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Voluntary pensions market diversifies its offers
The most recent emergence of two voluntary private pension funds (AZT Vivace and ING Optim) has significantly diversified the offer of products on the pensions market, which is indicated in...
Plus Discount expands its logistic platform
The operator of the Plus Discount Romania store network has started construction works in order to expand, by around 50%, the storage capacity of its logistic platform in Ploiesti, with the...
Petrom builds its own "city"
The new headquarters of Petrom, the largest Romanian company, will cost 130 million euros, almost double the value originally announced by the company. Petrom City will be located on a 100,0...
Leumi to add $65m to its capital
Bank Leumi's share capital will be raised by $65m (49m euros) to $100m (75m euros), in the wake of the bank's expansion on the domestic market, reads Globes Israeli publication. The bank is...
Tina R sells 49% of its shares to aid expansion and BSE listing
The shareholders of the clothing stores chain Tina R sold 49% of the company's shares through a capital increase worth 3 million euros, with two targets in mind: expansion onto the local mar...
BACA Romus expands its operations
The shareholders of BACA Romus, a non-bank financial institution, a part of the Unicredit Group, have decided to expand their operations, to include consumer credits, real estate credits, fu...
Gedeon Richter adds 40m euros to its capital
Gedeon Richter, a part of the Hungarian group Richter, the only player with integrated operations on the local pharmaceutical market, will increase its share capital by 65 million RON (19 mi...
Pepsi Americas Romania not to change its team
Mike Holmes, who took charge of Pepsi Americas Romania operations after the deal by which the world's second leading Pepsi product bottler entirely took over the domestic bottler was finalis...
ING continues to bank on its own formula
ING Bank Romania's revenues are constantly increasing; profit, however, might halve in 2007 compared with last year's figure due to the bank's intended investments. The investments could out...