Romania fourth in the EU in terms of retail growth potential

Bulgaria, Lithuania, and Latvia, with 96, 86 and 74 percent, respectively, are ahead of the Romanian market. The local market growth rhythm has dropped compared to the past eight years, when it stood at 102 percent, and at twhich time Romania was fifth in Europe in terms of attractiveness for retailers..

“The reevaluation of commercial assets, whose market value will drop by up to 30 percent, from a high in 2007 to a low forecast for 2010, will lead to new investment opportunities for players who have liquidity, such as state-owned investment funds,” explains the study.

Romania is 17th in Europe in terms of investments in shopping centers, at €1.19 billion, in the 1999-2007, all of which was invested by international companies, and 2007 alone attracted investments worth €676 mln, placing Romania in 10th