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Omnicom Media Group consolidates with two new divisions
Omnicom Media Group (OMG), the media division of the Omnicom Group, has opened the Media Digital and Fuse divisions on the Romanian market after it relaunched the most important OMG brand ea...
Loans that start with a low interest are deceiving
The fashion of interest rates that remain fixed for a year at the most for housing loans has led to a wave of refinancing. "When the client enters the second year of the contract and sees th...
Three foreign banks capitalise branches with 180m euros
Three second tier banks - Banca Romaneasca, Credit Europe Bank and Millennium Bank, received capital injections from their shareholders in the first half of the year that equalled 180 millio...
Carrefour speeds up expansion with 7 hypermarkets a year
Carrefour is expanding its hypermarket network in Romania by 7 stores a year and expects to reach around 40 stores by 2012, according to a report released by Hyparlo, a division of the Frenc...
BRD becomes more selective with lending to SMEs
BRD-SocGen, the second largest player in the banking system in terms of assets, will continue network expansion, but with a more selective policy and feels the need to slow down lending for...
Brandient in talks with international partner
Aneta Bogdan, managing partner of Brandient, the leading branding agency on the local market, says the company is in negotiations with an international strategic partner to sell a stake. How...
ABN Amro: We are working on rebranding process with RBS
ABN Amro Romania is undergoing a rebranding process, after last autumn, the Dutch group that the bank is a part of, was taken over by a consortium consisting of the Royal Bank of Scotland (R...
Meggle gives up partnership with Lactag producer
German group Meggle, one of the leading dairy producers in Europe, will cease to produce fresh dairy products at Lactag's plant in Arges county as of this month, amid strategy changes for th...
Dominic Bruynseels has until December to come up with BCR strategy
British businessman Dominic Bruynseels effectively took over the duties of chief executive at BCR yesterday, after having travelled extensively throughout the country with Manfred Wimmer in...