Expenses 
Larger expenses
The analysts say that for the current year the budgets allocated by users for online holiday shopping are with at least 15% higher against last year, due to the fact that the sums are being transferred from the traditional shops. However the growth is reduced, because on last year there were recorded larger expenses with 54% more against 2006. Realized by IMGR and Capgemini, the study shows that the traditional retailers will face serious problems. citeste mai mult
War of those 1,3 billion lei allocated to the local authorities
Last month the government has allocated 1,3 billion lei from the budgetary reserve fund for current and capital expenditures, to over 2000 mayoralties. The mayoralties managed by PSD and liberals have received the largest sum of money, PDL accusing the Government that the budgetary allocation was made on political criteria. On the other hand, PSD says that PD acted the same. According to a decision of the Executive from September 24, 1.100 mayoralties directed by the social-democrats have re-ceived from the Government 540,6 million lei, plus 19,9 million lei, for the mayoralties of the sectors 2 and 5 of the Capital City, otherwise being the only ones that have received money. In the same time, 685 mayoralties owned by liberals have obtained 357,9 million lei, while for 319 localities with PDL mayors were allocated 115,9 million lei. Other sums of money were granted to the UDMR mayors - 93,2 million lei for 179 mayoralties, PNG - 4,6 million lei, PRM - 2,9 million lei and PC -... citeste mai mult
AIG Life doubled its profit
The company AIG Life Asigurari Romania ended the first semester of 2008 with businesses over 140 million lei in increase with 51% against 2007, the same period. In euro the volume of subscribed gross premiums increased to 38 million, in increase with 37%. The reported gross profit is of 24 million lei (7 million euro), representing the double of the recorded value in 2007, the same period. “The company touched the maturity level which allowed us to diversify the distribution methods, in the same time focusing on professionalizing the network of own consultants. Our plan was followed by letter also in what concerns the financial parameters of performance: incomes, expenses assets and profit”, Theodor Alexandrescu, general director of AIG Life explains. The life insurances market has also developed as a result of implementing the Second Pillar of private administrated compulsory pensions. This important factor has determined the Romanians to become aware of the... citeste mai mult
