepsiCo, a global leader in the food and beverage industry, today announced the opening of an automated warehouse at its snacks factory in Popești-Leordeni. This milestone marks the completion of a strategic investment project valued at over 100 million USD.
CTP Romania completed the final reception of the construction works of the cargo terminal at Oradea Airport, a private investment of the company, worth over 33 million euros.
CTPark Oradea Cargo Terminal is the first industrial park in Romania with a cargo terminal directly connected to the runway.
Kuhn Romania, one of the leaders in the construction and industrial machinery and equipment market, reached a business volume of over 96 mil. euros in 2023 (75% more than in 2022) and aims to continue investing in company development, territorial logistics, and the team this year.
The furniture manufacturer Adore Home from Turkey, active on the Romanian market since 2022, estimates that in 2024 it will register a turnover of 3 million euros on the local market, more than 2 times higher than the level of 1.3 million euros in 2023. In the medium term, the company is considering the construction of a furniture factory in Romania and expansion in nine countries in Central and Western Europe.
Investment in production machinery and military equipment in Romania increased by 80 percent last year compared to the pre-pandemic period, well above the EU average of 30 percent, according to Eurostat data analysed by Colliers.
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