COMPETITION
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Competition Council Clears Takeover Of Credit Europe Asigurari-Reasigurari By Ergo Group
Romania’s Competition Council on Thursday said it approved the takeover of general insurance company Credit Europe Asigurari – Reasigurari S.A. by Ergo Group, one of the largest insurance pr...
Home Insurance Tariffs Kept Unchanged In 2015, Due To Fierce Competition
Insurance companies in Romania kept home insurance tariffs unchanged in 2015, due to fierce competition on this market segment, according to Ziarul Financiar.
Competition Among Malls In Bucharest Becomes Fiercer
More than 40 new stores opened in six of the largest malls in Bucharest in the fourth quarter of 2015, trying to compete over a more than EUR600 million yearly shopping budget, according to...
Chiriac, Il Passo: Market Flooded By Shops Selling Cheap Shoes
Petru Chiriac, the entrepreneur who founded footwear retailer Il Passo more than fifteen years ago, says the footwear market has been flooded by cheap product stores in the past few years, a...
Metro And Carrefour Enter Each Other’s Turf
The modern store formats trailblazers in Romania, Metro Cash&Carry and Carrefour, have branched out into new market segments in the past year in an attempt to gain market share and entered e...
UniCredit And OTP Charge Highest Current Account Fees
UniCredit Tiriac Bank charges the highest monthly current account fees in Romania, of RON7.5, followed by OTP Bank, with RON5, while Banca Transilvania and Marfin Bank don't charge customers...
Competition Council: Cement Market And Notarial Services Most Prone To Antitrust Violations
Cement production and sale, notarial services, freight and passenger transportation and the wholesale of liquefied petroleum gas (LPG) for gas-powered stoves are the markets most inclined to...
Romanian Antitrust Watchdog To Look Into Life Insurance Market And Heating Services Market
Romania's Competition Council is working on an analysis of the life insurance market and of the national heating services market, institution president Bogdan Chiritoiu said Monday.
CE Oltenia Upgraded Its Power Plants But Faces Fierce Competition From Green Energy
Romania's energy holding CE Oltenia has modernized all the thermal power plants it operate sin the southern region of the country but no longer has a market because of renewable energy and t...