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Analysts: The NBR will not raise interest rates after August deflation
Economic analysts have changed their mind and now estimate the NBR (National Bank of Romania) could preserve or even reduce the monetary policy rate by the end of this year, amid favourable inflation progression in August and the prospect of entering a disinfl...
RED not to develop shopping centre in Bucharest, yet
RED Management Capital, with a 350m-euro portfolio on the domestic market, which includes 22 properties, is present in Bucharest only through a partnership for a housing complex. Despite bei...
KBC Consumer Finance not looking to grow overnight
KBC Consumer Finance, the consumer finance company of Belgium's KBC group, which started operating in April, estimates it will grant loans worth 20 million euros by yearend. "So far, we've g...
Ford will not recruit for Craiova plant until 2010
John Fleming, the chairman of Ford Europe, the owner of Automobile Craiova, says the first wave of recruitment for the production centre in Oltenia will start in 2010, because the current nu...
Immoeast will not sell at undervalued prices
Representatives of the Austrian investment fund Immoeast, the most active buyer of real estate property on the local market, with a portfolio of 3.3 billion euros, say they will not sell pro...
NBR relaxes regulation, but not enough
The final draft of the regulation for lending to the population, adopted by the NBR (National Bank of Romania), is "less restrictive" than was initially expected, but bankers also have provi...
Kraft Foods: priority is market share value, not volume
Peter Muller, managing director of Kraft Foods Romania, a company with turnover worth around 146 million euros, will focus more on premium products, but will not drop low-end brands such as...
Emerald will not cut prices despite falling sales
Located on the banks of Bucharest's Tei Lake, Emerald complex is one of the first housing projects to deliver over 200 apartments onto the market. The representatives of Brooklyn Investment,...
ING believes it does not need an acquisition in Romania
ING believes it does not need to make an acquisition on the Romanian banking market, with the first strategic option being the continuation of organic growth for which it has sufficient reso...