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BCR, BRD and Raiffeisen accumulate 80% of banking system profit
The top three banks in terms of assets - BCR, BRD-SocGen and Raiffeisen Bank, accounted for 80% of the profit derived in the banking system in the first half of the year, a total of 421 mill...
ASE faced with 15,000 drop in the number of students
"The reduction in the number of students, which will be done gradually by reducing the number of places available, is caused by an insufficient number of teachers. We now have 1,000 teachers...
Tuca Zbarcea & Co in talks for absorption of ten-lawyer firm
"We have expanded our offices to the seventh floor of the building (the company is headquartered on the eighth floor of the America House in Piata Victoriei), where we rented 500 square metr...
ING's Boyer believes one more year of financial crisis still to come
The world is going through a period of intense stress and is likely to experience the financial crisis for another year, believes Eric Boyer, a member of ING Group's executive board and head...
Bucharest lags behind in terms of supermarket area per capita
Bucharest had 110 square metres of supermarket area (which includes all forms of modern food retail) per thousand inhabitants, a twice smaller value than for Cluj-Napoca, according to data c...
Local agencies bring 7% of IMSG's business
Local operations of the communications group International Marketing&Sales Group (IMSG), which last year bought 70% of advertising agency Friends Advertising, will amount to around 7% of the...
Petrom buys twice the volume of oil to offset stagnating production
Petrom Bucharest (SNP), the largest Romanian company, bought oil and oil products worth 2 billion RON (545 million euros) from other companies in the Austrian OMV group (its majority shareho...
ING appoints Romanian CEO to the helm of insurance division
Cornelia Coman has been appointed to the helm of the largest life insurance company on the local market, ING Asigurari, with turnover worth 150 million euros last year, and will replace Dutc...
Deloitte: 20% of deals started are on hold
"It has to do with the subprime crisis. Most of our customers are multinationals that are being affected by market conditions, particularly investment funds that specialise in real estate. T...