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Private pensions are on schedule
The timetable for the setting up of the private pensions system will not be influenced by the letter sent by some of the future managers as they stand no chances of changing the law on the p...
On the move
GSK Romania David Lechleiter, vicepresedinte si director general GlaxoSmithKline Romania (GSK), liderul pietei farmaceutice romanesti, a numit un nou vicepresedinte si director general, in p...
ING relies on chip cards
ING Bank will implement the chip technology into all the cards in its portfolio and also plans to develop payment acceptance systems that are compatible with this technology. At the beginnin...
Asigest focuses on the provinces in 2006
Insurance broker Asigest handled insurance premiums worth 18.5 million euros, an increase of 15% against the level seen in 2005. "The growth was prompted by the focus on non-leasing insuranc...
Isarescu to bankers: Provide info on all loans
Share all information about the loans taken out by individual customers, not only overdue payments on loan instalments. This is the recommendation made by NBR Governor Mugur Isarescu, sent i...
Egnatia tries to gain market share on project finance segment
Egnatia Greek group has impressive investment plans for Romania, which include direct involvement, through either financing or capital, in project development. In the case of interests in th...
Moda Arad continues to rely on exports
Arad-based Moda, a local producer of women's off-the-peg clothing, estimates a turnover worth 4.2 million euros this year, up by over 5% against 2006. "The factors we are relying upon are in...
Bankers drop down payment on loans in anticipation of new NBR regulations
Bankers are getting ready to announce cuts in the minimal down payment they require from those taking out a real estate loan, without waiting for the regulation of the NBR lifting the restri...
Population refocuses on saving in January
The month of January confirmed the trend of the population to refocus on saving, after the last two years had shown that there was a big thirst for consumer finance. The maintained high inte...