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EBRD gives 11.5m euros to mortgage company
The European Bank for Reconstruction and Development (EBRD) next month will grant 11.5 million euros to the Romanian-American Mortgage Credit Company, established by the Romanian-American En...
High yields on Bucharest real estate market fail to attract big investors
"Everybody faced the same problems, but we had more guts." This is how the official of a big foreign company explains the somehow paradoxical situation on the Romanian real estate market. Th...
Economic growth fails to boost foreign direct investment
In its third year of economic growth, Romania was unable to attract more than one billion dollars in foreign direct investment, although the authorities were counting on $1.7 billion.Romania...
Banking rates keep spiraling down, trend expected to endure
Do you remember the 100-120% annual rates offered by the banks for one-month deposits back in 1997? Those days are long gone, with the banks now paying ten times smaller rates. Or, to make i...
Eforie investments to pay up in 14-15 years
Investments in the two hotels in Eforie Nord bought by the Ana Group will be recovered in 14 or 15 years, George Copos, the group's owner and founder estimates. "A tourism investment normall...
LukOil set to invest $150 million
Russian group LukOil will invest approximately $150 million on the Romanian market this year, with the bulk of investments allocated to the expansion of its gas station network from 90 to 20...
Petrom consultant to present plans next week
The consortium comprising Credit Suisse First Boston and ING Barings investment banks, the consultant appointed for the privatisation of SNP Petrom, will present its report on the company an...
Turbomecanica profit goes to shareholders
The Board of Directors of the aircraft engine and mechanical subassemblies producer Turbomecanica Bucharest proposes its shareholders a gross dividend of 6,348 ROL/share, which accounts for...
Romanian exports close to $14.5bn annual target
Romanian exports started the year in full gear, with January revenues amounting to $1.24bn, up 36% from the same month in 2002. Exports maintained above $1.2bn for the fifth month in a row,...