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McKinsey: There isn't room for everybody on the market
The number of branches is the most successful aspect of the Romanian retail banking market, states Andrei Caramitru, managing partner at the Romanian office of McKinsey, one of the most impo...
Intesa Sanpaolo focuses on organic growth and retail
Intesa Sanpaolo, the domestic division of Italy's largest financial group, is counting on the potential of real estate loans to gain a market share. "Intesa Sanpaolo Bank will pursue a gradu...
Romania intent on growth despite bearish forecasts
The first quarter showed that the Romanian economy has the capacity to grow at a steady pace, despite the turmoil witnessed on international markets. "Romania is following a positive economi...
Mercedes-Benz about to decide on location in Romania
Mercedes-Benz has chosen Timis County as the location for a new plant that will assemble future generations of the A and B Klasse model, according to sources on the market, confirmed by the...
Elvila shuts down small stores to focus on showrooms
Elvila group, the furniture manufacturer and retailer controlled businessman Viorel Catarama, will continue its expansion with larger stores, and has medium-term plans that target another th...
Private pensions firms start off on the wrong foot with 50m-euro losses
Mandatory private pension companies (pillar II), initially touted as the business of the next decade, ended last year with overall losses worth almost 50 million euros (164.8 million RON), a...
NBR: Population short on money for new credits
The population's demand for credits could decline in the coming period, after individual clients already experienced liquidity constraints, while optimism regarding future increases in incom...
EFSE: Too much focus on urban areas
The European Fund for Southeast Europe (EFSE), which has investments worth 77m euros on the Romanian market, plans to obtain financing from the Romanian-German Fund, to which the Finance Min...
Interbrands puts Bucharest and London flotation on hold
Interbrands, the largest FMCG distributor on the market, which took the first steps towards floatation on the Bucharest and London Stock Exchanges, has decided to put the move on hold due to...