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EU accession means competition for insurers
The lifting of the restriction to seal insurance contracts only with companies registered in Romania, the unification of the civil auto liability insurance with the Green Card one and a much...
Fivefold lower profit for Electroaparataj
Albeit it registered sales that exceeded the target it had set for itself at the beginning of the year, Electroaparataj, a producer of electrical equipment and accessories, posted a slump by...
While waiting for credit cards, discount cards would do just fine
Open up your wallet for a moment and you are most likely to find a credit or a debit card, a discount card or a card for loyal clients in it. The more and more possibilities for using all so...
Difficult talks for first sale within BCR
"Face-to-face" negotiations for the sale of a 25% stake plus two of BCR's shares to the European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC), W...
6.2m euro turnover for Tehnoton Iasi
Iasi-based home appliances and professional electronic equipment maker Tehnoton logged 221.5bn ROL (some 6.2 million euro) revenues in the first half, approximately 50% more in ROL than in H...
Astoria Mamaia up for sale
The shareholders of the Mamaia-based Astoria Hotel have put it up for sale by auction organised on September 12, with the starting price set at $1.5 million. According to the sale notice, th...
Hotel owners aching for authority
The hotel owners in Romania feel tourism is going through an unprecedented crisis, following a very slow season in seaside resorts and a decline in take-up in other regions of the country. H...
$12m for Libra Bank
American investment fund Broadhurst will indirectly increase the capital of Libra Bank, which it bought this summer. The $1m capital increase will take place in the near future. The capital...
Brokers' mistakes insured for 200,000 euros
Insurance brokerage firms will have to buy a professional liability insurance covering at least 200,000 euros or for an annual aggregated amount of 500,000 euros, the Insurance Supervision C...