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AIG Life tackles insurance for SMEs
AIG Life, the second largest company on the insurance market, will tap into the employee benefits segment for small and medium-sized enterprises this year, with the company set to develop a...
Stefanel aims for higher market share
Stefanel, the first international company that directly entered the Romanian apparel market 17 years ago, estimates the market will expand this year amid the arrival of international players...
Banca Romaneasca pays 11% for 6-month deposits in RON
Greek-based Banca Romaneasca pays interest rates that range from 10% to 11% for deposits in RON in order to persuade their clients to save more. The new interest rate levels are on average t...
Investment funds vie for travel agencies
In 2005, a medium-sized agency acquired Tiriac Travel, part of the group owned by Ion Tiriac. Last year, the same agency attracted a Danish investment fund, which is in search of acquisition...
Metro forecasts growth in retail for another 10 years
Francois Oliver (photo), General Manager of Metro Cash & Carry Romania, the largest local retail network in terms of sales, says the dynamics of the Romanian economy could generate another t...
AON: limits for liability insurance skyrocket
The cost of a liability insurance premium, which covers 15 million euros, ranges from 10,000 to 50,000 euros a year, depending on the type of activity. The sums covered by liability insuranc...
Porsche: 20 orders for new Audi A4 already
Porsche Romania, the Audi importer on the local market, will launch the new Audi A4 Avant next month, the wagon version of the German constructor's D-class model. "The official launch of the...
Requirements for an intelligent railway system
The rehabilitation and modernisation of the European railway corridors IV and IX of Romania will entail expenses worth at least 10bn euros, according to the estimates made by CFR Infrastruct...
Finance Ministry should borrow for short term
"In several months, inflation trends will become more predictable, and interest rates will also become more predictable at that moment. On the other hand, we can see the cash surplus is conc...