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AFI Europe Romania reveals new strategy: holding income generating properties for long term. What upcoming projects are in store for the next 2 years?

Besides the success achieved with AFI Cotroceni, dubbed as the biggest property of the AFI Europe Romania portfolio and the most performing one, the Israeli real estate developer has other big plans for the upcoming two years. The group intends ...

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Garrett marks 20 years of cutting-edge technology for turbochargers in Bucharest

Garrett Motion Inc. (NYSE: GTX), technologies and innovations supplier for the auto makers, has celebrated 20 years of production within its turbochargers factory in Bucharest, which has contributed to the production of over 40 turbochargers equipping cars worldwide. Olivier Rabiller, ...

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EY Romania launches EY wavespace Bucharest business incubator

EY Romania is opening a local center EY wavespaceTM in Bucharest, as part of the innovative initiatives focused on the development of digital solutions for growing companies. All those over 40 locations of the network, located in large cities such ...

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Prime Kapital announces its second residential project in Romania

Regional real estate developer and investor Prime Kapital announces its second residential project, Marmura Residence, comprising of five buildings that will host 458 high quality and well-designed urban apartments: double studios and 2, 3, 4 room apartments. Located in Bucurestii ...

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3-month ROBOR Index slightly up to 3.25%

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has increased on Wednesday to 3.25%, up from 3.24% in the previous session, according to the figures released by the National Bank of Romania ...

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Sales on Black Friday up by 30% this year as against 2017

Black Friday shopping event this year has reported a 30 percent increase as against 2017, the Online Stores Association informed. Over 5,000 online shops had Black Friday discounts. Most of the sales have been registered on home products, small household ...

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Competition Council investigates anticompetitive conduct on the cement market – Holcim Romania, CRH Romania and HeidelbergCement suspected

The analysis of the cement industry production and trade in Romania indicates an atypical situation in which the cement producers maintain their market shares approximately equal and stable over time, with the increasing risk of some forms of coordination of ...

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