Romania is the European market with the highest retail marketgrowth in the last ten years, by 123% between 2000 and 2010, withconsultants saying the market's potential continues to be one ofthe biggest, comparable only to that of Bulgaria, Poland and theBaltic states (Estonia, Latvia and Lithuania).
"Less mature markets such as Romania, Bulgaria and the BalticStates are forecast to see retail sales grow by more than 60% overthe next decade, with larger markets such as Poland, Czech Republicand Hungary all poised for growth of more than 40%," say theauthors of the study.
At the beginning of this year a series of real estate developershave started investments of millions of euros in cities such asBucharest, Craiova, Oradea and Constanţa, amid demand from strongEuropean retailers, who are counting on Romania in the long term.Big Romanian cities with an over 60% growth potential areBucharest, Piteşti and Timişoara, while in Iaşi, Cluj-Napoca,Brăila and Braşov, the market has a potential to grow by over 50%,according to the same study.
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