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First private pensions deal expected towards yearend
The first acquisition on the private pensions market could occur by the end of the year, according to Mircea Oancea, head of the Private Pensions Supervisory Commission (CSSPP). Private pensions are considered the business of the next few decades, with compani...
Euro 2008 boosts Carlsberg's sales, but less than expected
Carlsberg beer brand, produced and bottled on the local market by United Romanian Breweries Bereprod (URBB) under licence, posted a 15% sales increase during the European Football Championsh...
Romania's trade deficit expected to stabilise
Kazakhstan this year climbed onto the 3rd position among the countries Romania registered a trade deficit with, a situation generated by the imports of crude oil worth almost 600m euros thro...
General insurance market expected to rise by 18%
The Romanian general insurance market will rise at an annual rate of 18% in the 2008-2012 period, while life insurance premiums will see an annual 21% growth rate, according to researchandma...
E.ON: gas prices expected to rise 20%
Natural gas distributor E.ON Gaz Romania says the price of natural gas could increase by 12% from April 1, while the annual increase is set to finally stand at 20%, so that domestic price ri...
Heineken-Bere Mures deal struck sooner than expected
Less than two months after sitting at the negotiation table, Heineken have signed an agreement to take over Bere Mures, with an acquisition that will bring another two businesses (a hotel an...
Erste's listing in Bucharest expected on February 14
The shares of Erste Bank, the BCR's majority shareholder, could be listed on the Bucharest Stock Exchange on February 14, somewhat later than expected. Originally, the Austrian bank had prom...
Budget collects 2bn euros less than expected
Budget revenues stood at 121.5 billion RON (36.4 billion euros) for 2007, 6.9 billion RON (2.07 billion euros) below the revised collection plan, according to data published on Tuesday by th...
Auto market in 2007: three times higher growth than expected
Sales of vehicles in 2007 accelerated 23% and reached a total volume of 366,819 units, according to the statistics of the Association of Automotive Manufacturers and Importers in Romania (AP...