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After six weeks pension funds yield between 2.4% and 3.7%
Four of the 14 active mandatory pension funds yielded profits in the first six weeks since their launch, whilst the rest were in the red. Mandatory pension funds (2nd pillar) ranged from -2.43% and 3.68% in the first six weeks since the collection of contribut...
Private pension client valued between 30-200 euros
Clients who have already joined mandatory pension fund are worth between 30 and 200 euros, given the fact that large pension firms are in search of takeover targets, while smaller funds are...
Merger between two companies with total assets worth 50m euros
Millennium Estate and European Property Millennium Company, which are operating on the real estate market, merged at the beginning of this month, with the former absorbing the latter, accord...
Savings gap between counties deepens
The population's RON deposits increased more rapidly in counties with already high volumes, whereas clients in areas with lower potential savings made fewer reserves last year. Therefore, in...
Spread between rates on loans and deposits in RON down to half
The spread between interests on loans and interests on deposits in RON has halved on the retail segment over the last three years, from an average of almost 15 percentage points in 2004 to l...
10bn-euro trade between Romania and French-speaking countries
10bn-euro trade between Romania and French-speaking countries
Video calls between Vodafone and Orange clients
Starting today, the 3G clients of Vodafone Romania and Orange Romania will be able to also use the video calls service from one network to another, Vodafone Romania announced yesterday. The...
Shareholders to choose between two management systems
Joint stock companies will be able to choose between two management systems, either a unitary system with a board of directors, where executive positions will be distinct from the other posi...
Deal between Americans on exploration segment
Oracle Energy Corp., a Canadian oil and gas company, announced it has completed the acquisition of a 20% stake in six oil and gas concessions in Romania from Carpathian Energy, a North-Ameri...