prepares
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Generali prepares for compulsory pensions
Generali Asigurari (Generali Insurance) intends to apply for licence for its pension company that will manage 2nd pillar pensions (compulsory pensions). "We have begun to structure our compa...
BCR Life prepares for entry on unit-linked segment
BCR Asigurari de Viata (BCR Life Insurance), a member of the financial group BCR, intends to enter the unit-linked life insurance segment (of policies, which entail investing part of the pre...
Petrom prepares to produce energy in 2010
Petrom will start generating power in 2010, if the feasibility study for the 800 MW cogeneration power plant (accounting for around 5% of Romania's annual consumption) located within the Pet...
Sibiu Exchange prepares 8m-euro public offering
The Sibiu Monetary-Financial and Commodities Exchange, the only market where derivatives (options and futures) are currently traded, will propose to its shareholders in mid-July to launch of...
Bancpost prepares to sell pensions and bonds
The shareholders of Bancpost, the sixth largest bank on the market, have decided in favour of having the institution's business expand by including the distribution of fund units of pension...
Ministry of Finance prepares Supervisory Board for CEC
The Ministry of Finance, sole shareholder of the CEC (Romanian Savings Bank), intends to separate the executive management of the bank from its management-supervision structure and set up a...
Raiffeisen prepares bond issue in RON
Raiffeisen prepares bond issue in RON
Transelectrica prepares for floatation with Ã29m profit
Transelectrica national electricity transmission company concluded last year with 36% higher net income in euros, but did not manage to top the profit posted in 2003. The company is going to...
Real prepares to expand
Real Hypermarket Romania, the company operating Real hypermarkets on the local market, increased its share capital by 20 million euros, according to the Official Gazette. The company announc...