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BCR and Erste set up housing bank
S Bausparkasse, the housing savings and loan bank of Erste Bank, is to establish a subsidiary in Romania together with BCR, Astrid Kratschman, head of S Bausparkasse operations in Central an...
Bunge buys Ulvex and Soreanca oils
Agricover, producer of vegetable oils Ulvex and Soreanca, will sell its Buzau-based oil division to Bunge, the leader on the market of vegetable oils. "Currently, the two companies are at th...
BCR and BRD start Austrian-French battle in Romania
Erste Bank, the majority shareholder of BCR, considers Societe Generale, the majority shareholder of BRD, the second biggest bank domestically, meant to challenge it through its aggressive e...
MedLife and AIG Life partnershipfor health insurance
AsiLife, the insurance division of the MedLife group, and insurance company AIG Life will offer two health insurance policies for corporate clients starting mid-March. AsiLife has so far inv...
Banks, drugstores and casinos, the main street retail space tenants
The aggressive expansion policy started by banks, drugstore chains and casinos has had strong effects on the market of street retail spaces, as they attempt to take hold of the best location...
Mr. Bricolage to invest 16m euros in stores in Bucharest and Pitesti
Do-It-Yourself store network Mr. Bricolage will open two stores this year in Bucharest and Pitesti, in which it will invest up to 16 million euros. "We will invest 7-8 million euros for each...
Expats and local managers in BCRes new team
The presence of expats in the management of a bank purchased by Erste does not have to be a "permanent solution", but the minimum period for knowledge transfer to be performed is three years...
Concurenta analizeaza preluarea Invitel de catre Hungarian Telephone and Cable
Consiliul Concurentei analizeaza preluarea Matel Holdings NV, actionarul majoritar al Invitel, de catre Hungarian Telephone and Cable Corp. (HTTC), intrucat cele doua companii au activitati...
Paint and varnish producers' investments: 40m euros
Paint and varnish producers are operating investments worth above 40 million euros to raise production and warehousing capacities and to launch new products, in a bid to meet current market...