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-1.6% to 3.5% yields for mandatory pension fund after first month
The biggest yield after the first month of investing clients' money was recorded by ING, leader of the privately managed pensions market. Mandatory pension funds (2nd pillar) ranged from -1....
Paint and varnish market headed to 500m euros by 2011
Major foreign producers of paint and varnish have a low profile in Romania and operate only through imports, while the market posts annual increases of 15-20%. Given the consumption boom, ma...
Romanians are more indebted to banks than Americans
With bank instalments to repay that amount to 16% of their incomes, Romanians are more indebted than customers on mature markets in Western Europe and even Americans. "The debt service, whic...
Cristescu brothers' company to invest 3.5m dollars in gas field
Craiova-based Foraj Sonde, a contractor for drilling and well services and a member of the Bega group, held by the Cristescu brothers, will invest over 3.5 million dollars over the next four...
BSE to introduce a similar reporting system to one used on American SE
The Bucharest Stock Exchange (BSE) plans to introduce a reporting system similar to the EDGAR system, used on the US stock exchanges, according to Stere Farmache, chairman and CEO of the BSE...
Fan Courier: Growth stretches our resources to the max
Fan Courier delivery services provider, one of the top three players on the domestic market, derived turnover worth 16 million euros in the first five months of this year, up 50% in RON comp...
Michelin turnover up 11%, to 340m euros
Michelin Romania, which operates two tyre plants and a metallic cord production facility, posted turnover worth 340 million euros in 2007, up by around 11% against the 306.8 million euros de...
BBDO Romania's new chief executive plans to open new agencies
BBDO Romania, the second largest communication group on the local market, has gone through major management-level changes since the beginning of this year, the most important of which has be...
Will apartment prices in Bucharest continue to fall?
The prices of old apartments in Bucharest saw the first declines in the first half of the year, and the trend could continue over the next few months, amid a reluctance manifested by potenti...