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Elmec buys building in Bucharest for 3m euros
Elmec Romania, a division of the Greek clothing and footwear distributor Elmec Sport, has purchased a building in Bucharest for three million euros, according to an announcement by the Greek...
Higher appetite for credits in RON
The population's appetite for consumer credits in RON went up significantly in February, after volumes registered an almost two-fold increase against the previous month in absolute terms. Co...
One sqm of mall/capita, a realistic target for developers
Cities such as Arad, Ploiesti and Iasi could all see five malls spring up in the coming years. Postponed projects, lower rents and yields, and conversion of existing space are several things...
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....
Draxlmaier on course for 180m-euro turnover
Germany's Draxlmaier, one of the first foreign manufacturers in the automotive industry to set foot in Romania, expects to reach turnover worth 180 million euros this year, up around 9% on 2...
Best destinations for travel agencies
Greece, Turkey and Spain are the destinations that generate over 30% of travel agencies' turnover. The three countries also dominate in terms of growth pace, with players in the field expect...
kika expects 30-50m-euro sales for its first store
Austrian furniture and decorations retailer kika could derive sales worth 30-50 million euros from its first store, which will open at the end of the year in Bucharest's retail park West Par...
WB: Romanian banks charge relatively high fees for basic services
CEE banks prefer to rely on fees levied for account management and cash operations, while tariff gaps between players are quite wide. Romanian banks are relying on fees for account managemen...
RomTelecom bets on integrated IT&C services for business customers
Romtelecom, the largest fixed telephony operator on the domestic market, intends to expand its range of IT&C services provided to business customers, therefore seizing the opportunity create...