turns
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Citibank turns to natural persons
Almost seven years since its Romanian debut, US group Citibank is taking another step forward: the bank will increasingly focus on the retail market, namely on financing for natural persons....
School start turns into lucrative business for retailers, insurers try to profit, too
The beginning of the school year has proven, if necessary, that big money can be made from doing business with kids. At least this year, when the overlapping of two generations of first grad...
Prefab's bond issue turns out to be a flop
Construction supplies producer Prefab Calarasi's bond issue is the first failure of a Romanian company to sell bonds and raise cash for its operations in three years. The public bond offerin...
Finance Ministry turns to market's good will
Insurance companies, investment funds and well-off individuals are the only ones the Finance Ministry can count on for raising the $300 million in three-year bonds it needs through the new i...
Rolast profit turns into loss
Faced with the loss of foreign markets and the slight appreciation of the domestic currency against the dollar, synthetic rubber parts maker Rolast Pitesti in 2002 posted losses for the seco...
Trend turns into phenomenon: PET bottled beer
When it was first launched on the market several years ago, few thought it would ever make it. The low purchasing power and the practicality of the bottle, however, have turned the PET (plas...
Unirea turns into Nova Bank
After almost one year of talks and negotiations, a group of Russian investors has managed to legally take over a Romanian bank, Unirea. The Russians had its name changed to Nova Bank. The in...
Fiscal relaxation turns into bluff
The much-advertised fiscal relaxation has turned out to be a bluff. The cut in the social security contribution, the unemployment fund contribution and the medical insurance contribution and...
Demirbank turns into UniCredit
Rebranding on the Romanian banking market. After more than a year since taking over the controlling interests in Demirbank Romania, the Italians at UniCredito opted for a change in the name...