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INVESTMENTS
Ford to start production in Craiova by end-2008

REAL ESTATE
Africa-Israel Hotels buys four Bucharest hotels with EUR 18 million

INVESTMENTS
Transelectica puts EUR 22 million in station upgrade

REAL ESTATE
AlfaRom and Future group build EUR 120 million apartments

INVESTMENTS
American Polaris to supply locally built ATVs to all Europe

EBRD
EBRD to appoint new director and adjust strategy

INVESTMENTS
IMSG eyes new acquisitions on the Romanian market

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DAILY NEWS
Ideal Trio Construct puts EUR 35 million in residential complex in Ploiesti
The residential complex comprises 152 villas and will be located near Ploiesti. (21.09.2007)
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DAILY NEWS
CMU pays EUR 4.5 million for A class office building
The building is located in the northern area of Bucharest and has 2,200 sqm. (21.09.2007)
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DAILY NEWS
Dirent Group estimates EUR 2 million turnover for 2007
The company, part of the Greek group Dirent, is specialized in operational leasing. (21.09.2007)
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INTERVIEW

A chameleon in business - He invested in railcar producers, furniture makers, stocks and leasing and the list is long and varied. His investments have been made equally in Romania and in other countries from Europe. Hungarian Party senator Attila Verestoy has amassed a fortune over 17 years which he evaluated at more than EUR 60 million. He told Business Review that his first million dollars was made from a TV cable business. He recently exited from Hugastro, a company that produces meal vouchers – an exit that brought him several million dollars. Verestoy denies all rumors that he is involved in forest exploitation or that he traded Rompetrol shares immediately after the transaction was made, as the press claimed.

COVER STORY
Romanian locations fuel Western European retailers’ businesses
Large retailers are leaving their nests in Western Europe, which provide satisfactory but not excellent results, and going to Eastern Europe and Asia. Romania is one of the top targets in Eastern Europe for retailers like Metro, Carrefour and Selgros, whose local large-format stores provide the biggest sales increases for their chains.
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exchange rate

EUR	3,40		0,87 %
USD	2,42		0,63 %

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special reports

Deals of the Year - Players in banking, financial services, utilities and energy have been this year’s dominant targets for mergers and acquisitions. Real estate, too, has been a strong growth area.

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