| Two New International Real Estate Developments Announced in Romania
10-04-07, 15:54, (Property Xpress) - Two new international real estate developments have been announced in Romania, as well informed local sources state. Leading West-European holding gro ...This article contains 303 words. The rest of this article is for Property Xpress subscribers only. You could sign in from the upper right corner. Not subscriber yet? Start your subscription here. .
Romania's economic growth threatened by shortage of workers
BACAU, Romania: To get around the chronic labor shortages plaguing this traditional textile center - as well as many industries across Romania - Sorin Nicolescu, who runs a clothing factory, came up with an original solution: import 800 workers from China. "The explanation is very simple," said Nicolescu, general manager of the Swiss-owned Wear Co. "We don't have any Romanian workers because they have all left to work in Europe." The company's move has ignited a national debate about the gaping holes in Romania's work force and whether foreign workers from the East are the best way to fill such jobs. Foreign investors have been attracted to this poor Balkan country because of its low wages and, since Jan. 1, its membership in the European Union. But at the same time, those low wages and freedom of movement around Europe - made even easier by EU membership - have been fueling a wave of emigration that threatens to slow Romania's economic boom.
Rabobank Subsidiary Ready to Fund EUR 25 mln Housing Project in ...
06-04-07, 9:55, (Property Xpress) - Bouwfonds Property Management, one of the biggest real estate developers in the Netherlands and the real estate investment subsidiary of Dutch bank Ra ...This article contains 143 words. The rest of this article is for Property Xpress subscribers only. You could sign in from the upper right corner. Not subscriber yet? Start your subscription here. .
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