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Schreiner: NBR should only discourage consumption credits
The central bank should try to discourage short-term credits, which fuel consumption, but do not affect investment financing, says Gerald Schreiner, CEO of Volksbank, the eighth bank in the...
Elite sells Delis division, keeps only coffee business
Elite, the coffee producer that recently changed its name to Strauss Romania, will give up the Delis brand range (peanuts, sunflower and pumpkin seeds) after it sold Merlin biscuits to Dobro...
Only 5% of retail loans arranged via brokers
Loans arranged by brokers currently account for below 5% of the overall volume of retail loans released by banks, but their weight is likely to rise 3-4 times within 5 years. "The credit bro...
7 banks account for only 9% of mandatory pension market
Two months after the start of the campaign to sell pensions, the seven mandatory private pension fund management companies (pillar II) established by banks total just 9.2% of the number of c...
Only 60% of mall projects will be delivered
The tenant mix is expected to play a major role in new shopping centre developments, with land already acquired and project designs already set. At present, the domestic market is flooded wi...
Only 32 Romanian companies in Top 500 Eastern Europe
Only seven Romanian companies are present in the ranking of the largest 100 companies in Central and Eastern Europe and 32 are in the top 500, according to the "Top 500 companies in Central...
Only 1 of top 7 regional banks not present in Romania
Out of the top 7 players involved in the domestic banking sector just one name does not have a strong presence on the Romanian market, according to a survey conducted by UniCredit. The Centr...
Only Bucharest residents save more than they borrow
Bank loans contracted by the Romanian population are larger than the time deposits opened over all the counties, with the exception of Bucharest. In the West, individual investors are positi...
State pays the highest salaries, though only statistically
The state is the most generous employer in Romania, and the salaries it pays are the highest of the entire economy, the most recent survey conducted by the National Statistics Institute reve...