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Raiffeisen Evolution to start works on Floreasca City
Real estate developer Raiffeisen Evolution, a division of Austrian financial group Raiffeisen, will start construction works on the mixed project Floreasca City in Northern Bucharest, which...
Insurers plummet on Stock Exchange in Q1
The four insurance companies listed on the Bucharest Stock Exchange have seen their shares fall by as much as 53.8% since the beginning of this year, following the general trend of the marke...
Goodyear: All players will capitalise on the car market boom
Ovidiu Balan, the new general manager of Goodyear Dunlop Tires Romania, a company with turnover worth over 35 million euros a year, says tyre distributors will continue to see positive resul...
Groupama, third on insurance market in 5 months
In just five months, the French firm bought three insurers for almost half a billion euros, with Groupama's name, almost unknown until late last year, now being frequently mentioned. Groupam...
On the move
Zentiva Dragos Damian, director general Dragos Damian, fostul CEO al producatorului local de medicamente Terapia Ranbaxy, a preluat si pozitia de director general al Zentiva (fostul Sicomed)...
7.5bn euros paid on foreign debt
Romania paid more than 7.5 billion euros in instalments and interests on medium and long-term foreign debt, which exceeded 37 billion euros. Over the last seven years, the volume of debt inc...
Derivatives on BSE from April 14
The Bucharest Stock Exchange (BSE) will launch derivative financial instruments on April 14, using the shares of ten companies on the BSE and the RON/EUR and RON/USD as underlying asset. The...
US and Romanian presidents insist on NATO enlargement
US President George W. Bush and Romanian President Traian Basescu yesterday had a bilateral meeting in Neptun (on the Black Sea coast), a few hours before the start of the NATO summit in Buc...
Voluntary pension funds investing more and more on stock market
The voluntary pension funds are investing larger and larger percentages of their assets on the Bucharest Stock Exchange despite the uncertainty and the massive losses on the capital market....