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Romanians unafraid to take out Swiss franc or forint loans
Loans contracted in exotic currencies have posted an eightfold increase in the past year, with Swiss francs and Hungarian forints gaining in popularity in terms of consumer and real estate f...
Municipality admits inability to resolve traffic crisis
Bucharest City Hall admits it cannot solve the traffic problems, on the one hand because it is not prepared for it at an institutional level, and on the other hand, because setting up new pa...
Bucharest takes to apartment towers
At least twelve of the housing projects announced on the domestic market so far include blocks with heights starting from 14 storeys and going as high as 24 storeys, as is the case of Asmita...
E.ON GAZ: Gas prices to rise by 30% in 2008
Gas prices for final consumers will rise by 30% by the end of 2008, with the year due to start with a 10% hike following imported gas price increase, estimates E.ON Gaz Romania, which acquir...
Loans taken in stores set to go up further
Consumer lending firms have ambitious plans for 2008, still seeing potential for sustained growth, of above 50%, after having achieved turnover increases at about the same rate this year. BR...
Proges plans to build 20-store network in Hungary
Oradea-based Proges, specialising in the distribution of interior decoration materials, plans to open a 20-store network in Hungary, following a 20 million-euro investment. Proges has recent...
Hertz Lease to manage 1,000-car fleet
Operational leasing company Hertz Lease, which entered the market in March, estimates to manage a fleet of 1,000 cars by the end of 2008 - double the current level. "Our target for this year...
Private pension association to elect board in January
The Association of Privately Managed Pensions in Romania (APAPR) has adopted a new statute and will elect its management in January, after the pension lottery takes place during the same mon...
Furniture market poised to top 1bn euros
A 10-15% surge sustained by the real estate boom, further segmentation and the arrival of new players, as well as mounting exchange rate pressures are several features expected to characteri...