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Voluntary pension yields: -22.6 to 6.6% in 2007
The 7 voluntary private pension funds (pillar III) on the market last year registered yields of between minus 22.6% and plus 6.6%, with the first contributions collected in June. The yields...
Over 1ha land plot supply in Bucharest about to dry up
The programme that entails the elimination of plants located within Bucharest is coming to a close. Republica, Titan Mar and Timpuri Noi are among the last "redoubts" in the way of real esta...
Gelu Tofan seeks solutions to revive Danubiana
Businessman Gheorghe Tofan, who manages Tofan group and Danubiana, one of the leading tyre producers in Romania, says he is trying to attract an American investment fund as a shareholder, af...
NBR raises interest rate by 0.5% to 8% a year
NBR has taken one more step towards making lending in RON more expensive, when it upped the key rate by 0.5%, to 8% a year yesterday. Analysts believe that sooner or later customers will fee...
KazMunaiGaz intends to invest over 500m dollars in Rompetrol
Kazakh state-owned company KazMunaiGaz, which became the majority shareholder of petroleum group Rompetrol after it acquired an over a 75% stake, intends to invest 500 million dollars (330 m...
Car leasing to be outranked by equipment leasing
The growth rate of car leasing is expected to slow down within the next three years, with equipment financing to begin to gradually dominate the market, according to Septimiu Postelnicu, exe...
Millennium Bank to grow more on corporate side
Millennium Bank, the domestic unit of the Portuguese bank that competed in the race for BCR in 2005, is relying on corporate customers and small firms in terms of turnover growth this year....
Nivea brings Beiersdorf business to over 40m euros
Beiersdorf, which sells the Nivea brand, expects to maintain last year's 20% growth rate in 2008, which would bring the group's business to 43 million euros, against last year's estimated 36...
Dacia: used car imports to slow market growth
Automobile Dacia deputy chairman, Constantin Stroe, considers the Romanian market will grow at a slower pace in 2008 as a result of used car imports and market saturation. "For 2008, I will...