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Clients have to pass 2% interest rise and 15/25% RON depreciation tests to get a loan
The clients that take out new loans need to be able to cope with increases in interest rates by at least two percentage points and a depreciation of RON by at least 15% against the euro, and at least 25% against the Swiss franc, according to the minimum stress...
ING: Don't bet on RON appreciation, you'll get burned
Those who bet on the RON's appreciation to continue, after the unexpected exchange rate decline at the beginning of the month, are playing with fire and could be in for a surprise, write ING...
How to get 60% of a pension from private funds
An employee can get at least 60% of their pension from private pension funds if they save at least 100 euros per month in a voluntary pension fund. Such a contribution to a voluntary pension...
Some departing managers get 150,000 bonuses
Romanian market top managers can receive as much as 150,000 euros in the form of exit bonuses, if their employer decides to renounce their services. "The value of an exit bonus can be six mo...
Ardaf set to double turnover and get rid of losses
Ardaf, one of the ten biggest insurance companies on the market, plans to end this year with gross underwritten premiums worth 100m euros, double the level reached last year. "Our goal is to...
Vlad Stan could get several millions of euros from Vodanet exit
Vlad Stan, one of the top five managers in the Romanian online industry, could collect several million euros from the sale of the 40% stake he holds in the online publishing company Vodanet...
A&D Pharma's bosses get another 2.5 million euros if targets are met
The five executive directors of A&D Pharma, a company with a 566 million-euro capitalisation on the London Stock Exchange, are set to receive 2.5 million euros in shares if the targets to in...
Africa Israel pays 78.8 million euros to get NCH out of Cotroceni Park
Real estate developer Africa Israel, controlled by Lev Leviev, one of the richest businessmen in Europe, has bought the 50% stake owned by US investment fund New Century Holdings (NCH) in Co...
Petrom could pay ?300m to get Petromservice back
Petrom, the biggest Romanian company, has confirmed recent information that it may acquire Petromservice, the biggest supplier of services and equipment for the oil and gas industry. Accordi...