Iulius Group is one of the developers that have over the past year and a half had several initiatives to support new entrepreneurs with still small turnovers.
Most recently, Iulius has announced it carries out a program meant to support local entrepreneurs under the name of Go Local. Interested entrepreneurs undergo a selection process and selected business get temporary rent exemptions for presence in Palas Iasi and Iulius Town Timisoara or Iulius Mall network of Iasi, Cluj-Napoca and Suceava.
In early 2021, Iulius officials said they were set to earmark 25% of a 6,000-sqm additional retail area in Palas project of Iasi for local entrepreneurs and producers.
To the same end of supporting local entrepreneurs, Iulius Group this year started building the two Family Market projects, two concepts bringing together several types of spaces.
Overall, all the real estate projects developed by Iulius Group, in 2020 generated turnover worth RON522 million, down 12% from 2019. The same projects brought profit of RON6 million, from RON70 million in 2019.
(English version by Catalina Apostoiu)