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Bucharest Stock Exchange keeps 18 million euros in the bank
The Bucharest Stock Exchange (BSE), the operator of the stock market in Romania, had almost 66 million RON (18 million euros) invested in bank deposits at the end of last year, although one of the main goals of the institution is to attract as many investors a...
Low volume of assets keeps mutual fund managers' salaries down
Investment managers make an average 1,500 euros a month on a mutual fund market where profitability is highly dependent on the volume of managed assets. The salaries earned by local investme...
Sale by PPF Investments keeps insurersArdaf and RAI in the family
Therefore, the Czechs are poised to strike a deal "in the family", in light of the fact that PPF Investments is a subsidiary of PPF Group, which recently formed a joint-venture with Generali...
Elite sells Delis division, keeps only coffee business
Elite, the coffee producer that recently changed its name to Strauss Romania, will give up the Delis brand range (peanuts, sunflower and pumpkin seeds) after it sold Merlin biscuits to Dobro...
Raiffeisen keeps an eye on competition
Raiffeisen Bank, the third largest player in the system, is starting to feel the pressure of stronger competition, after Alpha Bank advanced and climbed to fourth position, and UniCredit Tir...
Pascariu, UniCredit Tiriac: Poor infrastructure keeps investors away
I hear investors say they have refrained from opening new production facilities in Romania because they cannot ship their freight quickly or efficiently enough, says Dan Pascariu, chairman o...
MKB keeps Adrian Radu at the helm of Romexterra
The executive management of Romexterra, the local branch of the German group Bayern LB, will be controlled by a board made up of three members, headed by the current chief executive of the b...
Steady growth keeps real estate market balanced
Eduard Bogdan Desliu, country manager of Premiumred, the real estate arm of Volksbank, believes the fact that the Romanian market is not witnessing a fast growth is a good thing in compariso...
Camelia Sucu exits Mobexpert business, keeps Class
Businessman Dan Sucu has taken over, through one of his companies, the entire 40% stake that Camelia Sucu had in 15 of the Mobexpert Group companies, for approximately 40 million euros. The...