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Yacht market to triple by 2010
The number of yacht owners will triple in five years'' time, according to representatives of the companies that operate in this segment. The small club of yacht owners currently comprises ab...
Eforie sells assets to pay for modernisation
Turism, Hoteluri si Restaurante Marea Neagra (Black Sea Tourism, Hotels and Restaurants - THR), the former Eforie company, has put on sale 35 tourism assets for which it is asking at least 1...
Tiriac Jr. appointed to the HVB''s Board
Ion Alexandru Tiriac, son of businessman Ion Tiriac, was appointed member of the Board of Directors of HVB Bank Romania, given that the Dutch firm Redrum, controlled by his father, owns 49.9...
Phoenicia plans to set up hotel network
The Phoenicia Hotels company, which manages the Phoenicia four-star hotel of Bucharest, intends to create a hotel network, Dinel Saizu, Phoenicia general manager, told ZF. "The next hotel mi...
Germanos goes to North of the Capital
Telecommunications retailer Germanos has rented approximately 1,500 square metres in the Avitech class B office building in the northern part of Bucharest, according to the company CB Richar...
Banca Transilvania asks shareholders to come up with 35m euros
Banca Transilvania will ask 35 million euros in cash from its shareholders in order to continue its development process. The capital increase will be done by distribution of bonus shares and...
Leasing market to go up to 2.3 billion euros in 2006
The total leasing market will amount to 2.3 billion euros this year, up by some 15% on 2005, the representatives of the Banking Leasing Association (ALB) say. The total value of the goods fi...
Diekat to refocus on private sector for growth
Athanasios Manousos, the man running the Romanian operations of Diekat, the Greek construction group, states that in line with the policy designed to boost the group''s domestic business, th...
RON to continue to grow stronger on medium term
The RON will continue to grow stronger in the medium term, say bankers, although it might take fluctuations in order to achieve this. Misu Negritoiu, deputy chief executive of ING Bank, sees...