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Romanians spend over 270m euros on confectionery
The value of sales on the confectionery market amounted to around 924.5 million RON (around 277 million euros) last year, up 27.4% against the previous year, after chocolate tablets preserve...
CEC Bank: 15.5m-euro gross profit, down 50% on 2007
CEC Bank has posted gross profit worth 57 million RON (15.5 million euros), over half of the profit for 2007 as a whole (91 million RON). CEC Bank is the new name of the Romanian Savings Ban...
Investment banks trade Romanian shares on parallel markets
Foreign investment banks have started to offer their customers the possibility of trading Romanian shares on their own markets, in parallel with the market operated by the Bucharest Stock Ex...
First mandatory private pension contributions transferred on May 20
The first contributions to mandatory pension funds will be transferred on May 20, and they will be worth more than 37 million euros, given that there are more than 4.1 million contributors,...
Eurolines: Coach companies will focus on shorter distances
Coach companies will begin to look at closer destinations such as Hungary and Bulgaria, in the wake of tighter competition from low cost airlines that fly to Italy and Spain, the countries w...
Cetelem forecasts stagnation on the loan market
The mortgage loan segment could stagnate this year due to an increase in the interest rate, triggered by tougher refinancing. However, Cetelem forecasts an 80% increase in the volume of rele...
Groupama's lawyers expect more French investors on insurance market
After Groupama, the next French group that could take over a local insurance company is AXA, which submitted a takeover bid for Asiban, and is now in the race for taking over Unita. The Fren...
Spree of acquisitions on courier service market
The courier services market has seen several acquisitions since the beginning of the year that have introduced major players such as UPS and the French Post Office on the domestic market, wh...
Top 100 companies on BSE lose 13.6bn euros in 9 months
The value of the top 100 companies on the Bucharest Stock Exchange has dropped 37% in the past nine months, from 36.6 billion euros to 23 billion euros, as the market has been facing the wor...