Business in Romania blog: Doing business in Romania and business issues

The business in Romania blog writes about the Romanian business landscape, doing business in Romania, investing in Romania business and debating on business issues in Romania. Check this Blog's Policy here.

Sunday, December 19, 2004

ROMANIA: Half of All Insurance Companies to Disappear

Source: www.seeurope.net

Half of all the insurance companies active in Romania will disappear from the market before 2007, after a series of mergers and takeovers, said yesterday Dan Odobescu, general manager at Unita Group Wiener Stadtische.

According to Odobescu, after 2007, the top five insurance companies will control 80% of the market. "Many small companies will disappear, but it is still possible for a multi-national company to become active on the market. A market concentration is to be expected”, says Odobescu.

Read full article at:
http://www.seeurope.net/en/Story.php?StoryID=54165&LangID=1

Posted by Mircea : 12/19/2004 11:33:00 pm

ROMANIA: Half of All Insurance Companies to Disappear

Home