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Elimination of down payment for credits to drive flat prices up
The elimination of the 25% down payment for mortgage credits will prompt a new increase in the price of flats, according to representatives of the real estate market. In anticipation of a ne...
Romanians acquire taste for off-season holidays
Romanian tourists have started to enjoy off-season holidays, where travel agencies and hotel operators lower holiday prices, making them all the more attractive. Expenses made by Romanians f...
370m-RON turnover for Henkel Romania
Henkel Romania, the local subsidiary of the German group Henkel, posted an approximately 370 million-RON (104 million-euro) turnover in 2006, a 34% increase against the previous year. Earnin...
Tender sells ARDAF stake to PPF Investments for 35 million euros
Czech investment fund PPF Investments has bought 56% in insurance company ARDAF following a 35 million euro deal with Tender SA, held by businessman Ovidiu Tender. PPF Investments conducted...
Praktiker aims for over 30-outlet network
Guenter Vosskaemper, the general manager of Praktiker Romania, the biggest DIY chain domestically (16 outlets), says the company is halfway through its network expansion. Praktiker Romania D...
Immoeast goes shopping again, spends 90 million euros for S. Park
Austrian investment fund Immoeast has bought the S. Park business park developed by Primavera Development close to Piata Presei, in an about 90 million-euro deal, one of the biggest transact...
6 million-euro brick business for Mureseni
Targu-Mures-based Mureseni, a producer of ceramic blocks, part of the Kronberger group, estimates a 6 million-euro turnover this year, up 10% against 2006. "We are predicting the upward tren...
Banca Romaneasca looks for clients among SMEs
Banca Romaneasca, the local branch of the National Bank of Greece, launched three funding projects yesterday, dedicated to small and middle-size enterprises (SMEs), through which it covers t...
BCR integration due for completion by mid-2008
Speed is more important than perfection and a solution that takes care of a problem 80% is enough if it contributes to integration and brings faster benefits. This is the principle Manfred W...