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Youngest equity funds badly hit by stock market adjustments
The youngest equity funds on the market were also the most exposed to adjustments on the stock exchange over the last few months, with the three open-end investment funds that launched opera...
Economy up by just 5% in Q3, say 18 analysts
The economy saw a significant slowdown, from 6% increase in Q1 to a 5.6% in Q2 and to 5% in Q3, according to 18 analysts and officials asked by ZIARUL FINANCIAR. The vast majority of the ana...
Apartment prices increase by another 6% in October
The prices of old apartments in Bucharest increased by a further 6% in October - one of the largest monthly increases this year, shows ZF research based on ads published in Romania's largest...
Aviva: domestic life insurance sales to rise by 40% in 2008
The price Aviva Asigurari de Viata paid for mutual fund manager Certinvest (purchased in early September) was much higher than normal for such a company on foreign markets, explains Shah Rou...
Vinexpert to reach 5m euros from wine retail by 2010
Vinexpert, the most important wine retailer on the Romanian market, intends to see its turnover reach the 5 million-euro mark by 2010, compared with the 0.9 million euros reported last year....
High oil price boosts Petrom's profit by 16% in Q3
Petrom Bucuresti (SNP), the largest Romanian company, posted net profit worth 661 million RON (204 million euros) in the third quarter of the year, up 16 percent against the same time last y...
Bank ranking by assets: top three unchanged, Alpha Bank climbs to fourth
Alpha Bank is the new holder of the fourth position in the ranking of banks' assets at the end of September, after it climbed from eighth position in 2006. UniCredit Tiriac, which entered th...
Pizza Hut: 5 new restaurants by 2010
The Pizza Hut restaurant chain will expand by at least five new restaurants by 2010, with the average investment per restaurant set to range between 0.5 and one million euros, depending on t...
New Yorker to open 7 stores by 2008
New Yorker, one of the largest German clothing retailers, will open three stores on the Romanian market this year, in Cluj Napoca, Sibiu and Bucharest, and plans to continue its expansion in...