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What voluntary private pension managers have to report
Managers of voluntary private pensions (third pillar) have to inform their clients every time they change the investment policy for the funds they manage, according to the regulation on repo...
BT takes indebtedness cap to 70%
Banca Transilvania will start to grant loans under its new regulations by mid next month, after recently receiving approval from the NBR. "The indebtedness level will increase from 45% to 70...
Mazda expects to sell 250 units of CX-7
Mazda Europe, the domestic importer of the Japanese brand, estimates to sell 250 units of the CX-7 model by the end of next year, with the VAT-inclusive price for this model starting from 30...
Santal brings 8m euros to Parmalat producer
Parmalat Romania, producer of Santal soft drinks, posted sales worth over 8 million euros in the first six months of the year, up 50% against the first half of 2006. "The hot summer had a ma...
Varujan Vosganian: Nokia will also bring other investors to Cluj
The government is expected to allocate 15 million RON (4.8 million euros), in its meeting on Wednesday, for infrastructure and utility works for Industrial Park Tetarom III in Jucu, Cluj cou...
Rothschild to sell Asiban
European investment bank Rothschild, which is working as a consultant for Erste Bank in the acquisition process of the BCR, has been authorised to handle the sale of insurance company Asiban...
Primola set to counter seasonal nature of sales
Cristian Stancu, marketing manager of Supreme Chocolat believes that a focus on modern retail and the launch of new products in summer will help curb sales fluctuations generated by the hot...
Bonus-malus system to be enforced on January 1, 2008
The bonus-malus system for the auto liability policies (RCA), which takes into account all the car accidents involving the holder of a policy, will be introduced on January 1st, 2008, in add...
TRW to invest 4.6m euros in westward expansion
TRW Automotive Safety Systems, a subsidiary of the American group TRW Automotive, which, among other things, produces integrated steering systems, suspension systems, airbags and seat belts,...