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Julius Baer spends more than 350m dollars on the Stock Exchange
The investment funds managed by the US branch of the Swiss Julius Baer bank, reached an exposure of more than 355 million dollars (270 million euros) on the Bucharest Stock Exchange at the e...
OTP Bank focuses on retail
OTP Bank's priorities in 2007 will be continual territorial expansion, in addition to supplementing the universal bank offer on the segments of mortgage credits, cards, investment funds and...
Spread between rates on loans and deposits in RON down to half
The spread between interests on loans and interests on deposits in RON has halved on the retail segment over the last three years, from an average of almost 15 percentage points in 2004 to l...
Natuzzi counts on 84m-euro sales
Italsofa Romania, part of Natuzzi international group, one of the world's biggest sofa producers, expects to derive a turnover of approximately 84 million euros this year, an increase of mor...
Transactions on forex market hit record high in February
The interbank forex market set a new record in the volume of transactions for February with 22.5 billion euros, four times higher than the monthly average of 2004 and 62% higher than the mon...
On the move
GE Money Romania Monica Mihai, Insurance Leader Monica are 6 ani de experienta in asigurari si s-a alaturat incepand cu 15 februarie echipei GE Money Romania pe pozitia de Insurance Leader....
Fiscal authority clings on to VAT revenues
From April 15 until the end of 2008, importers who bring commodities from outside the EU will again pay VAT at the customs office. The move comes three years after the old system was abolish...
Analysts expect cuts on minimum compulsory reserves
The market is again divided before today's NBR (National Bank of Romania) meeting on monetary issue problems, with many analysts expecting to see a cut in the minimum compulsory reserves, wh...
Foreign investors focus on Eastern Romania
Attracted by cheap labour and low land prices, foreign investors will shift their attention towards Romania's less affluent Eastern region, the secretary general of the Romanian Agency for F...