Reporter
Cristina Bellu
- Fields
- Companies, Banks-Insurance, Real Estate
- Writing for ZF since
- 2021
- Articles
- 1.012
iBanFirst Expects Romania Economy to Grow by 2.7% in 2024, Exchange Rate to Fluctuate within RON4.99-5,02/EUR Range, Sees Inflation at 5%
The evolution of Romania economy in 2024 will be in line with the tendencies registered in the rest of Europe, set to mark modest growth, below potential, of just 2,7%, slightly above the 2%...
New Car Registrations in Romania Down 8.9% Annually in February
New car registrations in Romania posted an 8.9% decline in February against the same month of 2023, to 11,339 units, of which 1,109 were full electric ones, up 6.6% year-on-year, and 3,736 h...
CTP Contracts EUR200M Syndicated Loan to Expand CTPark Bucharest Project
CTP, continental Europe’s largest listed developer and administrator of industrial and logistic spaces, has signed for a syndicated loan facility totally worth EUR200 million to refinance th...
Sika Set to Lease 4,500 Sqms in ELI Parks’ ELI Park 4
Swiss building materials company Sika is expanding its Romania operations after inking a contract to lease 4,500 square meters of logistic and office spaces in ELI Park 4, a project part of...
EY Assisted Delgras Grid and Retele Electrice Banat in Accessing over EUR150M Worth of EU Non-Reimbursable Funds via Modernization Fund
EY assisted Delgaz Grid SA and Retele Electrice Banat SA in readying funding applications for investments in electricity grid expansion and modernization.
Finance Ministry Launches New Issue of Tezaur T-Bills
The Finance Ministry starting Wednesday, March 13, launched a new edition of Tezaur T-bills program, with 1 and 3-year maturities and annual interest rates of 6.1% and 6.85% respectively.
Hidroelectrica Seals Partnership with Romania Olympic and Sports Committee to Support Romania Team at Paris Olympic Games
Hidroelectrica, Romania’s biggest energy producer, has become a partner of Romania’s Olympic and Sports Committee (COSR) to support Romania’s olympic team during the training, qualification...
Alpha Bank Ends 2023 with EUR38M Net Profit, Up 15% YOY
Alpha Bank Romania, among the 10 largest banks in Romania by assets, for 2023 reported EUR38 million net profit, 15% higher than in 2022, amid the strong commercial activity and efficient co...
Rodbun Group Contracts EUR101.5M Syndicated Loan for Work Capital and Business Expansion
Agribusiness group Rodbun has contracted a syndicated loan facility totally worth EUR101.5 million via the refinancing and increase of existing facilities by EUR37.14 million.
Supermarket La Cocos Retailer Expands to Brasov
Supermarket La Cocos retailer, controlled by entrepreneur Iulian Nica, has expanded to Brasov, after Ploiesti and Bucharest, where it will open the fourth hypermarket locally, with an area o...
BCR Rakes In RON2.32B Net Profit in 2023, Up 33% YOY
Lender Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, registered net profit worth RON2.32 billion (EUR469 million) in 2023, up 33% from 2022, driven by improved operatin...
Winemaker Purcari Ends 2023 with RON370M Turnover, Up 22%, Net Profit Nears RON60M, 45% Higher YOY
Romanian winemaker Purcari in 2023 registered RON369.4 million revenues, 22% higher than in 2022, while its net profit rose by 45%, to RON59.6 million.