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Verida Credit: Exotic currencies are too risky
Verida Credit, a company set to specialise in mortgage lending, created by investment funds ABN Amro, Old Lane, and Rubikon Partners, will enter the market in two weeks and by September will have 9 products on offer. "Our plan is to start with home equity loan...
Bankers would like minimum reserves set up for leasing companies, too
Bankers have asked the NBR (National Bank of Romania) to set up minimum mandatory reserves for leasing companies for the funds they attract, in the wake of increased competition due to the r...
EFSE: Too much focus on urban areas
The European Fund for Southeast Europe (EFSE), which has investments worth 77m euros on the Romanian market, plans to obtain financing from the Romanian-German Fund, to which the Finance Min...
Carrefour: Romania is growing too fast to fall prey to international crisis
"International crisis is a phrase used far too often; we have to concentrate on what we can do to develop the local economy. Romania is still a market with a high growth rate, in an unfavour...
IKEA: We buy too little furniture from Romania
IKEA, the world's largest furniture retailer, boosted the volume of furniture purchased from Romania by over 20% in 2007, and estimates to maintain the same rate in 2008. "From the domestic...
Mota Engil interested in road infrastructure projects, too
Portuguese Mota Engil group, which operates in Romania through Martifer, its energy division and is developing the Romfelt Plaza residential complex as part of a consortium, will participate...
Bleyzer: Romanian entrepreneurs ask for too much money
Michael Bleyzer, chairman and CEO of the American-held investment fund SigmaBleyzer, which entered Romania this year through the acquisition of milk producer Covalact, says the price that Ro...
Erste: Banking giants have expanded too much
Scepticism and uncertainty will dominate financial markets until May-June 2008, when all the major banks and financial services firms that are not listed on the Stock Exchange will have publ...
Insurers: Too much red tape for mandatory home insurance
The government on Tuesday approved the law draft on mandatory home insurance, however, insurers are not happy with its current form, and believe it involves too much red tape. "The system is...