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Deloitte launches consulting department for European funds
Deloitte Romania, an audit and consultancy company, has launched a department to attract structural funds, George Mucibabici, company chairman said yesterday. "Through this new service, we w...
Nine bleak months for insurance companies
Most large insurers reported losses or lower profits in the first nine months of the year, due to an increase in the rate of claims. The first nine months of this year were bleak for the lea...
7 banks account for only 9% of mandatory pension market
Two months after the start of the campaign to sell pensions, the seven mandatory private pension fund management companies (pillar II) established by banks total just 9.2% of the number of c...
Cristalex sees 50% higher sales for Teacher's Whiskey
Cristalex, the importer of the Campari, Jim Beam and Cinzano brands, estimates sales of the Teacher's brand will amount to 5 million euros this year, amid an over 50% sales increase after th...
Countdown starts for Transgaz
Transgaz will sell its shares at a price of 191.92 RON/share, with the public offering in view of floatation on the Stock Exchange to be carried out in the November 26 - December 7 period. T...
Winter brings good interest rates for credits and deposits
In the process of strengthening the monetary policy, commercial banks have released a wave of promotional offers, with cuts on credit costs. Two top banks have announced increases in interes...
BCR: zero down payment for mortgage credits
BCR (the largest bank in the system) will reduce the down payment for real estate funding to 0% starting next week, therefore taking the final steps towards relaxing the lending policy for i...
Pegasus seeks partnership for expansion
Courier company Pegasus, which forecasts business worth between four and five million euros from courier services, will sign a partnership with an investment fund or a strategic partner, wit...
White & Case: We will not compete for clients in Romania
American law firm White & Case, one of the largest law firms worldwide, plans to open an office on the Romanian market at the beginning of next year, after it tested the market for over a ye...