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Competition between dealers of the same car brand?
The general manager of Renault Nissan Romania foresees tighter competition on the domestic car market amid a market decline after the boom seen in recent years. "The question I''m asking mys...
Amazon engages in recruitment campaign on the Romanian market
US-based Amazon, the operator of the largest on-line shopping portal, has rented 2 floors in an office project in Bucharest, real estate market sources say. The office space, which covers mo...
Banks raising the stake on mutual funds market
The largest banks in the system have found a new battleground over the past twelve months: the mutual fund market. Almost every major Romanian banking group has thrown millions of euros onto...
Mutual funds go hand in hand with the stock market again in 2006
The mutual fund market will continue to grow in 2006, driven by the declining yields in the banking sector, and by the entry of new players on the market. "We expect this year''s growth to b...
Car market dilemma in 2006: spend more for the same sales
The better than estimated growth of the car market last year will show in the sales of new cars this year, which could witness a decline for the first time since 2000. The boom in the sales...
The Christmas build up
Having spent half of the last 10 days in London with the remainder back in Bucharest, it has been something of an education to compare the atmosphere in both places and how Christmas visuall...
And the winner (of BCR) is... Erste Bank!
Erste Bank offered 3.75bn euros for 61.88% in Banca Comerciala Romana (7.65 euros/share), which makes this sum the highest ever committed in a privatisation in Romania. The price was the onl...
Banks make 470 million-euro profits nine months into the year
The net profits made by commercial banks in the first nine months amount to 1.7bn RON (more than 470 million euros), the same as the profits of the banking system for the whole of 2004, acco...
Automobile Dacia speeds past the one billion-euro mark
Dacia will make more than 1.1 billion euros in turnover this year, almost five times more than at the time Renault became a shareholder in 1999. The domestic manufacturer will also break eve...