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Banks, insurance brokers and SSIFs could sell pensions directly
Banks, insurance brokers and stock brokerages (SSIFs) may directly distribute private compulsory pension products (pillar II) if a series of legislation modifications, currently being prepar...
Stolojan could invest on the SE and in a private clinic
The son and daughter of Theodor Stolojan, leader of the Liberal Democratic Party, could invest the money collected from the sale of the Clabucet Sosire (Clabucet Arrival) hotel complex in Pr...
Luxten Lighting could float within 3-5 years
Luxten Lightning, one of the most profitable companies in Romania, says it intends to be listed on a stock exchange within the next 3 to 5 years, according to company officials. "This decisi...
Generali, Ardaf and RAI could merge this year
Italy's Generali group is to combine its operations with the PPF Czech group in Central and Eastern Europe, which will lead to a possible merger between Generali, Ardaf and Roumanie Assuranc...
Terapia could make 20m euros from land sale
Terapia Ranbaxy, one of the leading drug producers on the local market, has decided to sell 9 hectares of land in Cluj-Napoca via a tender. The land in question has been estimated at up to 2...
Petrom employees could make over 500m euros from their 8% stake
Around 60,000 people, who have been Petrom employees since August 2003 until now, could share an over 500 million-euro profit from an 8% stake in Petrom they will receive from the state. The...
Plopeanu: Life insurance could reach 3.3bn RON in 2010
The market of life insurance could reach 3.3 billion RON (almost one billion euros) in 2010, provided that it sees an over 25% growth rate in the next three years, according to estimates mad...
FDI could drop by 2bn euros, but still remain significant
Foreign direct investment (FDI) will amount to at least 7 billion euros this year, down by approximately 2 billion euros against last year's figures, according to Florin Vasilache, general s...
Raiffeisen: Bonds from Finance Ministry could help strengthen the RON
The bond issue worth 1.5 billion RON (some 441 million euros) announced for March by the Finance Ministry, could have a marginal impact on the exchange rate of the RON, amid potentially bigg...