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Cash withdrawal - 300% more expensive than in the rest of the EU
The cost of withdrawing cash from ATM machines, from both a current account or from a deposit, accounts for 33% of the average annual price for banking services paid by a Romanian client. Th...
Terapia to transfer production of some Indian-made drugs to Cluj
The export level of pharmaceuticals of leading domestic producer Terapia Cluj Napoca totalled 10 million dollars last year, 9 million dollars of which were generated by the export of Faringo...
Auchan operator closes 2006 with revenues of 19m-euros
Revenues of MGV Distri-Hiper, the operator of the French-owned network Auchan in Romania, stood at 19 million euros last year, after the company opened its first hypermarket on the local mar...
Bankers unhappy with delay in approval of lending norms
The apparently limitless extension of the time that the NBR is taking to approve the lending norms of individuals has caused concern for commercial bankers, who are starting to publicly accu...
Barclays looks for buyers of covered bonds
Barclays Capital, one of the biggest global investment banks, has started to look for buyers of covered bonds in Romania, issued by the French company Compagnie de Financement Foncier, one o...
Number of visitors at the CERF fails to meet organiser expectations
The IT&C fair CERF (Computers & Electronics Romanian Fair), which took place from May 9th to May 13th, organised by Expotek and held at the Romexpo exhibition centre, attracted around 60,000...
Hotels, sure winners of the Bucharest circuit race
Hotels in the Capital are estimating a 100% occupancy rate when the Bucharest Ring race takes place from May 18th to May 20th. Organisers expect the race to attract around 14,000 spectators...
Allianz-Tiriac sees revenues of 30m euros from life insurance
Allianz-Tiriac estimates it will underwrite 30 million euros' worth of premiums from life insurance in 2007, 20% more than last year, after witnessing a 14% decline, down to 8.4 million euro...
Egnatia Leasing sees volume of financing triple
Egnatia Leasing, a member of Egnatia Greek financial group, last year financed goods worth 71.9m euros, almost three times more than the 26.3m euros registered in 2005. Last year, the compan...