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Interests, racing to catch up with inflation
The year 2006 debuted with interest rates closer to the inflation rate, for the RON deposits: BRD pays up to two points more for saving accounts, while ING even doubles interests, from previ...
HVB brings 16.7m euros for merger with Tiriac
HVB Bank Romania last November operated a 16.7 million-euro capital increase, as part of the ongoing merger process with Banca Tiriac. "It was an operation with a precise destination, consid...
From Romania with pride
All things must come to an end, and so does my tenure in Romania - with suitcases packed fit to burst and a heavy heart I return to the US after nearly four years. This will be my last colum...
Garanta to merge with Alpha Insurance
Insurance companies Garanta and Alpha Insurance, controlled by the Greek company Ethniki Asfalistiki, will merge next year, says the general manager of Garanta, Konstantinos Argyropoulos. "T...
Dasimpex teams up with fund
Businessman Sorin Stoica, 36, one of the entrepreneurs to bet on the growth of mobile telephony, is in very advanced talks to attract an inflow of capital worth several million euros from a...
Ovidiu Buluc hopes to directly compete with EU drug distributors
The general manager of drug distributor Farmexim has downwardly revised his budget in the wake of the reduction of distributor''s mark-ups. The Romanian drug distribution market will benefit...
Flamingo in talks over alliance with Flanco
Flamingo, a company specialising in IT&C commerce may announce an alliance with home appliance chain Flanco in a matter of days. The purpose of this alliance is a merger, which would create...
Insurers unhappy with draft law
The private health insurance market is being threatened by the provisions of the draft law on voluntary health insurance, according to insurance companies. This market amounted to some 7.4 m...
Tudor Dumitru parts with 1.5% in Biofarm
Businessman Tudor Dumitru, one of the biggest Romanian investors on the capital market has sold around 1.5% in pharmaceuticals manufacturer Biofarm Bucharest, reducing his stake from 11.18%...