In the first six months of this year, the members of TechAngels - the largest network of business angels in Romania, have invested a total of more than EUR1 million in technology start-ups, participating in both new and follow on funding rounds.
METRO Romania, the largest wholesaler in the local market, is speeding up investments in the proximity retail segment, by proposing a new store concept - LaDoiPasi Extra, which targets urban and peri-urban communities.
Private healthcare services provider Gral Medical, one of the largest on Romania’s market, controlled by Romanian entrepreneur Robert Serban, has invested EUR7 million in OncoFort Ploiesti, the first oncology and radiotherapy hospital in Prahova County.
Urbanization and the expansion of cities in Romania, through the construction of new housing units, apartment buildings, residential complexes and of new shopping centers in previously underserved areas, have led to an increase in the distance people need to travel to reach malls, as per a survey conducted by Brand Management.
A total 25,936 housing units were put into use in Romania in the first half of 2024, fewer by 6,141 units (-19%) than in the same period of 2023, data from the country’s statistics board INS showed on Wednesday (Sept 11).
Net investments in Romania’s economy totaled RON80.2 billion in the first half of 2024, up 5.6% year-over-year, with the bulk of the mount going to the construction sector, holding a share of 40.6% versus 45.5% in the same period of 2023, data from the country’s statistics board INS showed on Wednesday (Sept 11).
Romania's annual inflation took a step back but stayed above 5%, reaching 5.1% in August 2024, after climbing to 5.4% in July 2024, data from the country's statistics board INS showed on Wednesday (Sept 11).