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Average Bucharest inhabitant must work 61 years to afford city centre apartment
A Bucharest inhabitant with an average monthly wage would have to work 61 years (736 months) to be able to afford a 120 sqm apartment in the centre of the Capital, during which time they wou...
Immoeast: Real estate growth to last for at least a decade
Edgar Rosenmayr, an investment officer with Immoeast, the most dynamic player on the domestic real estate market, says the Austrian group is focusing on the Bucharest market, on the office b...
Ardaf to enter private pension market
Ardaf will launch a campaign to change its image in September in order to underscore its being part of PPF Investments Czech group. The campaign will last for two months. The company, which...
Rompetrol Gas to double LPG market share in 5 years
Rompetrol Gas, the liquefied petroleum gas (LPG) division of the petroleum group Rompetrol, intends to become one of the market's leaders by tripling its presence on the autogas market and t...
Porsche Mobility to finance 1,000 vehicles by yearend
Porsche Mobility, a division of the Porsche Financial Group specialising in operational leasing and fleet management, has set itself as a target to finance 1,000 vehicles by the end of the y...
Carlsrom Beverage to produce Granini near Bucharest
Shachar Shaine, the chairman of URBB, bottler of Tuborg and Carlsberg, has revealed that the natural juice brand Granini, owned by Germany's Eckes-Granini International and distributed domes...
Electroputere goes to Saudi company
Saudi company Al-Arrab has won the tender for the acquisition of the majority stake in locomotive producer Electroputere Craiova, according to the announcement made by the State Assets Resol...
Continental Hotels to undergo 138m-euro investment programme
The partnership between PPF Investments (PPFI) and the Red Group, led by businessman Radu Enache, will result into an investment programme worth approximately 138 million euros within the ne...
Tina R sells stake to maintain company's development
The sale of a 49% stake in the shares of clothing retailer Tina R to a foreign investment fund indicates its transit from a family company to a structured, international business, believes R...