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BRD becomes more selective with lending to SMEs
BRD-SocGen, the second largest player in the banking system in terms of assets, will continue network expansion, but with a more selective policy and feels the need to slow down lending for...
Carrefour to open two more supermarkets next week
Carrefour will open two Carrefour Express supermarkets in Lugoj and Bistrita next week, which will take the network to nine such stores. The launch of the two stores is part of the programme...
RCI: BT should focus more on profitability
In their latest report, the analysts at Raiffeisen Capital & Investment (RCI) say that the narrowed margin in net interest and heightened salary spending are the main threats on Banca Transi...
Petrom is worth more than OMV
Petrom's main assets, i.e. crude oil reserves, two refineries - Petrobrazi and Arpechim, and petrol station network are currently worth over 35 billion dollars (21.8 billion euros), two and...
Hotels in Bucharest more expensive than in Berlin
Hotels in Bucharest are around 40% more expensive than in Berlin, and 50% more expensive than in Ankara, with prices being, however, lower than in Moscow, Zurich and London, according to a D...
500 Romanian executives earn more than 10,000 euros a month
The managers in positions such as chief executive officer, general manager, country manager or partner in consultancy firms, law firms, real estate companies and investment funds are the hig...
Promotional interest rates attract more RON deposits
The rise of deposits in RON accelerated in May for the second month in a row, amid aggressive promotions launched by banks to attract RON-denominated resources, while foreign currency-denomi...
Romanians are more indebted to banks than Americans
With bank instalments to repay that amount to 16% of their incomes, Romanians are more indebted than customers on mature markets in Western Europe and even Americans. "The debt service, whic...
Private pension funds collect 17% more in June
The average contribution per participant went up to 8.59 euros, compared with 7.55 euros last month. The number of empty accounts was down from 961,000 to 877,000 last month. Mandatory priva...