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Manuela Panescu
- Fields
- Capital Market, Companies, Banks-Insurance
- Writing for ZF since
- 2012
- Articles
- 1.453
Leu Opens Down Vs Euro, On Negative Regional Sentiment
The Romanian leu lost ground versus the euro in early trade Thursday, nearing 4.51 units, and tracking its peers in the region, amid below expectation data on the manufacturing industry in C...
Bucharest Bourse Opens Lower, In Low Volumes
The Bucharest stock exchange opened slightly down Thursday, mirroring western European markets, on low traded volumes as most investors are cautious.
Fabryo And Atlas Merge Their Operations Into EUR42M Business
Paints and textured plasters producer Fabryo, controlled by investment fund Oresa Ventures, will merge with the construction materials division of Atlas Corporation group, controlled by Gree...
High Price Still Lures Farmers Into Planting Rapeseed Crops
Romanian farmers planted a 20%-30% larger area with rapeseed this fall, covering 500,000 hectares, after more than two thirds of the crop was lost because of the drought this year.
Mandatory Home Insurance Suspended In Court
The Bucharest Court of Appeals has suspended, at the request of Astra, the enforcement of an order issued in August by the Insurance Supervisory Commission (CSA) forcing home owners to buy a...
ELI-NP Project Manager Deems Inking Construction Contract By December
The manager of ELI-NP project, Nicolae Victor Zamfir, said Wednesday he hopes the construction contract of the the research center in the southern town of Magurele be signed by December, the...
Sibex To Choose New Board Members September 22
The stockholders of Romania’s monetary and commodities exchange SIBEX will discuss September 22 on revoking the current Managing Board and choose a new one, fueled by the losses reported so...
Bucharest Stocks End Down, Proprietatea Deal Takes Turnover To 3-Month High
The Bucharest stock exchange closed lower Wednesday, with traded values touching a record high of the past three months, at 111.2 million lei (EUR24.7 million), following a large deal with F...
Astra Asigurari Replaces Executive Chairman
Romanian insurer Astra Asigurari Wednesday said it named Iulius Alin Bucsa, the former head of Euroins Romania, as executive chairman of the company’s Board of Directors, replacing Alexander...
VEKA Romania Eyes 20% Higher Sales In 2012, At EUR16M
VEKA Romania, a unit of German window PVC profile maker VEKA, forecasts a 20% sales growth in 2012, at EUR16 million, as a result of strengthening the network with the local partners as well...
Private Pension Funds Functioning Tax Up 50% As Of January 2013
The functioning tax paid by the managers of Romania’s mandatory (Pillar II) private pension funds will increase by over 50% as of January 1, according to a decision recently approved by Roma...
Bucharest Stocks End Slightly Up, In Low Traded Values
The Bucharest stock exchange closed slightly higher Tuesday, amid low traded values as investors are in a sit-and-wait position.