GENERAL RULE: Business is risk, where there is no risk there is no business.
Where a greater risk is envisaged, a bigger return is expected. Among various investment proposals, the less risky business is investment in properties. In this area of investment there are possibilities for greater return with relatively small risk. (more…)
About 6 months ago I made a short review of the property market in Romania, since the change of the system from the communism to the free economy. (here)
Now I shall make a review of the situation regarding the property market for the last 6 months. (more…)
Today’s subject is psychology at work.The subject can be understood better if I describe something which happened years back when I was working in the documentary credits department of a commercial bank in Cyprus.Among the many clients which we had at the bank there was somebody who was one of the best clients. This person was very strict and demanding. Most of my colleagues in my department were terrified when this client approached them for some banking transaction he wanted, because in most of the cases he would not be satisfied with the service he had from them with a result of an unpleasant situation, where my colleagues would be reported to management, although they did their best to serve the client. (more…)
I shall tell you a story my friends:
There were two friends at school, Andreas and John.
Andreas was a hard working clever boy, and he finished school with excellent marks.
John on the other hand was not a good student, he just managed to get the lowest marks which would permit him to graduate.
The good student, Andreas, got a Government job and he became a good civil servant.
The other one, John could not find a job and he went abroad. There he had also very big difficulties, and he had to wash dishes in restaurants in order to have some food. (more…)
It was some time in year 1996 when I visited Romania for the first time. Seven years had passed from the time when Ceausescu was overthrown and the country changed from the communist regime to the free economy system. At that time, although 7 years had passed from the date of change, a visitor could see many differences if he tried to compare with a country which did not experience the comunist system. Very poor infrastructure, old buildings with small apartments, few cars in the roads, although sometimes you could see a few expensive cars. This is understandable, and is also evident to the visitor what people had to undergo, when from one day to the other everything changed. No jobs, no money, nothing, because the country had to reorganise everything from scratch. (more…)