Reporter
Catalina Apostoiu
- Fields
- Companies, Retail&Consumer, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 1.264
Alro And ArcelorMittal Sacked Off 21,000 Staff Since Privatization
ArcelorMittal Galati and Alro slashed their headcount by 74% and 33%, respectively, since privatization until 2013, with over 21,000 people losing their jobs. However, they are set to benefi...
International Chains Eye Rural Areas- The Last Bulwark Of Traditional Retail
International retailers have started tapping rural areas, small domestic entrepreneurs’ “last bulwark” in recent years, and stores’ wider product range and lower prices are helping modern re...
Electrica Plans Investments Of EUR1.4B By 2018
Electrica, a company which is now selling 51% of its share in the largest ever public offering on the Bucharest stock exchange, aims to invest 6.27 billion lei (EUR1.4 billion) by 2018 in en...
Romanian State Piles Up EUR200M Debt For Wind And Solar Projects
The Romanian state is already owing almost EUR200 million to renewable energy investors, representing the value of green certificates investors should have received between July 2013 and Apr...
Developers Build Offices For 20,000 People, But Number Of Bucharest Employees Down
New office spaces with an area of around 130,000 square meters have been completed in Bucharest over the past six months, with almost half of these being vacant, and developers have new proj...
Brokers Sell More Insurance Policies, But At Lower Fees
Fee income cashed in by brokers from insurance companies rose by 7.5% in the first quarter of this year, half the pace registered in the same period of last year, while the value of brokered...
Italy’s Maschio Gaspardo Gets EUR4.7M From Romanian State To Expand Plant
Italian-held Maschio Gaspardo, the largest producer of farm machinery in Romania, is to get state aid worth EUR4.7 million, representing 49% of the value of investments at its plant of Chisi...
Romanian Private Clinics Go Into Niches
The future of private healthcare in Romania will be specialization on niches, where founding physicians will leave business management to the management team and the business will be built o...
Parc Hotels Invests EUR4M In Wellness Club
The hotel complex formed by Ramada Plaza and Ramada Parc, part of Parc Hotels group, completed investments of almost EUR4 million in an over 3,000-sqm wellness club in northern Bucharest.
Romanian Insurers Boost Sales Of Policies in Foreign Markets
Romanian insurance companies sold policies worth 112 million lei (EUR25 million) on foreign markets in the first three months of 2014, up 25% from the same period of last year, according to...
7Days Producer Goes Beyond RON300M In Revenue
Chipita Romania, the producer of sweets brand 7Days, ended 2013 with revenue of RON302 million (EUR68 million), up 13% on the year, according to ZF calculations based on public data.
Colgate-Palmolive's Productivity Tripled In Romania
Each of the 79 employees US giant Colgate-Palmolive has in Romania contributed 3 million lei (EUR670,000) to the company’s revenue. Thus, the company saw its productivity triple during the c...