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GED to invest at least 300m euros in real estate
Spanish private equity company GED, which is involved in the development of the IRIDE business park in Bucharest, is set to invest 300 to 500 million euros on the Romanian real estate market...
Libra Bank grants special credits to architects
After products dedicated to doctors, Libra Bank has launched credits for architecture firms, be they for investments or for their regular activities, based on a partnership closed with The A...
Dragos Cabat moves from OTP to Citi
Dragos Cabat, vice-president of Association of Charted Financial Analysts, moved to Citibank Romania this week, taking over the position of deputy manager of the risk management department o...
BMW: Delivery period to be reduced by up to six weeks
"For BMW's range of models assembled in Europe, the delivery period will be cut by six weeks, to somewhere between six and eight weeks, while for the X5 SUV, which is manufactured in BMW's p...
OTP to launch private banking services next year
OTP Bank is set to launch private banking services early next year, by operating closely with its division specialising in asset management. "The subsidiary that specialises in asset managem...
Air France-KLM set to increase Romanian foothold
Air France-KLM (AFKLM) airline is set to introduce new flights on the domestic market in a bid to strengthen its position, after reaching an around 20% market share as a result of the comple...
Millennium banks on distribution mix to grab market share
Almost two years after losing the race for the acquisition of the biggest banking business in Romania, BCR, Portuguese Millennium Bcp group is now trying to gain a share of the 60 billion-eu...
Head of Renault increases Dacia target to 400,000 cars a year
In his second visit to Romania, Renault's president, Carlos Ghosn, has increased the production target for the Pitesti-based plant to 400,000 units by 2009. "The plant estimated to manufactu...
Tiriac's real estate portfolio to exceed one billion euros
Businessman Ion Tiriac, one of the richest Romanians, has not overlooked any segment of the real estate market, the most profitable investment field in Romania, managing to build a property...