Reporter
Catalina Apostoiu
- Fields
- Companies, Retail&Consumer, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 1.264
Braila-based Marex Group Goes Insolvent
Marex and Vegetal Trading companies, controlled by entrepreneurs in Braila, entered insolvency proceedings at their own request amid a cash crunch. The companies’ biggest creditors include B...
Romanian Lottery's Net Profit Tripled In 2013
The Romanian Lottery Company, leader on Romania’s gambling market, registered net profit of almost EUR25 million in 2013, three times higher than in 2012, according to company data.
Romania’s Cosmetics Market Neared EUR1B In 2013
Romanians spent a little less than one billion euros on cosmetics, personal care and beauty products last year, with the largest part of the sum being earmarked for perfumes (EUR200 million)...
Domo Eyes Top Spot On Romanian Electro-IT Market
Electronics, home appliances and computer retailer Domo wants to gain the leading position on the market in the following year, according to Kim Keollner, the South-Korean executive brought...
Continental Hotels In Line With Budget After 10% Growth In 1Q
Continental Hotels, one of the biggest hotel chains in Romania, stayed in line with the forecasts in the first three months, as its revenue went up 10%, the growth pace predicted for the ent...
Arctic, Slower Revenue Growth In 2013 After EUR30M Investments
Gaesti-based electrical home appliances producer Arctic ended last year with revenue of 1.42 billion lei (EUR321.5 million), up almost 4% on the year. While revenue continued to rise, the gr...
One Third of Romanian Insurance Market Under Heavy Scrutiny
Three companies holding over 30% of the insurance market are going through rough times.
Dacia After Five Years Of Crisis
Automobile Dacia, Romania’s largest carmaker and also the country’s biggest exporter, at the end of the five years of crisis (2009-2013) reached record high revenue of EUR4.16 billion, doubl...
Banking Employees’ Salaries, One Third Higher Than Before The Crisis
Bankers are still among the best paid employees in the Romanian economy despite the restructuring drive the sector has witnessed in recent years. At the end of March, banking employees’ net...
Private Pension Funds Boost Equity Investments
Private mandatory pension funds (pillar II) held investments of 2.3 billion lei in stock of companies listed on the bourse at the end of March, double the volume posted in the same period of...
International Retailers’ “Unhealthy” Expansion Stifles Small Merchants
Entrepreneurial businesses of modern retail are set to remain under the sign of the crisis in 2014 as well, as consumption appetite is still feeble and international chains are adding severa...
NEPI Set To Reach EUR1.5B Portfolio In Less Than Two Years
In the past five years, the real estate portfolio of investment fund NEPI has swollen from less than EUR100 million to over one billion euros. South-African-born Martin Slabbert, the fund’s...