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More than half of Romanians have chosen their private pension
More than 1.8 million Romanians have chosen their mandatory private pension (pillar II) reveals data gathered by ZIARUL FINANCIAR from the 18 management companies on the market yesterday. Fr...
VW: Expansion more profitable than greenfield investments
Matei Albulescu, brand manager of Volkswagen, believes a higher sales growth rate can be ensured in the medium term through the expansion of established dealers, rather than through greenfie...
Agro Chirnogi moves to more profitable crops
Calarasi-based Agro Chirnogi, which farms one of the largest areas of agricultural land in Romania, posted turnover for its Chirnogi unit worth 10 million euros (33.5 million RON) in the fir...
Gedeon Richter: No more acquisitions from now on
Erik Bogsch, CEO of the Hungarian group Gedeon Richter, which paid around 30 million euros last year for two drug distribution companies on the Romanian market, believes its main objectives...
Banks will have more capital available for loans from January 1
As of January 1, the risks calculated by banks for mortgage credits will drop from 50% to 35%, according to the new Basel II rules. However, four main requirements have to be met - firstly,...
NBR absorbs more RON in August
The NBR (National Bank of Romania) attracted deposits from banks worth 5.8 billion RON (1.8 billion euros) in August. Therefore, the volume of sums attracted by the NBR from commercial banks...
Rekkers: Loans in RON will become more expensive
"An upward trend for interests on RON loans can be expected, however it won't happen because of inflation-related reasons, but because of the extremely high demand as more and more people ar...
No more class A office space available in Bucharest
The interest shown by both multinational and domestic companies to situate their headquarters in modern office buildings in the central areas of Bucharest has lowered the availability rate f...
High euro costs could lead to more expensive RON loans
An increase in interest rates for euros is being considered by several banks in order to maintain profitability now that refinancing costs are higher. In addition, bankers also anticipate a...