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Pension draft reaches Parliament
Banks and insurers, but also financial service companies or investment management companies, which are yet to be established, all of them will be allowed to manage the first private pension...
Inflation in the first eight months reaches 7.3%
The inflationary rate progressed only 0.3 percentage points in August, so that the annualised rate was 14.2% compared with August last year. This trend was due to the drop in foodstuffs pric...
Card market reaches 4,5 million units
The Romanian market of electronic payment instruments reached 4.5 million cards at the end of July, according to the reports filed with the National Bank of Romania (NBR). In July, banks iss...
Metro reaches consolidation stage
After having opened four stores a year over the past two years, Romania's most developed trade network Metro Cash&Carry is now determined to change its strategy: 2003 investments will favour...
Bucharest administration conflict reaches PSD
PSD (Social Democrat Party) Bucharest organisation leader Dan Ioan Popescu yesterday accused the party's general secretary Cozmin Gusa of having "fuelled and favoured" the conflict between t...