The European property market has begun to adapt to new conditions. The latest data, based on a survey in 28 countries across Europe, has clearly confirmed this, according to the 14th edition of the Deloitte Property Index.
M Core has significantly expanded its retail portfolio with over €150 million in strategic investments over the past six months and has an active pipeline exceeding €200 million in projected developments over the next two years.
Global leaders are increasingly confident in their organizations' AI initiatives, with eight out of ten organizations (78%) anticipating an increase in their overall AI.
Construction labour cost and availability have become the primary concerns for real estate developers in Central Europe, according to a new survey by Deloitte. This shift sees it surpassing project financing, which has been the dominant issue in recent years.
AI agent usage is rising, with 25% of organizations using Gen AI expected to deploy it by 2025, increasing to 50% by 2027.
Companies that received the certification are Agexim Transport & Logistics, Christian'76 Tour, Compexit Grup, IRUM, Perla Harghitei and Temad Co.
The study shows that data-related issues have caused 55% of the organizations to avoid certain Generative AI use cases.
Amid higher prices expectations, buyers remain wary, and many intend to cut back on gifts for themselves or to switch to lower-priced brands.
Seven out of ten companies in Romania expect an increase in impact of circular economy regulations from moderate to high and very high in the next five years.
Another important aspect for the organizations' success identified by the study is reimagining the work, workplace, and workforce in line with technology developments (67%).
Nearly 60% of respondents see the potential of e-invoicing and digital reporting for trade to simplify compliance.
Romania has a considerably higher rate of young people who make plans for their future (96%), among which 54% have well defined plans, compared to 40%, the European average.
IRIDE is the first and one of the largest business parks in Bucharest, located in the Pipera area.
The use of AI leads to increase in sales productivity and customer satisfaction and to decrease in marketing overhead costs.
The transaction has an estimated value of approximately €27 million and was recently signed.
Back-to-school spending is likely to remain unchanged this year, as 73% of parents are concerned about rising prices for everyday purchases.
The Confidence Index, which is typically linked to economic expectations, has climbed for a fourth consecutive semester to 118, from 58, in June 2022
The average price of new homes in Romania amounted to €1,504 per sqm in 2023, which was the third lowest price in Europe, behind Bosnia and Herzegovina and Greece, according to a Deloitte report.
Households' average monthly spending on streaming video on demand (SVOD) platforms has increased by almost 30% compared to last year, from $48 to $61.
EU Corporate Sustainability Reporting Directive (CSRD) imposes new reporting requirements for which CFOs are generally appointed responsible.
The government has greenlit a memorandum to approve a €500 million financing contract between Romania and the European Investment Bank (EIB) to support the A1 Sibiu-Pitești motorway project.
Vastint Romania has joined a wider initiative for the revitalisation of the Dâmbovița River, its banks, and surrounding areas.
DRUID AI, the developer of an enterprise AI platform, has secured a $31 million Series C financing round to propel the global expansion of its agentic platform.
Exim Banca Românească has provided approximately €14 million in financing for a new greenfield investment.
Coca-Cola HBC Romania has completed an investment of RON 5 million (€1 million) in a new photovoltaic park at its plant in Timișoara.