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Banks will have more capital available for loans from January 1
As of January 1, the risks calculated by banks for mortgage credits will drop from 50% to 35%, according to the new Basel II rules. However, four main requirements have to be met - firstly,...
ING has 333,000 signatures for mandatory pensions
ING Fond de Pensii (ING Pension Fund) has secured over 333,000 signatures for mandatory private pension contracts (the 2nd pillar) in the first two weeks since the launch of the system, comp...
CNPAS prepared for first reports on mandatory pensions
The National House of Pensions and other Social Insurance (CNPAS) is ready to start its process that keeps track of participants for mandatory private pensions (the 2nd pillar), Mariana Camp...
Profi poised for national expansion
Caius Crisan, the general manager of Profi discount store network, says the company's strategy targets national network coverage, with further store takeovers being considered. Several month...
Pillar II pensions: 15 million contracts for 3 million clients
The high ambitions of mandatory private pension (pillar II) managers show in the large number of participation contracts sent to agents and brokers; a number likely to exceed 15 million for...
Automobile Dacia unable to meet demand for Logan MCV
The waiting period for a Logan MCV, which is designed for emerging markets, now stands at more than three months for Western European countries and could be as long as five months, which is...
Cocor, fined 300,000 euros for "insider trading"
CNVM (National Securities Commission) has fined Cocor Bucuresti (COCR) 1.01 million RON (300,000 euros) for transactions that involved SIF Transilvania (SIF3) shares between May 24 and May 3...
First summer of price hikes for apartments
Apartment prices in Bucharest went up by 10% between June and September, as the price per square metre reached 1,716 euros, indicates an analysis conducted by ZF based on advertisements in t...
Allianz-Tiriac passes 10,000 client-mark for voluntary private pensions
Allianz-Tiriac Pensii Private (Allianz-Tiriac Private Pensions) has signed more than 10,000 contracts with participants for its voluntary pension fund. By September 18, the company's two vol...