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WB: Romanian banks charge relatively high fees for basic services
CEE banks prefer to rely on fees levied for account management and cash operations, while tariff gaps between players are quite wide. Romanian banks are relying on fees for account management and cash operations, which generate together 67% of overall revenues...
Batteries will "charge" Rombat's turnover to 36.6m euros
Bistrita-based Rombat, the leading domestic car battery manufacturer, estimates a 36.6 million-euro turnover this year, an 11.8% increase against the total derived last year, when this indic...
Challenging forced execution is free of charge
A small company from Falticeni has overturned the Fiscal Procedure Code. The Constitutional Court found, in response to its petition, that there is no longer necessary to pay a bond for subm...
Israelis in charge of Otopeni security
Israel-based Magal Security Systems has landed a $16 million contract for building a perimeter security system at the Bucharest Otopeni International Airport. "This is one of the most signif...
Sony falls into red after film marketing charge
Sony posted net losses of 88.29bn yen ($841m) for the April-June period yesterday, falling into the red mainly because of one-off charges from a change in US accounting rules. The quarter's...
U.S. prosecutors charge 120 in fraud
The largest number of people ever charged with securities fraud, including mob figures and top officers of a popular chain restaurant, were arrested on Wednesday for sprawling schemes centre...