July consumer price index far exceeds expectations at 7.8% year-on-year versus the 6.5% year-on-year expected based on the Bloomberg consensus and accelerating from 5.7% year-on-year in the previous month, says Erste Group, owner of lender BCR in Romania, in a report.
Smartown Group has completed the sale of Dionisie Lupu office building in downtown Bucharest, one of the most valuable properties in its local portfolio, in a deal closed at a yield of 8.2%, which reflects investors’ appetite for prime properties in Bucharest in the current market.
Issa Resort, the five-star resort developed by entrepreneur Simion Muresan at Crama Salina, officially opened on August 11.