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Prices for old flats in Bucharest fall by 10-15%
The prices of old flats in districts like Drumul Taberei and Militari in Bucharest have fallen by 10-15% since the beginning of the year, despite the fact that owners keep asking for the sam...
30m euros for yoghurt advertising campaigns
In their battle over market shares, dairy industry producers have significantly increased their promotional investments in the first half of this year, after budgets went up by 13% from Janu...
33% take-up and 2.7m euro business for Rin Grand Hotel
Rin Grand Hotel in Bucharest, the largest hotel in Europe, posted 2.7 million-euro turnover in the first three months of the year, while take-up reached 33%. "Our average capacity during the...
Appetite for consumer loans will remain high until 2010
Consumer lending will increase substantially over the next two years, and will eventually account for 22.7% of the Gross Domestic Product, compared with 14.8% at the end of last year, believ...
Bankers would like minimum reserves set up for leasing companies, too
Bankers have asked the NBR (National Bank of Romania) to set up minimum mandatory reserves for leasing companies for the funds they attract, in the wake of increased competition due to the r...
Tinu Sebesanu seeks financing for Neptun hotel
Neptun hotel, which Grand Plaza Hotel SA acquired last year from AVAS, is partially up for sale. The purpose is to raise capital for the renovation and development of 30,000 square metres of...
McKinsey: There isn't room for everybody on the market
The number of branches is the most successful aspect of the Romanian retail banking market, states Andrei Caramitru, managing partner at the Romanian office of McKinsey, one of the most impo...
Pomponio, a strong rival for listed construction firms
Pomponio Alba-Iulia (PMN), which is currently carrying out a public offering in view of floatation on the BSE, has a P/E ratio almost half the average level of the most important domestic is...
ECB asks NBR for in-depth assessment of banks' real estate risks
The European Central Bank (ECB) has requested the National Bank of Romania assess the exposure of banks in Romania to the commercial real estate market based on two detailed questionnaires,...