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Marfin: The banks' advantage is their customer base
The advantage of banks that have launched mandatory private pensions (the 2nd pillar) is their customer base, which they can have rapid access to, stated Christodoulos Ellinopoulos, general...
3 million employees will keep their eyes on the stock market from Monday
The number of Romanians investing on the Bucharest Stock Exchange both directly and indirectly is expected to increase by around 3 million after the four-month mandatory pension campaign end...
Brewers see their profits go up
The subsidiaries of multinationals operating in the beer industry, Ursus, Heineken, InBev and URBB, last year generated cumulated net income worth 100m euros, 140% higher than the level reac...
Germans at PCC set their sights on Oltchim
German group PCC, which operates in the chemical industry, has acquired stakes on the Stock Exchange accounting for almost 2% of the Ramnicu Valcea-based chemical plant Oltchim, according to...
How insurance companies invest their money
Insurance companies on the domestic market put the bulk of their money into current accounts and bank deposits, so as to have cash readily available to settle potential claims, according to...
Investments take their toll on bank profits
The top ten players in the banking system made an almost 600 million-euro net profit together in 2006, yet the growth was slower than in the previous years. Four leading banks even posted lo...
Petrom employees could make over 500m euros from their 8% stake
Around 60,000 people, who have been Petrom employees since August 2003 until now, could share an over 500 million-euro profit from an 8% stake in Petrom they will receive from the state. The...
Americans put their own people at the helm of Pepsi in Romania
American company Pepsi Americas, which last year took over total control of Quadrant Amroq-Beverages (QAB) bottler, appointed Mike Holmes, a manager from the Pepsi Americas team, as the head...
Individual customers free to negotiate higher credits with their bankers
The individuals with above average income will be able to negotiate with the banks the possibility to obtain higher credits than the current ones, given that the restrictions regarding the d...