He who takes risks...

Alex Hayes ‘Eurobuild CEE’: In spite of its growing economy, many foreign investors regard Romania as one of the riskier markets in the CEE. Is this view justified and what measures are you taking to ameliorate such risks? Yitzhak Hagag, chairman, Hagag Group Romania is an emerging market and as in any emerging market there is always risk. Nevertheless, risk taking is at the core of the entrepreneurial nature and he who does not risk, does not win. We face these risks by investing in properties that do not devalue and that preserve and even increase their value over time, regardless of how the market changes. No matter where, exclusive properties in country capitals never lose value. Your recent IPO raised EUR 15 mln. Has all of this money been allocated or can we expect a number of new announcements in the near future? You are not the only Israeli company in Romania, so is there anything special about the country that makes it in any way special for your countrymen. We