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Credit Bureau: Banks and NBFIs lend 26bn euros to 4 million clients
Around 4 million Romanians had loans from banks and non-bank financial institutions (NBFIs) in May, according to data from the Credit Bureau. In all, credits granted by banks and by the top...
ING receives first fine in private pensions industry: 382,000 euros
ING Asigurari and ING Fond de Pensii have been fined 225,000 RON (62,500 euros), and 1.16 million RON (320,000 euros) respectively, by the Private Pensions Supervisory Commission (CSSPP) for...
Euro 2008 sells 11m euros' worth of TV sets
Promotional campaigns conducted before the start of the European Football Championship has led to electronics retailers selling TV sets worth almost 11 million euros. Around two months befor...
Ave Impex invests 6m euros in plant to manufacture ready meals
Ave Impex, based in Satu Mare, one of the main local poultry producers, intends to invest 6 million euros over the next two years in building a factory to produce ready meals. "We already ha...
Comvex could take out investment credit worth up to 20m euros
Bulk handling terminal Comvex in Constanta intends to take out an investments credit worth up to 20 million euros, with a decision to be reached by the shareholders on July 17, the company a...
Bakery producer Dobrogea Grup posts 67m euros in sales
Dobrogea Grup, one of the main bakery producers on the local market, estimates a 12% sales increase this year, which would bring the company's turnover to over 67 million euros. The producer...
Erste: BCR brand value drops to 348 million euros
The value of the brand of BCR, the biggest bank on the market in terms of assets, has been adjusted by its majority shareholder Erste Bank, from 388 million euros in the third quarter of las...
Globinvest manages 1.4m euros from foreigners
Foreigners have invested 1.4m euros in the funds managed by Cluj-Based company Globinvest, attracted by the yields the Romanian market has brought in recent years. Foreigners' investments we...
Pirelli invests another 68 million euros in Oltenia
Italian tyre maker Pirelli, which owns a tyre factory and a metallic cord factory in Slatina, will invest 68 million euros this year to develop it activities in Romania. Total investment in...