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24658

Florentina Dragu

Translator RO-EN

Fields
Capital Market, Banks-Insurance, Energy
Writing for ZF since
0201
Articles
6.106
Companies

ArcelorMittal Iasi Hikes Share Capital To RON241M

Romanian steel pipes maker ArcelorMittal Tubular Products Iasi (TPRO.RO) will increase its share capital by 78 million lei (EUR17.9 million) to RON241 million, the company said in a statemen...

Florentina Dragu · 27.01.2012 · 17:48 · 1 min
Capital Market

Leu Dips Vs Euro In Quiet Market

Romania’s leu traded in ranges against the euro in late session Friday and closed slightly weaker on the day, after a lackluster day.

Florentina Dragu · 27.01.2012 · 17:47 · 1 min
Tarom's Net Loss Shrinks To RON252.2M In 2011
Companies

Tarom's Net Loss Shrinks To RON252.2M In 2011

Romanian state-run airline Tarom has narrowed its losses by 24.2% to 252.18 million lei (EUR58.1 million) in 2011, from RON332.5 million a year earlier.

Florentina Dragu · 27.01.2012 · 17:14 · 1 min
Retail&Consumer

Titan Sees Lower Sales In FY 2012

Romanian milling and bakery company Titan (MPN.RO) estimates its sales will drop by roughly 5% to 331.6 million lei (EUR76.4 million) in the financial year to end in September, from RON348 m...

Florentina Dragu · 27.01.2012 · 16:46 · 1 min
Leu Down Vs Euro, Exchange Rate At 4.3394
Capital Market

Leu Down Vs Euro, Exchange Rate At 4.3394

Romania’s leu lost early gains versus the euro by midday Friday, while the central bank’s reference was virtually flat at 4.3394 units, from 4.3396 units a day earlier.

Florentina Dragu · 27.01.2012 · 13:50 · 1 min
Erste Reshuffles BCR Management: Tomas Spurny Named CEO
Banks-Insurance

Erste Reshuffles BCR Management: Tomas Spurny Named CEO

Romania’s top lender Banca Comerciala Romana (BCR), a unit of Austrian Erste Group Bank (EBS.RO), has appointed Tomas Spurny as its new chief executive officer, the bank said in a statement...

Florentina Dragu · 27.01.2012 · 13:39 · 1 min
Real Estate

Wienerberger Appoints New Head Of Romanian Operations

Austrian Wienerberger AG, the world’s largest brick maker, has appointed Corneliu Fecioru as the new head of its Romanian business, the company said in a statement Friday.

Florentina Dragu · 27.01.2012 · 13:18 · 1 min
BCR Sees 35% Rise In 2012 Bad Loan Provisions
Banks-Insurance

BCR Sees 35% Rise In 2012 Bad Loan Provisions

Romanian leading bank Banca Comerciala Romana (BCR) estimates provisions for potential bad loans will rise 35% to 5.32 billion lei (EUR1.22 billion) in 2012, according to the lender’s revenu...

Florentina Dragu · 26.01.2012 · 20:14 · 1 min
Capital Market

ArcelorMittal Roman Increases Share Capital By RON292M

Romanian steel pipes maker ArcelorMittal Tubular Products Roman (PTRO.RO) will increase its share capital by 292.1 million lei (EUR67 million) to RON725 million, the company said in a statem...

Florentina Dragu · 26.01.2012 · 19:00 · 1 min
Romania 2011 Budget Gap Shrinks To 4.35% Of GDP
Macroeconomics

Romania 2011 Budget Gap Shrinks To 4.35% Of GDP

Romania's budget deficit narrowed to 4.35% of the gross domestic product in 2011, from 6.5% of GDP a year earlier, the Finance Ministry said Thursday.

Florentina Dragu · 26.01.2012 · 18:53 · 1 min
Companies

EU Urges Romania To Simplify Merger & Division Rules

The European Commission Thursday said Romania and four other states have failed to comply with their obligation to implement simplified rules on mergers and divisions and requested the five...

Florentina Dragu · 26.01.2012 · 17:58 · 1 min
BNR: December Overdue Loans Down 2.6% To RON21.3B
Banks-Insurance

BNR: December Overdue Loans Down 2.6% To RON21.3B

Romanian overdue private loans fell 2.58% on the month to 21.33 billion lei (EUR4.88 billion) in December, equal to 9.47% of the total lending, according to data released Thursday by the cen...

Florentina Dragu · 26.01.2012 · 17:49 · 1 min