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Ergo is interested in general insurance
German group Ergo, which is poised to enter the local life insurance market, has also shown an interest in general insurance, and intends to set up a new company or make an acquisition, Andr...
P&G turnover stagnates, but profit is up
The turnover of companies controlled by American FMCG giant Procter & Gamble in Romania reached a total value of 553.2 million euros (1.9 billion RON) last year, just 1% more than in 2006, w...
Lucian Anghel: "Monetary policy is quite restrictive"
The monetary policy is quite restrictive, and the foreign analysts stating the contrary are not considering the impact of the mandatory minimal reserves, says Lucian Anghel (photo), chief ec...
Transition is over: IMF could close office in Bucharest
IMF, the "bogeyman" of Romanian governments since 1990, might close its Bucharest office, as part of a restructuring process whereby the international financial institution attempts to curb...
Odorhei plant is Infopress' 'aircraft carrier'
The Infopress printing group, held by Iceland-based investment company KVOS aims to double its turnover within three years, a business put at 110 million euros in 2008. According to company...
ONRC: It is now possible to submit incorporation papers online
In a few weeks it will be possible to submit online all the documents required to establish a company on file with the National Trade Registry Office (ONRC), as soon as an Emergency Ordinanc...
Josef Goschy estimates hotel network is worth 367m euros
Timisoara-born businessman Josef Goschy (photo), the hotel owner who boasts the largest accommodation capacity on the Romanian market, says he intends to sell ten assets (including hotels, c...
Carabulea: Carpatica's lower profit is natural
The net profit of Banca Carpatica saw a strong decline last year, by almost 59% against 2006, to 7.98 million RON (2.4 million euros), however, Ilie Carabulea, the main shareholder of the le...
Alison Hayes: Romania is still a production market
Alison Hayes, the local subsidiary of the British ladies' clothing manufacturer by the same name, continues to regard Romania exclusively as a production market and distributes 95% of its me...