According to data provided by the National Agency for Cadastre and Real Estate Publicity (ANCPI), 3,862 real estate units were sold in Bucharest in June.
Over 80% of the market value is represented by the residential segment. Last year, the European market has reached €1.1 billion last year.
13% of Romanians aged between 18 and 55 in urban areas are renters and around 18% share a home they do not own with parents
The study reveals that 83% of Romanians have a plan for their upcoming vacation season. Only 6% do not intend to go on holiday, while 12% have yet to finalize their arrangements.
Travel tech company FlixBus is adding new international coach connections from Romania to Greece and bolstering existing routes to Bulgaria.
EDP, through its subsidiary EDP Renewables, has opened its largest solar park in Romania, located in Albina, taking its total solar and wind capacities in the country to 570 MW.
The German tech company cbs purchased the SAP division of Romanian company SkyConsult, marking its entry into the local market.
Romania's annual inflation rate climbed unexpectedly to 5.5% in May, up from 4.9% in April, driven primarily by increases in food and services prices.