At Auckland today Lawyers on behalf of anxious property developer Andrew Krukziener and his creditors were in the High Court to converse details of a three-day hearing to be held subsequently month and that will conclude whether he will be bankrupted or not.
By announcing a strong first quarter earnings, the Auckland ports continue defying recession.
Today, Managing Director, Mr. Jens Madsen commented as the New Zealand is going on its way out of recession, the swell in the import volume shows the purchase power of the New Zealanders is increasing and it is the indication of the growing economy.
A teleconference is said to have taken place on Thursday, following the three to five-day High Court hearing concerning the Queenstown Airport Corporation and Auckland International Airport Ltd, which is due to take place next year.
The Novotel $10 Queenstown Challenge would start from today. The event that helps in raising funds for the charity, Cure Kids would be a treat to watch as 17 teams would be participating in the race that spans for a time period of three days.
The senior councilors of the Hamilton City have criticised the decision of allowing the chief executive Michael Redman to leave the firm early because of a top job with the Auckland super city. Some of the councilors have said he will steal the business off Hamilton. Mr. Redman was confirmed as the chief executive of a organization controlled by the council within the Auckland super city.
For the fourth month, the rate of growth at house sales market is slow. As per Barfoot & Thompson, Auckland’s biggest real estate firm’s estimates, the percentage of houses has been slipped by 25% in September 2010, compared to the same month previous year.
The rate of growth in house sale at September 2010 is 8.1% more than August 2010.