Reporter
Catalina Apostoiu
- Fields
- Companies, Retail&Consumer, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 1.264
Romania’s Biggest Money Managers Doubled Profits In 2013
Romania’s five largest money managers ended 2013 with net cumulated profits above RON34 million, mainly generated from the management of low-risk mutual funds.
Ave Impex 2013 Revenue Up 19% On Year, Due To Poultry Exports
Satu Mare-based poultry producer Ave Impex ended 2013 with revenue of EUR36 million, up 19.4% on the year, with exports, which reached one third of output, being a major growth driver.
Clever Taxi Set To Expand In The Region
Clever Tech, a company set up in 2011 by two Polytechnic University graduates, whose main asset is an application through which over 5 million taxi rides have been ordered in three years in...
BRD, Among U.S. Giant BlackRock’s Top Ten Investments
Investment fund Frontiers Investment Trust, managed by US giant BlackRock, the world’s biggest money manager, has come to invest EUR6.7 million in the shares of BRD, Romania’s second largest...
Romania’s Brewers Pin Hopes On 2014 FIFA World Cup For Growth
Beer sales declined by 6% in the first three months of this year, continuing the downward trend of 2013, according to ZF calculations based on National Statistics Institute data.
Czech-Held APS Holding, Likely To Buy 3-4 NPL Portfolios With IFC Money
The loan IFC, the World Bank’s investment arm, granted to Czech-held APS Holding for the takeover of NPLs in Romania is likely to be used by the company for the purchase of three or four por...
Romanians Use One Toothpaste Tube A Year And Change Their Toothbrush Once Every Two Years
Giants Colgate-Palmolive, Procter&Gamble and GlaxoSmithKline control around 80% of Romania’s EUR45-50 million toothpaste market. US Colgate-Palmolive is market leader in all Central and East...
Businessman Ioan Tecar Invests EUR20M To Double Output At Dej Plant
Businessman Ioan Tecar, owner of group MG-Tec, which includes 10 companies, started a EUR20 million investment from own funds and state aid of EUR10 million to acquire and install a tissue p...
Expur Increases Output Capacities With Cargill Equipment
Expur, a major player on Romania’s vegetal oil market, will complete, in autumn, the relocation of industrial equipment taken over from Cargill in early 2013 in the wake of the deal by which...
Stalling Consumption And Trade Competition Drag Selgros Revenue Down Below EUR700M
Cash&carry store chain Selgros saw its revenue drop below the EUR700 million threshold and profit shrink to less than one third of the 2008 level, to EUR12.2 million, in 2013. Alexandru Vlad...
Urgent Curier Revenue Rose 26%, Fueled By Online Sales
Romanian courier services provider Urgent Curier, controlled by Corina and Sebastian Balasescu, ended 2013 with 28% higher revenue in lei against 2012, fueled by the growth of online sales.
Romania, 9th In The EU By Poultry Output
Romania retained the third position in Central and Eastern Europe in terms of poultry output in 2013, with a 4% increase against the previous year, but production is below the peak level of...