competition
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How prepared is the healthcare system for competition?
Having started from scratch ten years ago, the market of private medical services - i.e. the revenues of private clinics and hospitals - amounts to 400 million euros per year, i.e. about 10% of the around 4 billion-euro overall amount spent in the Romanian pub...
Rising competition for handling of current payments
Starting last autumn, the market of low-value payment intermediation, dominated by banks in the past, has been opened to commercial companies, as well. The rising competition should bring lo...
Competition levies 1.2m-euro fines on private pension market
The Competition Council levied fines of 5.2m RON (1.2m euros) on several managers of mandatory private pension funds (pillar II) that were accused in 2007 of having convened on equally shari...
Poupet, BRD: Competition forces us to lower commissions
Market competition has been one of the factors behind the decline in BRD's commission revenues in the first half of the year, alongside the introduction of the new regulations on early repay...
Tarom has no big rival on domestic flight segment
The rising number of passengers on domestic flights again failed to enhance competition on this segment this year, in the context where TAROM holds a 75% market share on the domestic flight...
Low-cost competition hurts Eurolines
Eurolines, the coach transport group owned by the Martin family and businessman Dragos Anastasiu, saw its revenues from international passenger transport go down by 13% in the first half, wh...
McDonald's pushes for expansion to cope with aggressive competition
Fast-food restaurant operator McDonald's Romania, which owns a network of 55 restaurants, is resuming the aggressive growth strategy it previously applied from 1995 through to 1999 by openin...
Tight competition delays cost increases for credits in euros
Top ranking retail banks are yet to make credits in euros more expensive, after the signal sent last week by the European Central Bank, amid heated competition from players seeking to gain m...
Life insurance faces fiercer competition
Competition on the life insurance market will become ever tighter after a rising number of financial groups voiced their intention of entering this segment. The latest player to enter the ma...