Year
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21 malls scheduled to open this year
Just as in 2007, when the number of malls doubled to 20, developers have scheduled the majority of new launches for the last quarter of the year. New openings on the market this year include...
Savings slowdown since start of the year
The Romanian currency has become even less appealing for deposits despite NBR's efforts to tighten its monetary policy since autumn in order to encourage savings. In addition, foreign curren...
TriGranit to start work on Esplanada next year
Real estate developer TriGranit, which is involved in the development of the Esplanada project in the centre of Bucharest, intends to start work on the project in the second half of next yea...
Raiffeisen: excess RON on monetary market will be absorbed in a year
The excess liquidity on the monetary market has declined significantly over the last few years to a level of around 6 billion RON (equivalent to 1.7 billion euros) at present, from as much a...
Restructuring of the year: Romtelecom
In less than one year, the biggest fixed telephony operator on the market will lay off 20% of its employees as part of a process that will leave Romtelecom with 10,000 staff from 45,000 in t...
Novotel's value increases 50% one year after acquisition
Novotel, the four-star hotel located on Bucharest's Calea Victoriei, has recently been valued at 44.7 million euros, up 50% on the acquisition price paid by Austrian investment fund Sparkass...
Half a billion euros aimed at hypermarkets this year
On the domestic hypermarket segment Carrefour is the market leader in terms of sales, while Real boasts the largest number of stores, and Auchan the largest number of shoppers. However, ther...
Banks pay 10% a year for term deposits in RON
Small players in the banking system, such as Bank Leumi and ProCredit, increased the interest rates paid for term deposits in RON to 10% a year, in order to attract more funds from clients....
Plus Discount network to reach 80 stores in a year
The Plus discount store network plans to expand by 25-30 stores on the local market by the end of the next fiscal year (April 30th 2009), through investments estimated at 1.5 million euros f...