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Head of CSA warns about reserves of auto liability insurance sellers
The average value of claims for car accidents occurring abroad, caused by Romanian individuals or companies are at fault, is 3-4 times higher than within the country, therefore the insurance...
Bouton, GSG: We're at the end of a world cycle of "extremely favourable" loans
The big news nowadays is that emergent markets, especially Romania, are proving extremely resilient to the turmoil of the mature financial markets, with investors not withdrawing their money...
Spanish group Roca targets 40% of sanitary ware market
Spanish group Roca, the largest sanitary ware producer in the world will invest around 10-12 million euros in doubling its production capacity on the Romanian market after taking over the sa...
Legislation change: 2% of gross income, not gross salary
The Government has decided that the 2% contribution for mandatory pension funds in the first year of pension collections will be calculated as a percentage of gross income, and not of the gr...
BDG sells 2m-euro worth of Heinz ketchup
Heinz, the American ketchup brand distributed on the Romanian market by BDG Import, importer of the Jack Daniel's whisky, Corona beer and Evian mineral water, forecasts a 2 million-euro turn...
Brokers to arrange 30% of banking loans in 5 years
Over 500 credit brokers arrange approximately 5% of the overall volume of loans granted by banks, with the domestic banking brokerage industry lagging far behind the European market, where a...
Leonardo, 85% turnover growth since start of the year
Leonardo, an international footwear retailer headquartered in Oradea, in the first six months of this year generated turnover worth above 54.6 million euros (184m RON), up 85% against the sa...
IKEA grabs 4% of the furniture market in its first six months
IKEA, the Swedish-based furniture and interior decorations retailer, has posted business worth 40 million euros within its first six months on the Romanian market, 75% higher than initially...
Unilever: Romania is an exporter of good managers
Antoine de Saint-Affrique, Unilever's vice-president for Central and Eastern Europe, says Romania has been one of the top two European markets to derive the highest turnover growth rates for...