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Domo to spin off logistics after IT&C and consumer finance
Lorand Szarvadi, general manager of the second biggest home appliances retailer on the domestic market, has established the strategic target of focusing on the company''s core business - ret...
AIG Life aims to sell 50,000 policies
Insurance company AIG Life announced on Thursday that it plans on selling 40,000 - 50,000 policies this year. The company currently has about 250,000 customers, 220,000 of whom are individua...
Finansbank to double assets
Finansbank is going to double its territorial network this year, and this should ensure a similar dynamics for assets, says Tamer Ozatakul, chairman of the bank. At the end of 2005, Finansba...
Rompetrol''s turnover up 45% to $2.3bn
Rompetrol Group posted 2.34 billion dollar turnover in 2005, an increase of 45% on the previous year, while the operating profit progressed by 62% to 164m dollars, a company release shows. R...
Erste considers negotiations with SIFs to buy their stake in BCR
Erste Bank, the future majority shareholder of Banca Comerciala Romana, is considering negotiating with the five SIFs over a price to buy their about 30% stake in the bank, Andreas Treichl,...
To tu or not to tu
For those of us who come from a country whose language doesn''t have the polite ''you'' form, figuring out when to use the familiar form of you - tu, or when to use the respectful form - dum...
Investors take loans to trade stocks
The significant growth of the shares on the Stock Exchange has made some investors turn to the special loans, granted by banks that also own a brokerage company, in order to fund their acqui...
No changes to the Fiscal Code
The modified fiscal code will probably come into force on January 1, 2007, six months after being passed in Parliament, Finance Minister Sebastian Vladescu, stated on Tuesday. As a matter of...
Generali moves house to BCC
The insurance company Generali Romania is moving its headquarters to Bucharest Corporate Center, a 13-storey class A office building close to Piata Victoriei, where it will rent five levels....