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Overdue payments on loans going up
Romanians' borrowing frenzy and the banks' pursuit of as quick a retail market share expansion as possible is taking its toll: overdue payments on ROL-denominated loans due in more than thre...
Generali relies on banks and brokers
Generali insurance company will pursue consolidation on the Romanian market through strengthening its sales force, as well as thorough tighter co-operation with the banks and the leading int...
NBR: We're keeping an eye on foreign currency loans
The National Bank of Romania will maintain its restrictive monetary policy begun last year over the next few months, as well, keeping the intervention interest on the monetary market at 21.2...
Non-residents spend 31m euro on shares
Foreign investors in January bought shares listed on the two stock markets, Bucharest Stock Exchange (BSE) and RASDAQ worth 31 million euros ($39.2 million), 27.5 million euros of which acco...
BRD on top of inflation in 2003
BRD-Groupe Societe Generale concluded last year with a net profit growth above inflation. The financial statement is to be endorsed by the Board of Directors on April 7, and the shareholders...
Indians take on Italians on Romanian leather market
One of the largest Indian companies, Tata Group, will enter the Romanian market through its leather articles division, Leather SBU (Strategic Business Unit) this year. Its goal is to gain co...
Comtim chokes on Polish imports
Comtim Grup SA, a company that took over about one fifth of the assets of the former swine breeding company in Timisoara, Comtim, logged 14.5 million-euro turnover last year, merely 3% more...
Non-residents spend $5m a month on BSE
The net foreign investments on the Bucharest Stock Exchange (BSE) amounted to about $5 million for the third month in a row. The non-residents in January bought $10.1 million's worth in shar...
Interests on deposits going up
Banking interests are expected to go down again early in the second quarter, but, for now, there is still enough room for a new increase in rates. However, the rise will only apply to deposi...