Reporter
Catalina Apostoiu
- Fields
- Companies, Retail&Consumer, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 1.264
Straco Grup, Lower Revenue And Profit In 2013
Bucharest-based builder Straco Grup, controlled by brothers Alexandru and Traian Horpos, ended 2013 with revenue of 616.5 million lei (EUR140 million), down 29% from 2012.
Spa Centers, A EUR6M Business In Romania
The Romanian spa market amounts to EUR6 million and it has numbered 140,000 clients. Most spas can be found in five-star hotels, but there are also several independent spa centers.
Banks Amass RON500M Net Profit In 2 Months Despite Still Frozen Lending
The banking system posted cumulated net profit of around 500 million lei (EUR112 million) at the end of February, slightly higher than the gain for the entire 2013, though bankers complained...
Number Of Small And Middle-Sized Winemakers, On The Rise In Romania
A wine industry investment starts with at least EUR14,000, the sum needed for the reconversion of each hectare of vineyard, continues with the building of the winery, taking several million...
Prodlacta Brasov Aims At EUR20M In Revenue In 2015
Brasov-based dairy producer Prodlacta generated revenue of 25.6 million lei (EUR5.8 million) last year, around three times higher against the 2012 level. However, the dairy maker, which exit...
Baneasa Developments Posts EUR10.3M Net Profit In 2013
Baneasa Developments, through which businessmen Gabriel Popoviciu and Radu Dimofte control the retail area of Baneasa project in northern Bucharest, in 2013 generated net profit of EUR10.3 m...
Volume Of Guaranteed Deposits Fell By RON2B In 1Q/2014
Households and companies in Romania held banking deposits guaranteed through the domestic depositor insurance scheme worth the equivalent of 159 billion lei (around EUR35 billion), namely a...
BCR, Ready For Lending Revival
BCR’s retail loan portfolio in the first quarter of 2014 posted growth for the first time in three years as a rebound in consumer confidence has been felt starting the first half of the year...
Spedition UMB Posts EUR20M Profit Despite 24% Lower Revenue
Spedition UMB, one of Romania’s largest builders, controlled by businessman Dorinel Umbrarescu, reported revenue of 469.6 million lei (EUR106.2 million) in 2013, down nearly 24% on the year.
Polish Footwear Retailer CCC Challenges Leonardo's Supremacy
Leonardo, Romania’s top footwear retailer by 2012 revenue, closed down the store in AFI Palace Cotroceni shopping center, one of Romania’s major shopping poles. The space is now occupied by...
Foreign Banks’ Deposits Stable At EUR6.5B In February-March
Foreigners’ medium and long-term deposits at domestic banks, particularly forms of support from parent banks, stabilized during the February-March period at around EUR6.5 billion, signaling...
Emirates, With 688 Employees In Romania, Starts New Recruitment Phase
Emirates, headquartered in Dubai, designated as the airline of 2013, is the foreign-held airline boasting the highest number of Romanian employees, according to market data, and is now ready...