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Retail helps BT rise to No.5 on the market
An increase in retail operations over the last three years has propelled a new player, Banca Transilvania, to the fifth spot in the banking assets ranking. BT doubled its market share from 2...
Allianz-Tiriac: private pensions to top 1.1bn euros in 2010
Allianz-Tiriac, the current leader on the insurance market, is getting ready to file for a licence to manage optional private pensions (third pillar), stated Crinu Andanut, head of the compa...
Short-term debt goes up to 13.2 billion euros
The short-term foreign debt, which reflects the potentially volatile capital inflows and the export of credits in foreign currency inclusively, has increased by more than four times over the...
Centrofarm to boost weight of cosmetics in revenues
Centrofarm, which operates a network of 33 drugstores, most of which in Bucharest, will focus on opening larger outlets than the market average in the future "Centrofarm developed in the for...
Romanian Post Office to invest 60m euros in modernisation
The Romanian Post Office intends to invest 60 million euros to modernise automatic sorting centres in Bucharest and Cluj, a project for which it intends to borrow 50 million euros from the E...
Small interbank interests are not passed on to clients
Interest rates on the monetary market have remained at an all-time low for over a month, under pressure from the RON not purged by the NBR, but banks are in no hurry to pass this on to their...
Eurohypo to finance 200m-euro worth of real estate projects in first year
Eurohypo, the first bank that arrived on the Romanian market to exclusively focus on the release of solid financing for the real estate sector, plans to grant loans worth 200m euros in the f...
Meda Prod plans to boost production capacity
The Bucharest-based charcuterie producer Meda, which posted turnover worth 18 million euros in 2006, plans to complete an investment programme topping 5.4 million euros this year, for the co...
Carlsrom to triple Granini sales
Carlsrom Beverages, which halfway through last year launched Granini natural juice, estimates tripling sales this year, to 10.5 million bottles. "We want to reach at least a 5% share of the...