Reporter
Cristina Bellu
- Fields
- Companies, Banks-Insurance, Real Estate
- Writing for ZF since
- 2021
- Articles
- 1.012
Retail Turnover Up 4.8% in Jan-July 2022 YOY
Retail turnover, the main barometer for private consumption, in the first seven months of this year went up by 4.8% in gross series, from the same period of last year, amid rising sales of f...
Romania Industrial Production Prices Up 52.3% in July 2022 vs July 2021
Industrial production prices, a key indicator in gauging inflation, in July 2022 rose by 5.2% on the month and by 52.3% compared to July 2021, both on the domestic market and for the foreign...
Patria Bank 1H/2022 Profit Rises 67% To RON10M from Year-Earlier Period
Patria Bank, a lending institution held by investment fund Emerging Europe Accession Fund (EEAF), in the first half of this year reported RON10.1 million profit, up 67% from the correspondin...
Sphera Franchise Group Switches to RON8.7M Losses in 1H/2022, from RON5.2M Profit in 1H/2021
Sphera Franchise Group, the operator of the KFC, Pizza Hut and Taco Bell brands in Romania, for the first half of this year reported RON8.7 million losses (not including the impact of IFRS 1...
One United Properties 1H/2022 Net Profit More than Doubles to RON348M Vs 1H.2021
One United Properties, one of the largest real estate developers in Romania, saw its net profit soar by 136%, to RON347.8 million, in the first six months of 2022 from 1H/2021.
Jewelry chain Teilor Opens Third Store in Hungary, Reaches 62 Units in CEE
Luxury jewelry store chain Teilor, with bonds listed on the Bucharest Stock Exchange, is further expanding in Hungary by opening its third store in Budapest and reaches a 62-unit network in...
Romania Trade Gap Reaches EUR15.3B in 1H/2022, Up 45% YOY
Romania’s trade balance posted a deficit of EUR15.3 billion in January-June 2022, EUR4.74 billion higher than in the same period of 2021, in line with data from the country’s statistics boar...
CBRE: Modern Office Space Stock Seen Reaching 4.7 Million Sqm at End-2022, Up 9% YOY
Romania’s modern office space stock has gone beyond 4.3 million square meters in the first half of this year, with 76% concentrated in Bucharest and is set to hit 4.7 million square meters i...
MedLife Takes Over 60% of Brasov-based Opticristal
MedLife, the main player on Romania’s private healthcare market, has acquired 60% in Brasov-based ophthalmological diagnosis and surgery clinic Opticristal, with over EUR1 million turnover i...
Three-Month ROBOR Resumes Growth, Hits 8.05% A Year on August 3
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, on Wednesday, August 3rd, reach...
Alpha Bank Romania 1H/2022 Gross Profit Spikes 71% To EUR18.2M From Year-Earlier Period
Alpha Bank, among the ten largest banks by assets on the Romanian market, in the first half of this year posted EUR18.2 million gross profit, up 71.6% from the 1H/2021 level.
AROBS Transilvania Launches AROBS Engineering Arm
AROBS Transilvania Software, the largest tech company listed on the Bucharest Stock Exchange, is launching the AROBS Engineering unit, officially registered as AROBS Development & Engineerin...