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Economic growth could reach a record 10% in third quarter
The third quarter could see record economic growth for Romania - 10% or even higher, based on a peak contribution from the agricultural sector, which means GDP growth could come close to 9% at the end of the year, according to analysts estimates. Romania has n...
Third retail park in Pitesti opens next week
Jupiter Group, controlled by a British investor, will inaugurate the Jupiter City shopping centre in Pitesti next week, which will include Praktiker, Mobexpert, Carrefour, Media Galaxy store...
One third of voluntary pension clients are aged above 45
One third of contributors to a voluntary pensions fund (3rd pillar) are aged above 45, according to the annual report of the Private Pensions Supervisory Commission (CSSPP). Almost half of t...
Agras business down one third, to 4 million euros
Agras Vienna Insurance Group underwrote gross premiums worth 13.18 million RON (around 4 million euros) in 2007, down 39% on the previous year, while gross profit went up 11 times and reache...
Groupama, third on insurance market in 5 months
In just five months, the French firm bought three insurers for almost half a billion euros, with Groupama's name, almost unknown until late last year, now being frequently mentioned. Groupam...
One third of mandatory pension clients are over 35 years old
Around 34% of the 4,156,316 clients that joined a private pension fund (pillar II) are between 35 and 45 years of age, which means they joined the system even though they were not obliged to...
Pepsi Americas starts construction on third Romanian factory
Pepsi Americas, the domestic bottler of PepsiCo products, has started building a third factory in Romania in order to boost production capacities, with investments scheduled to last until 20...
E&Y: Romania has third highest social security contributions in EU
Romania has the third most burdensome social contribution costs in the EU, due to an increase of the calculation base for social securities, according to audit and consultancy firm Ernst & Y...
Bunge closes its third plant
Bunge, the leader of the domestic vegetable oil market, which derives annual turnover in excess of 150 million euros, is set to close its Unirea Iasi plant, and lay off 300 employees, after...