RCS&RDS and Astra, two Romanian-held companies in telecomand financial services respectively, have announced they areexpanding their operations to Western European markets, Italy andHungary, which is rare for local entrepreneurs.
Telecom operator RCS&RDS, one of the pioneers of Romanianinvestments abroad, also made the first steps abroad in Hungary,back in 1998, when the company bought the first cable networks.Now, the company held by Oradea-based Zoltan Teszari is presentwith telecom services in another six European countries, the latestof which being Italy, where over one million Romanians work. In2008 RCS also launched mobile telephony services in Spain, whichalso accommodates a big Romanian community of around 800,000people, according to official data.
Astra, the biggest insurance company on the Romanian market,held by businessman Dan Adamescu, will open the first foreignbranch of a Romanian insurance company in November in Hungary,having received the necessary licence this week. To begin with, thebranch will issue motor insurance and home insurance policies, andlater expand onto other segments, such as medical and aviationinsurance. In a first stage, Astra will also sell insuranceproducts through brokers and online in Hungary.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
