Money processing boosts turnover

Entered on the security service market a year ago, Group 4 Falck (Denmark), one of the world’s leading players in this industry, is expanding its money-processing operations on the Romanian market. It started this business, previously National Bank of Romania’s (NBR) monopoly, two months ago. “We have already set the locations for another seven territorial centres, which will open for business on August 1. It is about Bacau, Iasi, Brasov, Deva, Baia Mare, where we will operate in spaces rented from NBR and about Constanta and R=mnicu V=lcea, where we may build new facilities. The total investment is estimated to some 4 million euros. Money-processing will boost our turnover from $7 million as initially anticipated to $9 million this year,” Liviu T=rsea, country manager Group 4 Falck Romania, the local branch of the Danish group, told Ziarul Financiar. The first private money-processing centre in Romania entailed a $5.5 million investment and capitalised on a tremendous opportunity, because the law does not prohibit private players to engage in money-processing operations, Group 4 Falck officials say. ZF