Reporter
Cristina Bellu
- Fields
- Companies, Banks-Insurance, Real Estate
- Writing for ZF since
- 2021
- Articles
- 1.012
BT Leasing Transilvania IFN Hits RON149M Net Profit in 2023, Up 90% YOY
BT Leasing Transilvania IFN, the financial leasing arm of Banca Transilvania group, ended 2023 with net individual profit of RON149 million, up 90% year-on-year, amid net interest income of...
Raiffeisen Bank Romania Ends Q1/2024 with RON390M Net Profit, Down 5.7% from Q1/2023
Raiffeisen Bank Romania, the sixth largest bank by assets in Romania, ended the first quarter of 2024 with RON390 million net profit, down from RON414 million in the year-earlier period, as...
Prima Development Group Buys 6-Ha Land Plot from Immofinanz in Northern Bucharest to Build over 2,000 Apartments
Prima Development Group, a real estate developer of Oradea, signed for the acquisition of an over 6-ha land plot in Bucharest’s Soseaua Gheorghe Ionescu Sisesti, part of the portfolio of Aus...
CFA Analysts Forecast 2.7% Economic Growth, 5.4% Budgetary Gap in 2024. Inflation Expected to Average 5.33%, Leu to Reach 5.0419 Units/Euro in Next 12 Months
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0419 units/Euro in the next 12 months, while the inflation rat...
PepsiCo Installs over 1,300 Photovoltaic Panels on Romania Plants in $2.1M Investment
PepsiCo, a major player on the snacks and beverages market, has completed works to install over 3,000 photovoltaic panels on Dragomiresti, Popesti-Leordeni and Covasna plants, in the wake of...
Popeyes Set to Open Restaurant Outside Bucharest
Popeyes, the US restaurant chain that arrived in Romania in the spring of 2022, in a franchise system, will open a new unit in Pitesti, the first city the company has chosen to bet on locall...
New Car Registrations in Romania Down 10.1% in Q1/2024 YOY
New car registrations in Romania declined by 10.1% in the first three months of 2024 against the same period of 2023, to 33,228 units, in line with data from the Romanian and European associ...
Premier Energy Completes CEZ Vanzare Acquisition
Premier Energy group, owned by Czech investment fund Emma Capital, founded by Czech entrepreneur Jiri Smejc, has completed the acquisition of CEZ Vanzare, in the wake of which the regional c...
Greece’s PPC Teams Up with Mytileneos Energy & Metals to Develop Solar Project Portfolio in Romania, Italy, Bulgaria and Croatia
Greek group Public Power Corporation (PPC), which in 2023 took over Enel Romania assets, has signed a strategic cooperation agreement with Mytilineos Energy & Metals to develop and build a p...
Law Firm Filip & Company Assists Major One United Properties Shareholders in Sale of 234 Million Shares
Law firm Filip & Company granted legal assistance for four significant shareholders in One United Properties, namely co-founders Andrei Diaconescu (via OA Liviu Holding Invest) and Victor Ca...
Agroland Business System Budgets RON15M Additional Investment for Mihailesti Platform
Agroland Business System, a Romanian retail, farming and food entrepreneurial group, has budgeted additional investments of around RON15 million in 2024 mainly targeting the Mihailesti poult...
Competition Watchdog Okays Zabka Acquisition of Majority Stake in DRIM Daniel Distributie FMCG
Romania competition council has greenlighted the deal whereby Polish retailer Zabka, together with Radu Trandafir, Ioana Ionitescu intend to take over Romania consumer goods wholesaler DRIM...