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Millennium banks on distribution mix to grab market share
Almost two years after losing the race for the acquisition of the biggest banking business in Romania, BCR, Portuguese Millennium Bcp group is now trying to gain a share of the 60 billion-eu...
Hungastro takeover drives Accor market share to 46%
Accor Services, the biggest issuer of luncheon vouchers in Romania, estimates it now has 1,500,000 customers and 46% market share after taking over Hungastro, in a deal approved by the Compe...
Danila: Banks are risking too much for market share
Banks are starting to take on increasingly higher risks in the race for a bigger market share, with unguaranteed consumer credits potentially becoming the main weak spot, says Nicolae Danila...
Banatim could operate 1.4m-euro share capital increase
Footwear manufacturer Banatim in Timisoara could increase its share capital by 4.5 million RON (1.4 million euros), to 5.7 million RON (1.8 million euros), if shareholders subscribe all the...
Rompetrol Gas to double LPG market share in 5 years
Rompetrol Gas, the liquefied petroleum gas (LPG) division of the petroleum group Rompetrol, intends to become one of the market's leaders by tripling its presence on the autogas market and t...
BCR employees are Erste's top share buyers
Employees of the Romanian Commercial Bank subscribed to around 30% of the shares sold by Erste Bank to the group's employees as part of this year's programme to ensure staff loyalty, accordi...
Private pension funds could trigger artificial increases in share prices
Private pension funds, which will be able to invest up to 25% of contributors' capital on the Romanian stock exchange, could increase the value of shares to unsustainable levels. Management...
Estima Finance and Motoractive share manager
The executive management of Estima Finance, a consumer finance company acquired by the American giant GE Money at the end of 2006, was taken over at the beginning of the month by Stefan Coro...
Wrigley boosts candy market share to 38%
Wrigley, Orbit chewing gum producer, saw its sales advance by 30% in the first quarter of this year against the similar period of 2006, as a result of candy and chewing gum launches. Wrigley...