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CEC to close down 60 agencies
CEC to close down 60 agencies
GDP close to 1989 level
Romania's 2004 Gross Domestic Product (GDP) will be similar to the one in 1989. The make-up of the indicator, however, is much more different now than the one registered 14 years ago if look...
BCR Dinamic close to final licence
BCR Dinamic investment fund launched by the investment management company held by Banca Comerciala Romana (Romanian Commercial Bank - BCR) has come to total 25.2bn ROL in net asset and more...
BR close to changing shareholder
The transaction through which the National Bank of Greece (NBG) is to take over from the Romanian-American Enterprise Fund (RAEF) the majority stake in Banca Romaneasca is about to be finali...
MasterCard close to 2bn euros
The number of merchants accepting payments with Maestro cards doubled in the first half this year. Maestro cards were accepted at 6.500 electronic terminals at the end of H1, while the Maste...
Dacia, Valeo close million-euro deal
French group Valeo will supply a series of systems and components for the new Dacia Solenza model, under several contracts worth millions of euros. "We aim to support the expansion of Renaul...
Underground economy, close to 8bn euros
The underground economy - those economic activities partially or completely left out of the accounting books - accounts for 18% of the Gross Domestic Product, said Valentina Ungureanu, head...
Romanian exports close to $14.5bn annual target
Romanian exports started the year in full gear, with January revenues amounting to $1.24bn, up 36% from the same month in 2002. Exports maintained above $1.2bn for the fifth month in a row,...
AIG Life close to $10m
AIG Life Asigurari Romania (AIG Life Insurance Romania) last year collected 328bn ROL in gross premiums, up 66% in ROL from the previous year. If calculated in dollars, growth exceeded 50%,...