Translator RO-EN
Loredana Frățilă-Cristescu
- Fields
- Companies, Capital Market, Retail&Consumer
- Writing for ZF since
- 2011
- Articles
- 9.761
70% Of Romania’s Employees Earn Less Than Average Wage Per Month
Two in three employees in Romania earn less than the average wage of 1,700 lei (EUR380) per month in net amount, as Romania is unable to attract high value added investments that generate hi...
Entrepreneur Behind Bata Footwear Retailer To Focus On New Balance Brand in 2016
Eugen Paturan, the entrepreneur who introduced footwear retailer Bata in Romania as a franchisee together with his wife thirteen years ago is developing another franchised footwear retail bu...
Leading Local Insurers’ Profits Up In 2015
The largest insurers in Romania posted higher annual profits in 2015, which means the overall loss of the market might drop this year, though a return to profit in 2016 is unlikely.
Policolor CEO: Paint Market Up 5% In 2015
Policolor-Orgachim, which includes Policolor, one of the leading actors of the local paint and coatings market, ended last year with EUR56.3 million revenue, an increase of 6.7% on 2014.
Profi Seeks To Reach 500 Stores By End Of 2016
Profi supermarket chain held by Polish private equity firm Enterprise Investors wants to end the year with 500 stores from fewer than 400 at the moment.
Romania Loses Daimler’s EUR500M Engine Plant Investment To Poland
Daimler chose Poland over Romania for a new engine plant, a EUR500 million investment set to create 1,500 jobs. The announcement comes one week after the German group said it would make a EU...
Minimum Wage Raise Boosts Disposable Incomes By EUR600M
The rise in gross minimum wage from 1,050 lei (EUR234) to RON1,250 per month as of May 1 will boost the disposable incomes of more than 1.6 million employees by about EUR600 million a year,...
Sandor: Demand For Office Space In Timisoara And Cluj Rising Fast
Real estate developers have to build when the economy is in recession so as to have their products ready for companies when the economy recovers, believes Ovidiu Sandor, the Timisoara real e...
Chinese Companies Gain Significant Positions In Romania’s Economy
Chinese companies have doubled share capital in Romania in the past ten years and established more than 3,000 businesses in this country.
GSK Market Share Down To Half In Ten Years
UK’s GlaxoSmithKline (GSK), which had drug production operations in Romania via the Europharm plant in Brasov since late nineties, has lost more than half of its market share in Romania on t...
Romania Competes With Poland For EUR800M Daimler Investment
Daimler has Jawor, Poland and Sebes, Romania to choose from for a EUR800 million investment in a new engine plant set to create 1,500 jobs. While Daimler already has a transmission plant in...
Gross Financial Assets Of Romanian Households Stood At RON500B In 2015
Gross financial assets of households in Romania stood at more than 500 billion lei (over EUR100 billion) last year, about one third of which, RON140 billion kept in bank deposits, Romania’s...