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AIG close to 1m-euro profit, premiums down
AIG Romania general insurance company, part of AIG US group, has budgeted a volume of gross underwritten premiums of more than $30m (22.6 million euros) for this year. "This year, we plan to...
Electrolux sales down 7%
Electrolux Romania, one of the largest home appliances producers on the local market, posted a 498-million RON (141 million-euro) turnover last year, down 7% in euros against the 549 million...
Accession cuts down risks in real estate
Romania's accession to the EU has caused the local real estate market to become a safe form of investment, witnessing investment superior to that of more developed states, according to forei...
January sees foreign deficit up 162% and investments down 44%
The surge in the current account deficit has been generated by massive imports made after the first month of EU integration, while the shrinking of investments has caused difficulties in fin...
Car industry: imports up, local producers down
The top three car importers, ranked within the top five sellers on the market, saw 52% growth on average in the first two months of this year, while domestic producers saw an average decline...
Bankers drop down payment on loans in anticipation of new NBR regulations
Bankers are getting ready to announce cuts in the minimal down payment they require from those taking out a real estate loan, without waiting for the regulation of the NBR lifting the restri...
Elimination of down payment for credits to drive flat prices up
The elimination of the 25% down payment for mortgage credits will prompt a new increase in the price of flats, according to representatives of the real estate market. In anticipation of a ne...
Ilefor: Exchange rate instability is slowing down our growth
Furniture producer Ilefor in Targu-Mures estimates an over 6.4m euro turnover for this year, up from last year, when this indicator stood at approximately 6.1 million euros. "The increase co...
Charcuterie market growth to slow down
The meat products market is expected to grow by 10% this year, less than it did in 2006, when it advanced by 20% to some 800m euros. "The turnover the charcuterie industry generated in 2006...