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Shimon Galon, GTC Romania: Real estate boom will last for 3 or 4 more years
Shimon Galon (photo), the head of the Romanian division of GTC, an Israeli-based real estate developer, is currently working on more than ten real estate projects, which total one million sq...
Avenir Telecom wants 110 more stores by next April
The mobile phone retail market expects to see 4.3-4.4 million units sold this year, after around 4 million mobile phones were sold in 2006, Gabriel Pircalabu, managing director of Avenir Tel...
100% more clients with overdue loans to at least 2 banks
Out of the 38 banks that operate in the domestic banking system, 27 are expected to report positive information concerning loans granted to customers by yearend, an increase from only 13 ban...
Citibank projects more than double growth for 2007
Citibank Romania will soon be operating the biggest distribution network of all the American group's regional subsidiaries (Poland not included), with the Romanian branch set to comprise 93...
Four more international retailers expected in Romania
With 2 million square metres of retail space available until 2010 - four times more than the current level, the domestic market is attracting more and more European clothing and footwear ret...
Omniasig opens three more claim settlement centres
Omniasig insurance company, a member of the Austrian group Vienna Insurance, intends to open five new claim settlement centres by the end of 2008, in co-operation with the Police. The compan...
Polimeni: Romanian land costs 5 times more than in Poland
American developer Polimeni International, which announced investments worth 300 million euros, has completed its first two acquisitions on the domestic market, after paying 28 million euros...
BelRom adds two more locations on expansion list
BelRom, the company that developed the biggest retail park in Transylvania, in Sibiu, which was finally sold in an 83 million-euro transaction to the British fund North Real Estate Opportuni...
Only Bucharest residents save more than they borrow
Bank loans contracted by the Romanian population are larger than the time deposits opened over all the counties, with the exception of Bucharest. In the West, individual investors are positi...