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Polimeni: Romanian land costs 5 times more than in Poland
American developer Polimeni International, which announced investments worth 300 million euros, has completed its first two acquisitions on the domestic market, after paying 28 million euros...
Only Bucharest residents save more than they borrow
Bank loans contracted by the Romanian population are larger than the time deposits opened over all the counties, with the exception of Bucharest. In the West, individual investors are positi...
Paper consumption, 8 times lower than in the West
SCA Hygiene Products, the Swedish producer of Zewa, one of the most established global paper brands, generated 70% higher Zewa sales on the Romanian market in the first five months of this y...
Sales of home appliances less seasonal than before
Ugur Kayali, general manager of Arctic, Romania's biggest producer of home appliances, says the market in the first quarter of this year underwent some changes compared with the similar peri...
Romanians' net savings, 4 times lower than regional average
Romania is expected to witness strong growth rates in terms of population assets and financial debts, but will continue to lag behind other neighbouring markets, according to a survey conduc...
Cash withdrawal - 300% more expensive than in the rest of the EU
The cost of withdrawing cash from ATM machines, from both a current account or from a deposit, accounts for 33% of the average annual price for banking services paid by a Romanian client. Th...
CEC to sign with EBRD this week, several days later than planned
The lending contract between the EBRD and CEC (The Romanian Savings Bank) to finance SMEs will be signed this week, with a few days' delay, but an annulment of the deal is out of the questio...
Ardaf sees more claims settled than underwritten
Insurance company Ardaf, which was taken over at the beginning of 2007 by the Czech financial group PPF, has settled claims worth 50.7 million RON (15 million euros) in the first three month...
Sofa sales grow faster than the furniture market's
Sales of sofas on the domestic market have registered a growth rate of over 30% a year, several times higher than the rate of the overall furniture market, aided by a boom in construction se...