Ionuţ Negoiţă, Rin Grand Hotel owner, halts investments

Businessman Ionuţ Negoiţă, 36, who owns Confort group together with his brother Robert Negoiţă (a PSD deputy), with tourism, real estate and media operations, maintains he has halted investments and waiting for the market to stabilise, while in early 2010 he spoke of a mall and a 1,000-room hotel at the seaside."We will not operate any further investments this year. I recklessly took out short-term loans and risked getting stuck," stated Ionuţ Negoiţă, ...

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