Translator RO-EN
Loredana Frățilă-Cristescu
- Fields
- Companies, Capital Market, Retail&Consumer
- Writing for ZF since
- 2011
- Articles
- 9.761
New Corporate Loans in Lei Up 18% to RON3.3B in January 2023
Banks in Romania granted more than RON3.3 billion worth of new loans in lei to companies in January 2023, an increase of 17.9% on December 2022 and on the year-ago month.
Pillar II Pension Funds Own 20% in Transgaz
Through the seven Pillar II mandatory private pension funds, to which they contribute 3.75% of their gross monthly income, several million Romanian employees have come to own 20% in Transgaz...
Freight Carrier Sorcani Expects 20% Growth in Revenue in 2023
Road freight transport company Sorcani, based in Sibiu, ended 2022 with RON77.5 million (EUR16 million) revenue, an increase from the RON55 million of 2021, its officials said.
Punctual Comimpex Aims for RON1B Revenue in 2023
Cigarette wholesaler Punctual Comimpex, based in Cluj-Napoca, estimates this year’s revenue to reach RON1 billion (approximately EUR200 million), an increase of more than 9% on 2022, ZF has...
Banca Transilvania Calls Shareholders to Vote on RON910M Capital Increase
The Board of Directors of Banca Transilvania (TLV.RO), the largest lender in Romania, has called shareholders on April 26, when they are to vote on the 2023 spending and revenue budget, as w...
OTP Bank Profit Shrinks 40% to RON34.6M in 2022
OTP Bank Romania posted after tax profit of RON34.6 million in 2022, a decline of 40% on 2021, the group report published in Budapest shows. The report presents the consolidated results, in...
Eurohold Group Announces Consolidation of Euroins’ Financial Position
Bulgaria’s Eurohold Group has recently consolidated the financial position of insurer Euroins Romania, which now has a solvency capital requirement (SCR) ratio of 160% and a minimum capital...
Prysmian Gets EUR7.5M State Aid for IT Center of Excellence in Slatina
Slatina-based electrical and fiber optic cable manufacturer Prysmian, part of the Italian Prysmian group, has received EUR7.53 million in state aid under the HG322/2017 scheme to finance a E...
Mega Image Expansion in 2022, Slowest in 11 Years
Retailer Mega Image, held by Belgian-Dutch group Ahold Delhaize, ended last year with a network of 956 supermarkets and convenience stores, 36 more than it had at the end of 2021.
PwC Romania: Romania M&A Market Back to Pre-pandemic Level in 2022
The mergers and acquisitions market in Romania, in terms of deals signed and concluded, reached EUR5.4 billion in 2022, higher than the pre-pandemic level of EUR5.2 billion of 2019, as a res...
Lagardère Travel Retail Wants to Bring Costa Coffee Coffee Shop Brand in Romania
Lagardère Travel Retail, which is part of French Lagardère group, which operates in travel retail and on-premise sector, is considering bringing Costa Coffee coffee shop brand as a franchise...
Roca Industry Budgets EUR466M Revenue and RON18M Net Profit in 2023
ROCA Industry (ROC1.RO), the first Romanian holding company of construction material makers, launched by ROCA Investments, notified Bucharest Stock Exchange investors that it expected RON18....