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Private pensions firms start off on the wrong foot with 50m-euro losses
Mandatory private pension companies (pillar II), initially touted as the business of the next decade, ended last year with overall losses worth almost 50 million euros (164.8 million RON), according to the annual report of the Private Pension System Supervisio...
Banks start sale of mandatory pensions on the wrong foot
The seven banks already involved in the mandatory private pensions market (pillar II) by establishing management companies have collected only 8% of the total number of participation contrac...
Modern retailers set foot in the last untapped county
The international retail chains opened 80 stores in the last ten months, taking the number of modern commerce formats to more than 260, and conquered the last untapped Romanian county, Neamt...
Bucharest Stock Exchange starts off on the right foot in 2005
Bucharest Stock Exchange starts off on the right foot in 2005
Budget starts off on the right foot
The consolidated budget situation shows 10,504.9bn ROL excess for January, following the relatively low spending level in this period, the Finance Ministry says. Revenues amounted to 61,144....
Season start on the right foot
The high demand for holiday packages in the resorts in Valea Prahovei (Prahova Valley) and the snow on the slopes have boosted the revenues of the businesses in the region. "The take-up of t...