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Manuela Panescu

Fields
Capital Market, Companies, Banks-Insurance
Writing for ZF since
2012
Articles
1.453
Capital Market

Artego Targu Jiu 1H Net Profit 6-Fold Higher On Year, To RON3.08M

Rubber bands maker Artego Targu Jiu (ARTE.RO) reported a net profit of 3.08 million lei (EUR84,000) in the first semester of 2012, 6-fold higher on the year, from RON498,536 in the same peri...

Manuela Panescu · 10.08.2012 · 11:59 · 1 min
Romanian Shipyard Orsova Switches To Profit In 2Q
Capital Market

Romanian Shipyard Orsova Switches To Profit In 2Q

Romanian shipyard Santierul Naval Orsova (SNO.RO) on Friday reported a net profit of 53,000 lei (EUR11.699) in the first semester of 2012, 10-times lower from RON545,000 during the same peri...

Manuela Panescu · 10.08.2012 · 11:45 · 1 min
Bucharest Stocks Open Down, In Quiet Market
Capital Market

Bucharest Stocks Open Down, In Quiet Market

The Bucharest-listed stocks opened lower Friday morning, amid low traded value and with the BET-FI index slightly up.

Manuela Panescu · 10.08.2012 · 10:56 · 1 min
Oltchim May Hike Share Capital By RON2B
Energy

Oltchim May Hike Share Capital By RON2B

Romania’s chemical producer Oltchim Ramnicu Valcea (OLT.RO) may hike its share capital by 2.059 billion lei (EUR4.5 million) utmost, to RON2.093 billion, through the conversion into shares o...

Manuela Panescu · 09.08.2012 · 18:06 · 1 min
Romania Ranks 13th Worldwide By Average Internet Connection Speed
Technology &Telecoms

Romania Ranks 13th Worldwide By Average Internet Connection Speed

Romania ranks 13th in a global top by average Internet connection speed in 2012, from the 9th position end-2011, reports Akamai in its latest "State of the Internet" report issued Thursday.

Manuela Panescu · 09.08.2012 · 16:51 · 1 min
Retailers Say VAT Cut For Basic Food Will Reduce Shelf Prices
Retail&Consumer

Retailers Say VAT Cut For Basic Food Will Reduce Shelf Prices

The recent Government decision to cut the value added tax VAT for the basic food products to 9% as of 2013 will trigger lower shelf prices by the same percent, according to the Association o...

Manuela Panescu · 09.08.2012 · 14:14 · 1 min
Real Estate

Businessman Adrian Andrici Hikes Stake In Impact's Share Capital, At 5.75%

Romanian businessman Adrian Andrici bought Wednesday a 0.76% stake in the share capital of Romanian realty developer Impact Developer&Contractor (IMP.RO), for a total of 181,000 lei (EUR40,0...

Manuela Panescu · 09.08.2012 · 13:15 · 1 min
Cosmote Romania 1H Revenue Up 4.4% On Year, To EUR231.1M
Technology &Telecoms

Cosmote Romania 1H Revenue Up 4.4% On Year, To EUR231.1M

Revenue of mobile operator Cosmote in Romania climbed 4.4% in the first half of 2012, to EUR231.1 million, compared with EUR221.3 million in the same period a year before, despite the diffic...

Manuela Panescu · 09.08.2012 · 12:38 · 1 min
Bucharest Stocks Open Up, Amid Low Values
Capital Market

Bucharest Stocks Open Up, Amid Low Values

The Bucharest-listed stocks opened higher Thursday morning, amid low traded value and mirroring foreign markets.

Manuela Panescu · 09.08.2012 · 11:05 · 1 min
Leu Ends Slightly Lower Vs Euro, Loses Early Gains
Capital Market

Leu Ends Slightly Lower Vs Euro, Loses Early Gains

Romania’s leu lost the gains from early trade Wednesday and closed slightly lower on the day, amid central bank indirect intervention.

Manuela Panescu · 08.08.2012 · 17:22 · 1 min
Economy Ministry Signs Financing Contracts Worth RON51M With 7 Firms
Banks-Insurance

Economy Ministry Signs Financing Contracts Worth RON51M With 7 Firms

Romania’s Economy Ministry said Wednesday it signed 7 non-reimbursable financing contracts of 233.2 million lei (EUR51.3 million) early August, within the EU-funded program targeting product...

Manuela Panescu · 08.08.2012 · 15:35 · 1 min
Social/Politics

Government Ups Statistics Institute’s Budget For National Census

The Romanian Government increased the budget of the National Statistic Institute, INS, with 11.2 million lei (EUR2.47 million) for processing the data collected at the last national census,...

Manuela Panescu · 08.08.2012 · 12:39 · 1 min