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QBE to arrive in Romania in 2008
Australia's QBE group, one of the world's leading insurance groups, is preparing to enter the Romanian market and expects to start operating by early next year. "We've decided that the best...
Cartier brings its jewellery to Bucharest
Luxury giant Cartier is currently scouting the Romanian market, as it seeks to open a single-brand jewellery boutique in Bucharest, Tom Meggle (photo), Cartier's top man for Switzerland and...
MKB Romexterra's profit, down 16% to 3.8m euros
MKB Romexterra Bank has reported a net income worth 3.8 million euros for the first half of this year, down almost 16% in euros against the level reached during the same time last year. "The...
New destinations boost Arctic's exports by 17% to over 60m euros
Home appliances producer Arctic Gaesti, held by Arcelik group in Turkey, has increased its exports in the first half by 17% to 411,000 units, an increase of 60,000 units against the same tim...
Marsh focuses on retail, takes insurance to hypermarkets
Marsh Romania, the domestic unit of the world's leading insurance broker, plans to develop in full gear on a new market segment, that of individual clients, after having handled insurance co...
Astra-Uniqa holds on to Generali, investing a further 3.5m euros
Astra-Uniqa will contribute 3.5 million euros (11.2 million RON) to the share capital increase of Generali, an insurance company in which it owns around 16%. In total, the increase is worth...
BCR's six-month profit up 21% to 139 million euros
The Austrians at Erste, the majority shareholder of Banca Comerciala Romana (BCR) will receive around 101 million euros from this amount, as they own 69.17 percent in the bank. "BCR's first-...
Alro owner to gain $94m from London Stock Exchange floatation
Vimetco Swiss company (the former Marco Industries), the majority shareholder in Alro Slatina (ALR) aluminium producer, expects to derive gross gains worth around $94m (almost 70m euros) fro...
CEC in talks to take over Asiban
The management of the Romanian Savings Bank (CEC) has been authorised by the bank's majority shareholder, the Economy and Finance Ministry, to start negotiations for the takeover of Asiban i...