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Online commerce, the latest weapon on the travel agency market
Cristian Balcescu, chairman of the travel agency CMB Travel, is counting on working with customers online this year. "We''ve opted for the online business formula this year and this is a fin...
Erste: BCR must recoup lost market share
Interest rates will continue to fall, despite persisting inflationary pressures, but the policy Erste/BCR will embrace will be to encourage customers to be moderate in their borrowing, state...
Mutual funds market set to reach 1bn euros in five years
Daniel Stifter, general manager of the Eurobank Mutual Funds Management investment management firm, part of Eurobank Greek bank, the majority shareholder in Bancpost, says the development po...
Marriott enters the free gas market
JW Marriott, the biggest five-star hotel in Romania, is preparing to significantly cut back on its gas bill by directly negotiating purchasing prices, which is what refineries, cement plants...
Amazon engages in recruitment campaign on the Romanian market
US-based Amazon, the operator of the largest on-line shopping portal, has rented 2 floors in an office project in Bucharest, real estate market sources say. The office space, which covers mo...
Banks raising the stake on mutual funds market
The largest banks in the system have found a new battleground over the past twelve months: the mutual fund market. Almost every major Romanian banking group has thrown millions of euros onto...
BCR VP foresees market stability
Dan Bunea, the executive vice-president of the largest bank in the system, BCR, foresees a continuation of the appreciation of the RON in nominal terms and a stability of RON interest rates...
Promising start for forex market
The year got off to a flying start on the forex market: the daily volume of transactions is frequently higher than 800 million euros, compared with an average of 300-400 million euros a year...
30% market share eyed by Enel
The utility company Enel announced a change of name for the distribution companies it owns in Romania, Electrica Dobrogea and Electrica Banat. The two entities will alter their names so as t...