AXA capitalizes its Romanian subsidiary by over RON 90 mln before sale


French company AXA injected over RON 90 million its Romanian subsidiary, an operation approved by shareholders before closing the sale to BCR Life and Omniasig, subsidiaries of the Austrian group Vienna Insurance Group (VIG), according to Out of the total, RON 61.74 million represent the nominal value of the newly issued shares during the […]

The post AXA capitalizes its Romanian subsidiary by over RON 90 mln before sale appeared first on Business Review.

Read Full Article On
President Rumen Radev was received by Pope Francis, as traditionally each year the head of the Roman Catholic Church gives audience to Bulgarian representatives due to the Day of Slavonic Alphabet and
Amazon opens bookstore in New York
THE governor of the central bank said that the Cypriot banks have made insufficient progress in reducing non-performing loans adding that the supervisor is working on proposals to render the existing
National Grid says nearly a quarter of all electricity generation came from solar power at one point on Friday.
Statistics of the Central Bank shows that in the end of March 2017 Bulgaria’s external debt was at its lowest since 2009, reaching its lowest level over the past decade as GDP ratio, announced  BNR. I
Business Review will present each week the articles that got most views online. Here are the pieces that got most traction this week. Second new Boeing airplane to enter Tarom’s fleet next week, says
Romanian controversial ex-MP and businessman Sebastian Ghita was set to leave on Friday a Belgrade jail after his lawyers paid a bail of EUR 200,000 bail. Ghita has two preventive arrest warrants in R
The downgrade of the ratings of the International Bank of Azerbaijan (IBA) from Fitch and Moody's was quite expected, said IBA Board Chairman Khalid Ahadov.
Official exchange rate of Azerbaijan’s national currency, the manat, against the US dollar was set at 1.7020 AZN/USD for May 30, the Central Bank of Azerbaijan (CBA) said May 26.
The Parliament has approved the resignation of its member Kiril Dobrev, Bulgarian Socialist Party (BSP), FOCUS News Agency reported. The resignation was approved with 182 votes in favour, 2 against an
The US economy grew at a faster pace than initially thought in the first three months of the year.
The Azerbaijani trading house opened in Belarusian capital Minsk on May 26.
Central Bank of Cyprus Governor Chrystalla Georghadji said the supervisory authority was compelled to take action against FBME in July 2014 in order to protect the Cypriot banking system, and indirec
Bulgarian authorities have detained six people, including two border police officers, in an operation against illegal migration at the Sofia airport last night. Two others are foreigners who organised
Oil company Black Sea Oil & Gas aims to start the gas production in the Black Sea in 2019, according to Reuters. „We hope that the first gas quantities to be extracted in 2019,” said on Wednesday
The development of the urban area in Romania is one of the topics of interest for the French investment community. Thus, the French Chamber of Commerce, Industry and Agriculture in Romania (CCIFER), h
World Economic Forum says the looming pensions crisis is the financial equivalent of climate change.
Irish livestock has among the lowest antibiotics use in the EU, veterinarian Fergal Morris told the MSD Animal Health conference in Dublin.
A new accord by the Organization of the Petroleum Exporting Countries (Opec) to extend its curb on output has not yet had its desired effect of driving up prices but the effect of earlier cuts may be
In a couple of weeks, the new leader of Fine Gael will be in situ and presumably will become the next Taoiseach, at least for a short period of time.
Shares in Dublin-based agri-services group Origin Enterprises dipped yesterday after it said sterling’s weakness versus the euro impacted on its seasonally important third quarter revenues.
Lenovo’s quarterly profit has fallen less than expected after the global personal computer market eked out growth for the first time since 2012.
Online shopping deliveries from the UK will be subject to the same costs as a package from the US or Asia following Brexit, the chairman of the Revenue board, Niall Cody, has said.
Irish fruit distribution company Total Produce has raised its earnings outlook for 2017 after seeing a continuation of its strong trading performance in the first four months of the year.
Former Ford Motor chief Mark Fields, who led the company as it lost almost $25bn (€22.3bn) in market value, could walk away with payouts worth about $57.5m.
There is not enough social housing to allow for “widespread repossessions” and the new mortgage-to-rent scheme offers the best way of tackling the huge backlog in mortgage arrears, Davy St
Tourism in the Republic has been hit by the Brexit slump in sterling which has reduced spending from the North and cut visitor numbers crossing the Irish Sea from Britain, an official survey suggests.
Iran invites domestic and foreign investors to a series of oil field development projects that the country is going to start in the near future
Eric Stab, the CEO of Engie Romania and president of the Foreign Investors Council (FIC), tells in an interview that Romania has the potential to become one of the largest economies
The city where second-hand clothing from the West is sent to be processed and reversioned for the African market.

Recent News

The Latest: Manchester chief notes rise in hate crimes

MANCHESTER, England - The Latest on the concert bombing in England (all times local): 5:10 p.m. The police chief in Manchester says there has been an increase in reported hate crimes since ...
Read Full Story

KISS concert in Manchester cancelled after terrorist attacks

MANCHESTER, England - KISS has cancelled its show at the arena where deadly terrorist attacks occurred at an Ariana Grande concert in Manchester, England, earlier this week. Live Nation announced Fri
Read Full Story

While you're shopping, Google is sharing

SAN FRANCISCO — Google will begin using data from billions of credit and debit card transactions — including card numbers, purchase amounts and time stamps — to solve the advertising
Read Full Story

Flyover of the Little Caesars Arena neighborhood

The Ilitch family announced on May 26 that they will be renovating six buildings around the new arena in Detroit, with the intention of offering 700 new apartment units.        
Read Full Story

WATCH: Wellesley grads erupt in cheers when Hillary Clinton cites Nixon’s impeachment to bash Trump

Hillary Clinton surfaced at her alma mater of Wellesley College on Friday to deliver a commencement address that drew enthusiastic applause for its not-so-subtle digs at President Donald Trump. Toward
Read Full Story

US-led strike kills scores of family members of Islamic State fighters in Syria

Dozens of relatives of Islamic State fighters were killed on Friday in new US-led strikes on Syria, just hours after the UN urged nations striking the jihadists to protect civilians. Bombing raids by
Read Full Story

Portugal's Income Tax Surcharge to be abolished in January 2018

Portugal's Finance Minister, Mário Centeno, said as from January next year, the income tax surcharge will be abolished. In an interview on RTP3, the minister, recently dubbed the Ronaldo of Finance,
Read Full Story

Growth Trend Partners talks main factors of IT risk management in Azerbaijan

The level of IT risk management in Azerbaijani banks and companies is not at high enough
Read Full Story

Land plot prices decrease in Baku

The prices on land plots decreased in Baku in April, Nusrat Ibrahimov, director general of the MBA Group consulting company, real estate expert, told Trend May 26.
Read Full Story

Ilham Aliyev: Efforts to prevent TAP are based on large amount of money

Groups are organized, ecological issues are raised as pretexts to prevent the TAP, said President of the Republic of Azerbaijan Ilham Aliyev addressing an official reception on the occasion of the nat
Read Full Story

Romania’s Carol Davila University invites Azerbaijani students

Romania’s education is very popular in Europe, Pitura Silviu, the representative of Romania’s Carol Davila University of Medicine and Pharmacy, told Trend May 26.
Read Full Story

South Carolina man who chained woman in shipping container pleads guilty to killing 7

A South Carolina man who admitted killing seven people over nearly 13 years while running a successful real estate business pleaded guilty Friday to
Read Full Story