Translator RO-EN
Loredana Frățilă-Cristescu
- Fields
- Companies, Capital Market, Retail&Consumer
- Writing for ZF since
- 2011
- Articles
- 9.761
Low Interest Rates And Rise In Spending Drive Consumers’ Bank Deposits Down
New deposits in domestic currency made by individual customers of banks in Romania stood at 136 billion lei (EUR30 billion) in January-August, down 7.4% on the year-ago period, according to...
Schaeffler: Number Of Employees Could Go Up By 10% To 20% Over The Next Four Years
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler group, has reached 4,000 employees in this country and plans to boost the headcount of the plant in Cristian, Brasov County f...
Contec Foods To Enter Frozen Vegetable Market
Contec Foods, one of the leading canned fruit and vegetable companies in Romania, expects revenue to reach more than EUR25.5 million this year, up 10% on 2015. The growth in revenue has made...
Altex: Purchases From Mobile Devices Generate About 10% Of Our Online Sales
About 10% of the online sales of computer and electronics retailer Altex are generated by purchases from mobile devices, while the traffic from mobile phone and tablets is much higher, about...
The Stake Of Octavian Radu’s Entry On The Unaddressed Mail Market
The courier service market brought businessman Octavian Radu two failures in the past – TCE Logistica and Curiero, which did not survive the crisis in 2009-2010. The entrepreneur, however, h...
BNR: Conversion Of Swiss Franc Loans Sends Two Lenders Below Minimum Solvency Level
Romania’s central bank (BNR) says that the conversion of the Swiss franc loans at the historical exchange rate could drive the solvency of two banks under the minimum requirement, and in all...
Mega Image Headed To EUR1B Sales After 32% Growth In H1
The sales of retailer Mega Image should go beyond 4.7 billion lei (over EUR1 billion) in 2016, if growth continues at the same pace in the second half.
RCS&RDS Bonds Oversubscribed In London
The London market met the leu and euro bond issue of RCS&RDS, which ended October 12, with a lot of interest.
Entrepreneurs In Arad And Bihor: Huge Pressure On Wages, We’ve Raised Them 60% In Two Years
The rise in minimum gross wage to 1,250 lei (EUR278) from RON850 in 2014 (47% in two years) is putting pressure on the local companies, which have had to find solutions today for the wage ex...
Michael Schmidt Plans Hotel Investment, Expansion To Volume Brands
Michael Schmidt, the businessman behind the Automobile Bavaria group wants to add a new line of business and invest in a national hotel chain, as well as enter the volume auto market by addi...
Romanian Plant Makes Plastic Tableware For Dom Perignon And Nespresso
Italian-held Gold Plast group has been making plastic tableware in a plant in Topoloveni, Arges County (southern Romania) for a decade, which winemakers like Dom Perignon and Veuve Clicquot,...
Foreign Equity Funds Beat Romanian Funds By Yearly Yield
Foreign equity funds available in Romania posted yields of up to 29% in the past twelve months, which are even three times higher than the average yield of a Romanian equity fund.