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Manuela Panescu
- Fields
- Capital Market, Companies, Banks-Insurance
- Writing for ZF since
- 2012
- Articles
- 1.453
Condmag Has New General Manager
Alexandru Varlan will be the new general manager of Romanian oil and gas pipe maker Condmag Brasov (COMI.RO), replacing Claudiu Muresan.
BCR To Become Cemacon Stockholder, Through Debt Conversion
Romania’s largest lender BCR, a unit of Austria’s Erste Group Bank (EBS.RO) will become stockholder of bricks producer Cemacon (CEON.RO), through the conversion into shares of part of the co...
Polisano Invested EUR67M In Medical Drugs Factory
Polisano drug wholesaler, part of the Sibiu group of the same name, invested EUR67 million in a medical drugs factory estimated to generate revenues of EUR40 to EUR60 million once reaching f...
Siniat Romania Opens Building Materials Plant, A EUR50M Greenfield Project
Siniat Romania, a unit of Belgian industrial group Etex, completed the construction of its plasterboard factory in the southern city of Turceni, a EUR50 million greenfield investment.
Government Hikes Lending Threshold For EU Funds By RON1B
The Romanian Government increased the threshold for net lending to cover the payment requests within the European Union financed projects by 1 billion lei, to a total RON5 billion.
Innova Capital Postpones La Fantana Listing On Greece Crisis
Polish investment fund Innova Capital postponed the listing of bottled water wholesaler La Fantana, which it controls, on the Bucharest bourse, in a pre-summer deal, due to the high volatili...
Cupru Min Forecasts 3-Fold Lower Profit In 2014
Romanian state-run copper producer Cuprumin Abrud forecasts a net profit of 1.56 million lei in 2015, threefold lower from a year before, according to the company’s budget and revenues budge...
Affidea Teams Up With Regina Maria For EUR1.5M Imaging Unit
Private healthcare services provider Affidea invested EUR1.5 million in an imaging unit opened in Bucharest-based Floreasca medical unit, owned by Regina Maria healthcare network.
Non-Performing Loans Ratio Drops To 13% In April
Non-performing loans decreased to 13.5% of all household and corporate lending in April, compared with 20% during the same period a year before, according to central bank data.
SIF Moldova To Pay Dividends From 2012-2014 Profit
Romanian investment fund SIF Moldova (SIF2.RO) will pay gross dividends representing 52.5 million lei from 2014’s net profit as of June 30.
Alro Slatina To Increase Products Share For Car, Aeronautical, Defense Sectors
Romanian aluminum smelter Alro Slatina (ALR.RO), majority owned by Vimetco group, aims to increase the volume of products targeting the auto, aeronautical and defense sectors by 10%, to 30%...
Omniasig Posts 24% Higher Underwritings In 1Q
Insurance company Omniasig, owned by Austria's Vienna Insurance Group (VIG), underwrote gross premiums of 238 million lei (EUR54 million) in January to March, up 24% compared with the same p...