luxury
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Why luxury catches on in Romania: "People want to show they've got money"
Noam Lenzini, managing director of Rafael & Sons Diamonds & Jewelries, an Israeli diamonds and jewellery company, explains why he believes Romania is the ideal place for his business: "Here I saw cars that I didn't see in Milan or Israel. In Israel I think we...
Financial crunch will further hurt budget car market
Domestic sales of luxury cars will not be hammered by the US financial crunch, while the rising loan interest rates and the tighter access to lending will hurt the "volume" car market.
Tiriac JR wants "Stejarii" to be the most coveted luxury residential complex
Stejarii is being promoted by its owners as the ultimate luxury residential complex in Romania from every perspective: location, architecture, services, and buyers. The project is developed...
Paskany brings Sheraton luxury hotel to Cluj
American hotel chain Starwood Hotels and Resorts is in advanced negotiations to open the its first hotel in Romania in Cluj, within the Sigma Tower project, started by Cluj businessman Arpad...
Franco's Marina triples luxury yacht sales
Franco's Marina, importer of high-performance yachts, such as Ferretti, Pershing, Custom Line, has sold six luxury yachts over the last 12 months, over three times more than in the past. "Th...
Norwegians to build luxury project on "Cold Mountain" site
North Capital Baltikum, a Norwegian capital company, will build a luxury hotel complex in Rasnov, on the site where part of the American movie "Cold Mountain" was shot. The "Cold Mountain Lu...
Holder of Max Mara franchise introduces new luxury brands
Alsa Boutiques, the holder of the franchise for the Max Mara, Ermenegildo Zegna, Pal Zileri and La Perla brands, has expanded its portfolio to include another two women's clothing brands - M...
Salans forecasts opportunities on luxury goods market
Salans, one of the most important international law firms present in Romania, is set to become more involved in the capital market and luxury goods industry. "It's the right time for the con...
Mengotti to sell over 3m euros in luxury products
Italian Mengotti, which has already opened a multibrand luxury store on Calea Victoriei in Bucharest, will supply its store with more than 6,500 products whose value is expected to exceed 1....