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45% occupancy rate for the only 5-star hotel in Cluj
Opera Plaza hotel in Cluj-Napoca, the first five-star hotel on the Cluj market, expects a 60% occupancy rate this year, against the 45% rate seen in its six months in business in 2006. "This...
NBR rate cut caused by fear of some major risks
The NBR expects the inflation rate to reach a level of 4.3% in Q1, climb to 4.7% in Q3, settle at 4.6% by the yearend, and stay there in Q1, 2008, as well. In addition, according to the late...
Sofitel needs 65-75% occupancy rate
Exceeding the 75% threshold is difficult given the lack of tourist attractions and of large conference centres. "The reason we are 'stuck' with this occupancy rate is very simple. Hotels are...
NBR cuts monetary policy rate from 8.75% to 8%
The National Bank has managed to take most analysts by surprise with its decision to reduce the monetary policy rate from 8.75% to 8%, although it had become obvious that NBR's wish to conso...
TAROM's occupancy rate below the European average
National airline TAROM registered just 1.1 million passengers over the first 11 months of 2006, only managing figures higher than the national airlines of Slovenia and Serbia, according to t...
Raiffeisen will not join loan rate cutting race
Raiffeisen Bank Romania will develop bancassurance products together with Astra-Uniqa, the insurer in which Uniqa, the biggest Austrian insurer, owns 27%, Herbert Stepic, CEO with Raiffeisen...
No plans for rate increase, says NBR
No plans for rate increase, says NBR
NBR official recommends "tough" interest rate policy
NBR official recommends "tough" interest rate policy
NBR official recommends "tough" interest rate policy
NBR official recommends "tough" interest rate policy