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BCR hopes to double current account sales
Banca Commerciala Romana (Romanian Commercial Bank - BCR) estimates it will soon sell 2,000 current account packages per day, i.e. double the current level, according to Martin Skopek, retai...
Ford has to pay 27 million euros on top of the 57 million euros agreed for Automobile Craiova
The price Ford will pay to the state for the stake in Automobile Craiova remains unchanged at 57 million euros - the sum decided on after privatisation negotiations, Nadia Crisan, Ford Europ...
BNP Paribas's operational leasing division delivers 780 vehicles to Enel Romania
Arval Romania, the local subsidiary of Arval, the operational leasing division of the banking group BNP Paribas, will supply Enel Romania with a 780-vehicle fleet. Arval is present in 39 cou...
KBC invests 10m euros to enter consumer credits market
Belgian group KBC invested 10 million euros to launch activities on the local consumer credit market through KBC Consumer Finance, a company created at the end of last year, a report publish...
Lazea, NBR: Romanians could eat less to reduce foreign deficit
In hindsight, Romanians should have eaten less imported food and bought fewer imported cars - the two major culprits of last year's trade deficit, believes Valentin Lazea (photo), chief econ...
Hercesa to focus on residential sector
Spanish-based real estate developer Hercesa, which has been present on the local market since 2004, is involved in several residential projects in Bucharest, along with the rehabilitation of...
Small clothing manufacturers turn to local market
The increased competition from Asian manufacturers and the opportunities offered by the development of modern retail is encouraging small clothing manufacturers to turn to the local market,...
Voluntary pension funds start to diversify investments
Voluntary private pension funds (pillar III) have started to diversify their portfolios, purchasing government bonds, fund units in mutual funds and even shyly buying shares listed on the st...
BRD set to enter life insurance segment
BRD-SocGen group is preparing to create a new unit - BRD Asigurari de Viata, which, according to the organised schedule, will start its operations in August, Damien Marechal, country manager...