business review 16 march

FEATUREBye to bling? The local luxury market, evaluatedat EUR 190 million last year, is looking at a dropin value of 20 percent

See page 20

BUSINESS REVIEWROMANIA’S PREMIERE BUSINESS WEEKLY MARCH 16 - 22, 2009 / VOLUME 14, NUMBER 9

www.business-review.ro

REAL ESTATEAndrei Panculescu has left the helm of Westhill Ro-mania after the firm delayed its local projects, andmoved on to consultancy

See page 15

LAU

RENTIU

OBA

E

Eastern European countries have reacted similarly to the crisis,raising fears of sovereign defaults in the region, but thestructure of economies and local market strengths differ

See pages 12-13

Eastern European countries have reacted similarly to the crisis,raising fears of sovereign defaults in the region, but thestructure of economies and local market strengths differ

See pages 12-13

ANALYSISLast year brought record profits for banks activelocally, with Romania top of the list of their sub-sidiaries, but 2009 looks bleaker

See page 14

EAST SIDE STORYEAST SIDE STORY

EBRD PRES IDENT THOMAS MIROW IS V IS I T ING ROMANIA TH IS WEEK; SEE PAGE 5

BUSINESS REVIEW / March 16 - 22, 2009 3

PublishersBILL AVERY • RACHAD EL JISR

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BUSINESS REVIEW

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ROMANIA’S PREMIERE BUSINESS WEEKLY MARCH 16 - 22, 2009 / VOLUME 14, NUMBER 9

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