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- 69
35-45 year-olds now free to opt for private pensions after December
Employees aged between 35 and 45, who are eligible to opt for a 2nd pillar pension (compulsory private pension) retain their right to opt until they reach the age limit of 45, The Private Pe...
BACA Romus expands its operations
The shareholders of BACA Romus, a non-bank financial institution, a part of the Unicredit Group, have decided to expand their operations, to include consumer credits, real estate credits, fu...
Banca Romaneasca wants more foreign currency deposits
Banca Romaneasca has increased, rates for euro deposits by 0.8 percentage points on average, interest, in an attempt to attract larger sums from clients. Starting this week, the bank will pa...
X-ray of Romanian economy in the 2007 Business Yearbook
The second edition of Romania's Business Yearbook, 2007, includes more than 800 companies and 80 markets, and is the most comprehensive work tool on the business media market in Romania. The...
Turbomecanica shares go to managers
Members of the Turboact association, who control the majority stake in Turbomecanica Bucharest, have decided to dissolve the association and redistribute the shares held by its members. Amon...
Patriciu invests in bitumen production
The Vega Ploiesti refinery, a part of the portfolio of the Rompetrol petroleum group, run by businessman Dinu Patriciu, will invest 7 million dollars (5.52 million euros) to build a road bit...
State gives up capital increase of Oltchim
The Ministry of Economy and Trade will give up the capital increase at Oltchim. The measure is necessary in order for the privatisation process of the company to be set in motion by the end...
Banca Transilvania specialises in SMEs
Banca Transilvania (BT) will specialise in providing services to small and medium-sized enterprises, with the first changes due to take place this autumn, says Ionut Patrahau, deputy chief e...
Petrom, one of the top tenants in Bucharest
Petrom, the biggest company in Romania - a part of the Austrian group OMV, is one of the tenants on the market of office space in the Capital. The petroleum company has class A office space...
Logan business worth over 1.6bn euros
The inexpensive Logan car brand has reached a production of 250,000 units since the start of manufacturing some two years ago, according to data announced by the French producer Renault. At...
Impact contemplates football club acquisition
Real estate developer Impact Bucharest made a bid of over 1 million dollars to buy the controlling interests in Universitatea Cluj football club, the main shareholder says. "We made an offer...
Pfizer Romania gets new boss from Portugal
Stanley Mendonca, the current marketing director of Pfizer Portugal, has been installed as the new general manager in the Romanian office of the American drug maker Pfizer. Representatives s...