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Banks invent or raise fees to cover loan interest drop
Small loan interests are more and more often offset by management fees, which are levied on a monthly basis as a percentage of the account, thus lifting real loan costs. Only 3 of the 15 ban...
Private medical services market set to advance by 15%
The market of private medical services, put at some 200 million euros, will see a more than 15% increase this year amid the rising medium incomes of the population, which is moving away from...
Lekkerland: distribution in modern retail to top 15%
German company Lekkerland, which took over Macromex's division specialising in distribution through the convenience store channel in late 2005, has recently expanded onto two channels of mod...
Pro Confort Group to take out 7m-euro credit
Real estate group, Pro Confort, controlled by Negoita brothers, will take out a 7 million-euro loan from Finansbank to fund the business of Pro Hotels. One of Pro Confort's biggest projects...
EFG Retail Service stagnates due to dwindling home appliance sales
EFG Retail Service, the credit company owned by financial group EFG Eurobank and Bancpost granted funding worth 70 million euros last year and estimates the same level for 2007, as well. "Th...
Bill Gates to visit Bucharest
William Henry Gates III, chairman and founder of the world's largest software producer Microsoft will visit Romania for the first time in early February, company officials have confirmed. Th...
Vinarte doubles share capital to 2.34m euros
Winemaker Vinarte has increased its share capital by 1.23 million euros from 1.1 million euros, according to a notification published by the company in the Official Gazette. Following this m...
BT and Aegon to invest 5m euros in private pensions company
Banca Transilvania and Dutch life insurance company Aegon will invest five million euros in a company that manages mandatory private funds (The 2nd Pillar), which will start its activity in...
Eximtur set to launch weekend travel packages
Eximtur, one of the main tour operators domestically, last year saw its revenues from domestic travel packages shrink by 28%, to around 24% of overall turnover. "We will try to offset the lo...