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NG Viata targets 1 million clients for pillar II pensions
iING Asigurari de Viata has set itself as a target winning one million customers from the 3 million employee market of compulsory private pensions (pillar II), says Radu Vasilescu, pensions...
Automobile Bavaria: 8-fold sale increase for luxury cars
Automobile Bavaria, the importer of the BMW and Mini brands, has decided to sell 100 vehicles, each worth 100,000 euros during the course of this year. Last year, the company sold 12 cars, f...
Reinert comes with 2m euros for brand promotion
Germany's H&E Reinert charcuterie producer, which finalised a 17m-euro greenfield investment near Brasov, is going to invest a net sum of 2m euros this year, to promote its brand domesticall...
Tuborg has 15m euros for marketing
United Romanian Breweries Bereprod (URBB), producing Tuborg and Carlsberg brands under licence, has earmarked a net sum of 15 million euros this year for marketing activities, says Shachar S...
1,000 private banking clients for HVB Tiriac
HVB Tiriac has so far found almost 1,000 individual customers owning liquid assets of over 100,000 euros, who thus benefit from top services of the private banking category. The average valu...
Conferences account for almost half the revenues of Bucharest 5-star hotels
Conference and banqueting services account for between 30% and 50% of the turnover generated by five-star hotels in Bucharest. Investments have been made in conference halls and ballrooms by...
ING gets broker for optional pensions authorised
Amsterdam Broker de Asigurare and OVB Allfinanz Romania Broker de Asigurare are the first insurance brokers on the local market to apply to the Private Pension Supervisory Commission (CSSPP)...
Africa-Israel buys land worth 60m euros for housing
The Africa Israel Europe real estate development firm, which is building the Cotroceni Park shopping complex in Bucharest, plans to buy three plots of land valued between 60 and 70 million e...
Trichet to Romania: No room for relaxation
"Congratulations for what you've done so far, but there is a lot more to do until Romania can converge to the euro, and there is no room for relaxation," Jean-Claude Trichet (photo), preside...