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Domestic insurers cannot afford to buy reinsurance abroad
The volume of gross premiums received for reinsurance by companies on the domestic market increased by 150% in euros last year, to 22.2 million euros (78.3 million RON), according to the 2006 report conducted by the Insurance Supervision Commission (CSA), whic...
Average Bucharest inhabitant must work 61 years to afford city centre apartment
A Bucharest inhabitant with an average monthly wage would have to work 61 years (736 months) to be able to afford a 120 sqm apartment in the centre of the Capital, during which time they wou...
Investor Compensation Scheme can only afford to reimburse 85 investors
The Investor Compensation Scheme (ICS), established two years ago to ensure safety for investors on the capital market, can only afford to compensate several dozen investors out of the about...
Romanians can still afford to buy on credit
Mortgage credit will be growing faster than consumer credit this year, and loans in Romania will continue to account for a larger share in the total than the foreign currency loans. There is...
IMF: 1.5% deficit is the highest Romania can afford
IMF: 1.5% deficit is the highest Romania can afford
Budget can afford some fiscal relaxation
Budget can afford some fiscal relaxation
Some Romanians can afford to turn down $20,000 monthly salaries
It has long been known that Romanians are not happy with their wages. Consequently, it is certainly surprising that some Romanian managers are refusing net monthly salaries that can go up to...
OMV says it can afford to buy Petrom on its own
Austrian oil group OMV, one of the ten candidates still in the race for Petrom says it has the necessary financial strength to buy the largest company on the Romanian market on its own. At t...
OMV says it can afford to buy Petrom on its own
Austrian oil group OMV, one of the ten candidates still in the race for Petrom says it has the necessary financial strength to buy the largest company on the Romanian market on its own. At t...