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ING and Aviva's voluntary pension investments
The voluntary pension funds (3rd pillar) managed by ING and Aviva are relying on investments in T-Bills, and have invested a large part of their assets in listed shares, reveals recently pub...
Biggest risks on insurance market: claim settlement rate and Stock Exchange decline
The increase in the claim settlement rate and Stock Exchange decline are the main risks that could put a strain on the general insurance and life insurance market, according to a report on f...
Sandwich makers to target coffee shops and restaurants
Producers on the "ready-to-eat" market are struggling to find suppliers for sandwich production, on a market that now, after several years, brings entrepreneurs revenues worth 700,000 euros....
Voluntary pensions rely on T-bills and banking deposits
Sums placed in listed shares are quite low, while voluntary pension funds prefer investments in T-bills and bank deposits. OTP Strateg, for instance, placed all of its customers' money in ba...
Generali PPF takes over Ardaf and RAI Asigurari for 80m euros
This deal is "in the family", so to speak, as the seller is Czech fund PPF Investments, which took over Ardaf and RAI last March. Generali PPF Holding, a joint venture between groups General...
Reactors 3 and 4 will cost twice the estimated price
The construction of reactors 3 and 4 at the nuclear power plant in Cernavoda, Southeast of Romania, will cost twice as much as initially estimated, due to increases experienced by all major...
Paint and varnish market headed to 500m euros by 2011
Major foreign producers of paint and varnish have a low profile in Romania and operate only through imports, while the market posts annual increases of 15-20%. Given the consumption boom, ma...
Romtelecom and Cosmote launch new competitive offers
Romtelecom and Cosmote, companies controlled by the OTE and Deutsche Telekom groups, introduced two new aggressive offers onto the market on Monday and aim to attract more Internet users and...
Bucovina invests 9m euros and doubles capacity in Vatra Dornei
Codrin Chiru, marketing manager of Rio Bucovina, says that in order to boost its profit rate the company will reposition the Bucovina brand and sell mineral water in smaller bottles. Rio Buc...