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5% of savings set up for over one-year maturity
Only 5% of the population's deposits are made for periods longer than a year, while 30% of them are overnight deposits, shows data for January supplied by the NBR (National Bank of Romania)...
Omniasig Viata wants 10% of private pensions market
Omniasig Asigurari de Viata, part of Vienna Insurance Group, plans to grab around 10% of the private pensions market from the very first year both on pillar II (compulsory private pensions)...
Hundreds of applications for IKEA franchise
IKEA, the Swedish furniture company that opened its first store in Romania last month, has revealed that the first application it received for a franchise in Romania came shortly after the r...
Cumulated value of transactions in 2006: 4 billion euros
Transactions often make the front-page headlines of newspapers throughout the entire world and ZIARUL FINANCIAR has always tried to be the first to break the news. We first did it in 2005 wh...
Credit Europe Asigurari wants 1.5% of general insurance market by 2008
Turkey's FIBA financial group wants to gain 1.5% of the general insurance market by 2008 through the recently created FIBA Asigurari insurance firm. "We believe that owing to the still low p...
Americans put their own people at the helm of Pepsi in Romania
American company Pepsi Americas, which last year took over total control of Quadrant Amroq-Beverages (QAB) bottler, appointed Mike Holmes, a manager from the Pepsi Americas team, as the head...
Number of passengers using low cost airlines up 50%
Romanian integration into the European Union has generated over 50% surge in the number of passengers using low-cost airlines on the local market, while established airline companies saw a g...
Ikea targets a maximum of 8 stores in Romania
Moaro Trading, the operator of the Ikea franchise in Romania, intends to open another two or three stores on the Romanian market in the next five years, with the network to expand to eight o...
Prices of auto liability policies increase
Insurance companies are preparing price rises for compulsory auto liability policies (RCA), of around 18% for individuals and of 31% for companies, according to data already published by fou...