Hagag Development Europe has started the construction for the second and third phases of H Pipera Lake residential complex in Pipera, near Bucharest, after securing the permits from local authorities.
Hagag Development Europe has resumed construction works for Phase I of its H East Residence project and plans to deliver the first homes in Q4 2026, following an investment of €43 million.
The World Bank revised down Romania's 2026 growth forecast to 1.3%, compared to the 1.9% predicted in June 2025 and 2.6% estimated in January 2025.
Banks in Central Eastern South-Eastern Europe report improving trends, with credit demand remaining robust, particularly from companies, while banks anticipate improvement in credit supply following a period of contraction.