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Tanasescu dumps PSD, packs bags and goes to IMF
Mihai Tanasescu, the PSD (Social Democrat Party) vice-president and former Finance Minister in the Adrian Nastase Government, has decided to leave the tumultuous political life of Romania an...
Banks, insurance brokers and SSIFs could sell pensions directly
Banks, insurance brokers and stock brokerages (SSIFs) may directly distribute private compulsory pension products (pillar II) if a series of legislation modifications, currently being prepar...
Nokia mobiles made in Cluj to be sold in Romania, Africa and Asia
John Guerry, the man who will be implementing the Nokia Village concept in Cluj, says that although many of the suppliers of the Finish group are attracted by Nokia's investment, optimistic...
Lazarescu: I build businesses that grow up and leave home
Dan Lazarescu, a former shareholder in Medicover medical service provider and in TotalSoft software company, says that after having worked with Medicover for 10 years, where he also filled t...
ING, Allianz-Tiriac and Aviva may start selling private pensions today
The first three optional pension funds (pillar III) were authorised by the Private Pension System Supervisory Commission (CSSPP) yesterday and are poised to sell the optional pensions to pot...
Patriciu invests 100m euros in warehouses and petrol stations
Petroleum group Rompetrol, held by businessman Dinu Patriciu, will invest around 60 million euros in the construction of a warehouse for petroleum products in the French town of Port la Nouv...
Estima Finance and Motoractive share manager
The executive management of Estima Finance, a consumer finance company acquired by the American giant GE Money at the end of 2006, was taken over at the beginning of the month by Stefan Coro...
Former TotalSoft and Medicover shareholder invests in hemp
Businessman Dan Lazarescu (photo), 61, former manager and shareholder of the private services supplier Medicover and software company TotalSoft, has invested over 1.7 million euros in a hemp...
Cellulose and paper producers struggle to see a profit
An increase in the price of utilities and the deepening shortage of domestic raw materials has prevented companies in the cellulose and paper industry from securing profit margins, this year...