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Equity funds' fight to beat Stock Exchange declines
Equity funds were taken by surprise by the sudden Stock Exchange slump in the first six months. Some reacted by curbing their exposure to stocks to levels specific of balanced funds, another...
InterContinental expects occupancy rate to shrink
InterContinental five-star hotel in Bucharest expects its occupancy rate to shrink this year due to the global crisis and tightening domestic competition, with the lower number of guests to...
Clients have to pass 2% interest rise and 15/25% RON depreciation tests to get a loan
The clients that take out new loans need to be able to cope with increases in interest rates by at least two percentage points and a depreciation of RON by at least 15% against the euro, and...
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...
Cluj financial-banking centre to attract investments worth 300m euros
The centre will be developed by late 2015 and will include office buildings, commercial spaces and housing units across a total area of more than 50,000 square metres. The targeted area cove...
Copos hopes to keep Crowne Plaza profit margin at 48%
Bucharest five-star hotel Crowne Plaza, controlled by businessman George Copos, expects a 48% gross profit margin this year, although seven-month figures show the hotel is not on schedule to...
Higher demand for Nike brings Elmec sales to 23m euros
Sales of Elmec Romania, a division of Greek clothing and footwear distributor Elmec Sport went up 34% in the first six months of the year, compared with the same time last year, and reached...
Carrefour Romania doubles operating income to 14.8m euros in H1
Carrefour Romania, the largest player on the hypermarket segment, in terms of turnover, doubled its operating income in the first half of the year compared with the same time in 2007, to 14....
ING's Boyer believes one more year of financial crisis still to come
The world is going through a period of intense stress and is likely to experience the financial crisis for another year, believes Eric Boyer, a member of ING Group's executive board and head...