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The most important trends of 2008
The most important trends for 2008 across various sectors as anticipated at the start of the year. The banks and insurance field sees a hectic start of the year for the RON, as analysts fore...
BT sees profit tripling following sale of insurance division
Banca Transilvania (BT) is preparing to more than triple its net profit for 2007 against 2006, after collecting 76.5 million euros, i.e. 85% of the price it is due to receive for selling the...
2007, the year of deeper economic imbalances
The year 2007 has been a turning point for Romania, after EU integration, marked by widening economic imbalances and political environment fragmentation. One of the risk factors for 2008 is...
AutoItalia: Car sales go up irrespective of discounts
Particularly in November-December, a rising number of car importers or dealers are rolling out special promotions, but these do not have a significant impact over sales, says AutoItalia chai...
AIG negotiates takeover of Oradea-based Simcor
Shareholders of the Simcor group in Oradea, one of the largest producers of construction materials in Romania, are under negotiations with several foreign investment funds, among which AIG C...
A Romanian, head of ING lending in 10 countries
Mihaela Bitu, 37, ING Bank Romania executive director, has been appointed as regional head of general lending Central and Eastern European products with ING Bank Netherlands, a position from...
Banks account for less than 10% of mandatory pensions
The 7 banks which have had a direct involvement in the management of mandatory private pensions (pillar II) together have a less than 10% market share, after the first 3 months of selling su...
Fitch taie ratingul Bank of America
Fitch a redus ratingul pentru Bank of America la negativ de la stabil, din cauza "slabiciunii" portofoliului de credite ipotecare, anunta MarketWatch. Bank of America, a doua mare banca din...
Pan Group: exports generate 10% of turnover
Milling and bakery producer Pan Group, based in Craiova, which posted turnover worth 23 million euros in 2006, estimates exports will account for 10% of the company's turnover next year, i.e...