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Automatic renewal of RCA contracts challenged

The European Integration Ministry (MIE) intends to request that the Insurance Supervision Commission drop the order of automatic renewal of auto liability insurance contracts (RCA), because...

Ziarul Financiar · 12.05.2006 · 00:00 · 2 min
ZF English

Losses of 6.2m euros for Astra Asigurari

Astra insurance company closed the 2005 financial year with total losses of 6.2 million euros (22.4 million RON), 5.2 million euros of which come from general insurance, reads a report of th...

Ziarul Financiar · 11.05.2006 · 00:00 · 1 min
ZF English

Investment funds sell 33% of Rolast

A stake amounting to almost 33% in the rubber parts manufacturer Rolast Pitesti was transferred on Tuesday on the Bucharest Stock Exchange in a transaction worth 6.8 million RON (almost 2 mi...

Ziarul Financiar · 11.05.2006 · 00:00 · 1 min
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Foreigners sell loads of bonds in RON

Demands by foreign investors, interested in investments in RON are forcing big foreign banks to find ways to issue bonds in Romanian currency, now that the Finance Ministry is not present on...

Ziarul Financiar · 11.05.2006 · 00:00 · 1 min
ZF English

Number of Romanians investing on the BSE halves

The downward trend that the Bucharest Stock Exchange (BSE) has seen since the end of February has turned local investors away from the market, with the monthly number of Romanian individual...

Ziarul Financiar · 10.05.2006 · 00:00 · 1 min
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Rumours of new tax send petroleum stocks diving

The shares of petroleum companies Petrom and Petromidia (Rompetrol Rafinare) fell on the Bucharest Stock Exchange yesterday after information surfaced about the possibility of an additional...

Ziarul Financiar · 10.05.2006 · 00:00 · 3 min
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Turks expand surface of Bucuresti Mall

Bucuresti Mall, the first shopping centre of its type in Romania, will increase its amount of retail space in the wake of an investment estimated at 10 to 20 million euros, say sources on th...

Ziarul Financiar · 10.05.2006 · 00:00 · 1 min
ZF English

RBL sells 243m euros worth of saving-lending contracts in one year

Raiffeisen Banca pentru Locuinte will double its assets this year to 80 million euros, says Ionut Costea, the chairman of the institution, who expects to sell 70,000-80,000 saving-lending co...

Ziarul Financiar · 10.05.2006 · 00:00 · 1 min
ZF English

Soft32.com owner wants to develop instead of selling

Lucian Todea, owner of soft32.com, the second ranking site in terms of the number of visitors in Romania, as shown by Trafic.ro, and among the top Romanian websites in the world, says his pu...

Ziarul Financiar · 08.05.2006 · 00:00 · 2 min