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ECB lowers interest rate with 0.50 percentage point

The minimum bid rate on the main refinancing operations will be reduced by 0.50 percentage point to 2.75%, starting from the operation to be settled on 11 December 2002.The interest rate on the margin ...

Housing costs to increase by 7.3% next year

Municipal housing expenses will increase substantially more than annueal inflation rate next year. The average increase will amount to 7.3%, whereas inflation is estimated at only 2.5%.These are the r ...

Postponement for ZZLink?

The Queen´s Commissionar in Groningen, mr Hans Alders, has, through a letter to government, expressed his anxiety over a possible delay in the construction of the Zuiderzeelijn (ZZLink) and ...

Mn Services to invest € 60 mln in German real estate fund

Mn Services, the investment company ofr the Company Pension Fund for the Metal and Technical Sector (BPMT) has invested € 60 mln in the German close-ended fund Deutschland Fonds Nr.1, the first ...

Haslemere sells Meadows Shopping Centre Chelmsford for GBP 49,1 mln

Haslemere NV announced today that it has completed the sale of The Meadows Shopping Centre, Chelmsford for £49.1 million to Liverpool Victoria Friendly Society. The deal represents a net initial yi ...

Commercial realty faces pressure in 2003

Commercial real estate prices are 'pushing the envelope' as anticipated returns continue declining and forecasted demand for space remains sluggish, a new analysis shows.Investors expect all major pro ...

Euro-zone unemployment up to 8.4%

EU15 up to 7.7%Euro-zone seasonally-adjusted unemployment rose to 8.4% in October 2002, compared to 8.3% in September, Eurostat - Statistical Office of the European Communities in Luxembourg - reports ...

Innovative approach for one of Rotterdam’s districts

Public and private parties are cooperating in revitalizing Rotterdam’s district ‘Tarwewijk’To increase the quality of life in one of Rotterdam’s district, ‘Tarwewijkâ ...

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