Romania's residential market experienced a significant surge in July, with a record number of apartment sales recorded in Bucharest and other major cities.
The Romanian residential market has seen transactions falling by nearly 9% in the first four months of 2025 compared to the same period in the previous year. In Bucharest, the fall in deals reached 12%, according to data released by Colliers.
Romania's housing market faced a significant imbalance in 2024, with new home deliveries falling 15% nationwide and over 20% in Bucharest, while demand rose by 7%, finds a Colliers report.
Romania remains one of the countries with the lowest mortgage penetration rates in the European Union, according to a Colliers' analysis.
Romania's residential market recorded around 26,000 new home completions during H1 2024, down 20% over the same period of last year, according to Colliers data.
In the rest of the country, however, demand in the residential market has seen an even higher increase of 19%.
Romania's real GDP growth is forecast to remain low over the next two years, primarily due to the necessary fiscal consolidation measures that will slow consumption.
CEC Bank continues to support entrepreneurs from rural and agricultural sectors by signing a new guarantee agreement with the Rural Credit Guarantee Fund (FGCR), which allows refinancing of AGRO and RURAL loans.
Endava, the technology-driven business transformation group, and Paysafe, a payments platform, announced a multi-year strategic partnership to bring payments and community engagement solutions to market faster.
Family business revenues are projected to reach $29 trillion by 2030, reflecting an 84% increase compared to 2020, according to a Deloitte study. These businesses currently account for 19% of all business revenue globally and represent more than 18,000 entities worldwide.
In 2023, the EU spent €1.72 trillion on healthcare expenditure, equivalent to 10.0% of the EU's gross domestic product, according to Eurostat.