BROKER
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Major Stock Sales Get Top Brokers RON90M Fees In Jan-July
The brokers that handled the biggest transactions on the Bucharest Stock Exchange this year made almost 90 million lei (about EUR20 million) in fees, ZF has calculated. The money went to Swi...
Insurance Brokerage Brings Good Profits
Insurance brokers posted an aggregated net profit of 114 million lei (EUR26 million) last year, and the margins of the 15 largest of them ranged from as low as 3% to as much as 75% of the to...
Large Insurers In Romania Sacked 1,500 Staff In 2013
The seven largest insurers in Romania cut the number of employees by 15% last year, keeping only 9,000, which shows the restructuring process has picked up speed after five years of signific...
JP Morgan, Citi, Goldman Sachs, Deutsche Looking To Broker Hidroelectrica IPO – Sources
JP Morgan, Citigroup, Goldman Sachs and Morgan Stanley, as well as Deutsche Bank, are interested in assisting with the sale of a 15% stake in Romanian state-run power producer Hidroelectrica...
Romania Selects Team That Will Sell Stake In Romtelecom
A consortium led by Swiss Capital – the largest brokerage on the Romanian market – will be the state’s consultant in the sale of the 46% stake in major telecom operator Romtelecom, according...
Gras Savoye Romania Has New General Manager
The Romanian unit of Gras Savoye, one of the world’s largest insurance brokers, has appointed Anca Roscaneanu as general manager.
ASF Withdrew Licenses Of 21 Insurance Brokers In January-August
Romania’s Financial Supervisory Authority, or ASF, withdrew, temporarily or permanently, the licenses of 21 insurance brokers in the first eight months of the year mainly because they breach...
Raiffeisen Capital&Investment Ranks First Among Bucharest Brokers In July
Raiffeisen Capital&Investment was ranked first in July among Bucharest bourse brokers, after it brokered a bond deal through which Raiffeisen Bank Romania raised 225 million lei (EUR51 milli...
No Broker Wants To Advise On Traian Vuia Airport Public Offering
No brokerage firm was interested to help the Romanian Transport Ministry sell 5% in the Traian Vuia Airport in the western city of Timisoara.