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Private equity funds bring in half a billion euros
Romania attracted private equity investments worth 476 million euros in 2007, four times more than in the previous year, ranking second in Central and Eastern Europe in terms of the number of deals sealed, according to a survey conducted by the European Privat...
Unita up 46% on comprehensive insurance in first half
Unita, a company currently involved in a takeover at the hands of Austrian Uniqa group, posted a 46% increase in its comprehensive auto insurance in the first six months, to 132.5 million RO...
OTP ends first half with over 5 million-euro losses
OTP Bank Romania ended the first half with a net loss worth over 5 million euros, most of which was accumulated in the second quarter, due to the increase in credit loss reserves by no less...
Multinationals spend 30,000 euros monthly on expat execs, half of which on salary
The net salary accounts for just half of an expat's costs in Romania. A multinational spends around 30,000 euros a month on an expat who holds a CEO or a general manager position, i.e. 360,0...
BCR's net profit increases by 48% to 206.6 million euros in first half
The BCR group derived net profit worth 206.6 million euros in the first half of the year, up 48% on the same time last year. Andreas Treichl, CEO of Erste Bank, the majority shareholder of B...
Finance Ministry sells only half of T-Bills in H1
The Ministry of Economy and Finance (MEF) sold T-Bills worth half the originally estimated value in the first six months, but the estimated value of issues in the first three quarters reache...
In four months, bankers make half of last year's profit
Banks have continued their race to derive an annual profit worth one billion euros, after they derived almost half last year's overall net profit, worth around 825 million euros, four months...
Half of Lafarge staff have joined a voluntary fund
Lafarge Romania, the largest cement manufacturer on the local market, has decided to contribute to a voluntary private pensions fund (3nd pillar) on behalf of its staff as part of the employ...
KPMG wants half of its clients to be Romanian
The level of foreign investments attracted in Romania may come to a halt due to the lack of a developed infrastructure and education. Serban Toader, a senior partner with KPMG, the domestic...