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Mandatory pension funds begin battle for customers
The 17 already licensed mandatory private pension funds (pillar II) could be the only ones that will operate on the market and their race for the 3 million customers has already started The...
Petrom buys back Petromservice for 328.5m euros
Petrom announced the acquisition of the petroleum services branch of Petromservice on Tuesday, with Romania's largest company paying 328.5 million euros for the supplier that was part of it...
UniCredit Tiriac, poised for rapid retail growth
UniCredit Tiriac, the fourth largest bank on the market in terms of assets, is preparing for "strong growth" on the retail market next year. The bank is set to expand its branch network, lau...
Oriflame: Romania targeted for investments worth several billion euros
Romania is on the list of Swedish company Oriflame for the construction of a cosmetics plant, along with Hungary, Ukraine and the Czech Republic. Oriflame is seeking a location for a new cos...
SEWS Deva subsidiary to produce wiring systems for Renault
The Deva subsidiary of Sumitomo Electric Wiring System, a producer of wiring systems for the car industry, has been audited by Renault, so that more than 10 million car wiring systems will b...
UAMT Oradea borrows up to 3.5m euros for investments
UAMT Oradea, a producer of car parts and accessories, plans to contract loans worth as much as 3.5 million euros for investments, the company announced. The loans will be guaranteed with ass...
Saab importer headed for 7m-euro turnover
Augusta Motors, the domestic importer of Saab, expects to see turnover increase by 75%, to 7m euros, from around 4m euros in 2006. According to company representatives, turnover was primaril...
Kaufland: food accounts for 80% of our sales
The discount store network Kaufland derives around 80% of its sales from food products, a higher percentage than the level registered by other traditional hypermarket networks such as Carref...
BelRom earmarks 100m euros for Colentina retail park
BelRom real estate developer has allocated 100 million euros for the development of a retail park and two office buildings in Bucharest's Colentina district, on the site of the former Helitu...