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Romanians spend 50m euros on Christmas travel packages
Over Christmas and New Year around 160 million Romanians took holidays away from home and spent over 50 million euros. "Around 40,000 Romanians chose to travel abroad, up 25% against the sam...
Raiffeisen keeps an eye on competition
Raiffeisen Bank, the third largest player in the system, is starting to feel the pressure of stronger competition, after Alpha Bank advanced and climbed to fourth position, and UniCredit Tir...
Bleyzer targets floatation on Western stock markets for its companies
American investment fund SigmaBleyzer, which entered the Romanian market last year through the acquisition of dairy producer Covalact, aims to boost the value of its purchased companies with...
Over 150 foreign insurers on Romanian market in 2007
Over 150 insurers from the European Union have entered the Romanian market after they notified the Insurance Supervision Commission (CSA), and took advantage of the European passport. The bu...
Jacques Daniel: We're a little disappointed in decline of Dacia sales on local market
Worldwide sales of Automobile Dacia increased 17.4% in 2007, to 230,473 units, from 196,378 units last year, according to company statistics, with more than half the production of the Mioven...
Millennium Bank to grow more on corporate side
Millennium Bank, the domestic unit of the Portuguese bank that competed in the race for BCR in 2005, is relying on corporate customers and small firms in terms of turnover growth this year....
Top transactions on Bucharest Stock Exchange in 2007
"Almost everything that was for sale was bought," a broker said as comment on the big transactions conducted on the Stock Exchange in 2007. His statement, although exaggerated on purpose, su...
Top manageri on the move
Nicolae Danila, presedintele executiv al celei mai mari banci din sistem, BCR, a demisionat din functie si a parasit banca la 1 decembrie, dupa un an de cand austriecii de la Erste au prelua...
Three groups on the shortlist for LaborMed takeover
Two investment funds and one international pharmaceuticals company are on the shortlist to take over drug producer LaborMed Pharma. Advent International and GED Capital, investment funds whi...