Reporter
Cristina Bellu
- Fields
- Companies, Banks-Insurance, Real Estate
- Writing for ZF since
- 2021
- Articles
- 1.012
Romania’s Trade Gap Narrows by 18.4% in Jan-Sept 2023 To EUR20.3B
Romania’s trade deficit in the first nine months of 2023 shrank by 18.4% to a total of EUR20.3 billion, as the country’s exports rose by 2.1%, while imports dropped by 3.4%, data from the st...
Domeniile Averesti Set to List Wines in Three Major US Food Retail Networks
Romanian winemaker Domeniile Averesti, owned by entrepreneur Constantin Dulute, is due in 2023 to list its wines in three of the main food retail networks in the US, namely Cotsco, Aldi and...
CBRE: Investment Volume in Romania Office Market Hit EUR15M in 3Q/2023, Nears EUR69M in 2023
The volume of investments on Romania office segment reached EUR15 million in the third quarter of 2023, with the overall volume expected to revolve around EUR69 million for 2023, in line wit...
Raiffeisen Bank Reports RON1.3B Profit for Jan-Sept 2023, Up 45% YOY
Raiffeisen Bank, the local subsidiary of the Austrian group of the same name, in the first nine months of 2023 registered RON1.3 billion, up 45% from the gain of the same period of 2022.
BRD Jan-Sept 2023 Net Profit Up 19.4% YOY on 11.4% Higher Net Banking Income
BRD-SocGen, the third largest bank in Romania by assets, ended the first nine months of 2023 with a RON2.72 billion net banking income, up 11.4% from the year-earlier period, while net profi...
One United Properties Gets Low ESG Risk Rating from Morningstar Sustainalytics
Real estate developer One United Properties obtained an ESG risk rating of 18.4 from Morningstar Sustainalytics, a leading global provider of ESG data, research and ratings.
Bulgaria’s Restaurant Group Happy Enters Romania Market
Bulgarian restaurant group Happy is set to open a unit in Romania in the first half of 2024 in AFI Cotroceni mall, thus marking its arrival on the local market, according to real estate cons...
Law Firm D&B David si Baias Assisted Greece’s PPC in Completing Takeover of Enel’s Romanian Assets
A team of lawyers of D&B David si Baias, PwC’s correspondent law firm in Romania, has assisted Greece’s Public Power Corporation in concluding the deal whereby it took over the Romanian elec...
CEC Bank Grants EUR4M Funding to Pet Star Holding
Pet Star Holding, a major producer of PET preforms in Romania and the Balkans, has contracted EUR4 million funding from CEC Bank set to support its business.
Akcent Development Set to Build 723 Apartments in Bucharest’s Bucurestii Noi in EUR90M Investment
Akcent Development, part of Romanian entrepreneurial group Alfa Group, set up by Alin Niculae, has started building 723 apartments in Bucharest’s Bucurestii Noi area, close to Jiului undergr...
BCR Reports RON1.69B Net Profit in Jan-Sept, Up 10.3% YOY
Lender Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, in the first nine months of 2023 posted net profit worth RON1.69 billion (EUR343.8 million), up 10.3% from the same...
Greece’s PPC Names Alessio Menegazzo as CEO and Country Manager for Companies Owned in Romania
Greek group PPC, which bought Enel Romania for EUR1.2 billion, has appointed Alessio Menegazzo as CEO and Country Manager.