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Voluntary pensions rely on T-bills and banking deposits
Sums placed in listed shares are quite low, while voluntary pension funds prefer investments in T-bills and bank deposits. OTP Strateg, for instance, placed all of its customers' money in banks. Voluntary pension funds (tier III) invest the largest part of con...
Large energy generators rely on 1.2bn-euro revenues
State-run Nuclearelectrica, Hidroelectrica and Termoelectrica, three of the largest energy generating companies on the local market, estimate revenues worth 4.3 billion RON (1.2 billion euro...
Piraeus: We rely on cross-selling and effectiveness
In order to sustain its growth, Greek-held Piraeus Bank relies on cross selling, which includes sales between its various subsidiaries. "Last year, marketing and innovative products were the...
Private hospitals rely on wage raises
Private hospitals have attracted investments worth more than 20 million euros over the last two years, however this sum could exceed 50 million euros by 2009, when projects carried out by ne...
Remedio drugstores rely on aggressive expansion
Drugstore network Remedio, a part of the Montero group of firms, intends to operate 300 drugstores by 2009 (an increase from the current 58) by acquiring smaller chains and opening stores wi...
Friesland to rely on products with higher added value
Gerbrant de Boer, general manager of Friesland Foods, the producer of the Mili and Napolact brands, has explained the company's decision to increase the sale of products with a higher added...
OTP Bank to rely on alternative channels for 50% of sales
Bankers have started to study more closely the possibility of distributing products through alternative channels as the rising prices of commercial space and the increase in salaries are dri...
Euromall does not rely on rents alone
Part of the retailers of Euromall shopping centres will give between 7% and 10% of generated revenues to the owners, while the rest of companies will pay a rent per square metre, the most wi...
Austrians rely on rapid growth of retail lending
Retail lending, which accounted for 12.1% of the GDP at the end of 2006, will see a faster growth rate than the overall non-governmental lending within the next three years. Its growth drive...