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OTP estimates 23% asset rise for Romanian branch
The Hungarians at OTP Bank have made only moderate development plans, for their Romanian branch in 2007, after it saw its assets triple last year. The assets of OTP Bank Romania are expected...
Slow rate for registration of NBFIs
The NBR (National Bank of Romania) registered only 42 financial leasing companies in the General Register out of a total of 300. As a result, the growth rate of registrations has remained sl...
5,000 to be hired for Constanta-Trieste pipeline
The construction of the Constanta-Trieste pipeline could generate 5,000 new jobs over the period the project is carried out, of which 1,000 will be permanent ones, according to the represent...
Licensing applications for compulsory pensions can now be submitted
Today, April 10th, begins the licensing period for the future managers of private compulsory pensions (the 2nd pillar), according to the schedule announced by the Pensions Commission (CSSPP)...
Private pensions ready for launch
The launch of optional private pensions (the 3rd pillar) is fast approaching, with the first contributions being collected in May and the collection of compulsory private pensions (the secon...
7m-euro profit for AIG Life
AIG Life Asigurari Romania (AIG Life Insurance Romania) posted 24 million RON (6.8 million-euro) gross profit last year, an increase of 68% in RON against 2005. "Last year, we recorded an al...
CEC sells offices in Sibiu for 10m euros
CEC (The Romanian Savings Bank) is organising an auction to sell its office building in the centre of Sibiu, an 11-storey building appraised by real estate agents to at least 10 million euro...
Oresa Ventures sells La Fantana for over 35 million euros
The Swedish investment fund Oresa Ventures is close to selling the La Fantana business- the biggest bottler for water cooler systems, to a financial investor for more than 35 million euros,...
Golden Tulip hotel sold for 12m euros
Atlas Estates International, a company with investments on the real estate market in Central Europe, has acquired three-star hotel Golden Tulip on Calea Victoriei, according to an announceme...