Translator RO-EN
Daniela Stoican
- Fields
- Banks-Insurance, Retail&Consumer, Companies
- Writing for ZF since
- 2011
- Articles
- 176
RCS&RDS Takes Over ILink Clients
Cable operator RCS&RDS, held by businessman Zoltan Teszari, has taken over the communications infrastructure and the subscriber base of Cobalt IT, the operator of the iLink network, with ove...
Kaufland Is Officially Largest Player On Retail Market, Metro Loses Supremacy After 15 Years
German retailer Kaufland, with a EUR1.31 billion turnover in 2011, has officially become the largest company in Romanian modern retail after the last two major retail companies, Kaufland and...
Forex Transactions Fall Below EUR34B In August, Despite Exchange Rate Volatility
Tensions calmed down on the Bucharest forex market in August, with the trading volume falling to a four-month low, at EUR33.7 billion, 15% lower than the monthly average for May-July.
Deindustrialization Is The Main Cause Of Romania’s Depopulation
The major factors Romania’s depopulation are the closure and gradual narrowing down of the activity of major industrial giants that used to operate in Romania before 1989, which also meant t...
Romania Pays EUR1.2B For Imported Fuel, While Shutting Down Refineries
The volume of imports of gasoline and diesel doubled between 2007 and 2011, with Romania ending up paying EUR1.2 billion last year for fuel made abroad, almost three times as much as in 2007...
Mixed Results In The First Half For Bucharest-Listed Companies
Half of the 32 listed companies that have so far published their first-half financial results reported a higher turnover, while the other half had lower sales.
Plants Worth Over EUR100M Put Up For Sale Following Insolvency
The financial crisis over the past three years has “brought down” many malls, housing projects and store chains, as well as tens of plants operating in the food, industrial and construction...
RCS&RDS Takes Up To EUR25M Loan From Citibank For Radio Spectrum Auction
RCS&RDS SA, one of the largest telecom operators in Romania, controlled by businessman Zoltan Teszari in Oradea, took out on August 9 a maximum EUR25 million loan from Citibank Romania, acco...
Exchange Rate Won’t Listen To Finance Minister. Will It Listen To The Central Bank Governor?
Romanian leu exceeded 4.6 units against the euro on Monday despite assurances by finance minister Florin Georgescu that the exchange rate will not go over the 4.5 unit threshold.
Hidroelectrica, Energy Holding Agree On Price, Still Talk On Deal Duration
Romania insolvent state-owned energy producer Hidroelectrica and Energy Holding have agreed Monday on the price of the contract, but Hidroelectrica’s representative also aim to cut the durat...
Gica Popescu Hopes To Recoup Investment In Courtyard Marriott Hotel Within Ten Years From Opening
Former football player Gica Popescu says his “guarantee” that the Courtyard Marriott hotel project will go through is that his partner is Marriott.
Head Of McDonald’s Romania Bets On Higher Customer Numbers For Growth
McDonald’s, leader of the restaurant market in Romania, bets on a return to growth this year after its business had been flat in 2011.