Translator RO-EN
Oana Gavrila
- Fields
- Banks-Insurance, Companies, Social/Politics
- Writing for ZF since
- 2011
- Articles
- 8.731
Romanian Advertising Market Seen Declining 9.8% in 2020
The advertising market in Romania is expected to drop 9.8% this year, in line with the global average decline of 9.9%, according to estimates by GroupM Romania, a division of WPP.
Romania's Forex Reserves Drop to EUR35.002B in June
Romania's foreign exchange reserves dropped to EUR35.002 billion at the end of June from EUR35.646 billion at the end of May, central bank data showed Wednesday.
Romanian Government Proposes EUR100B Economic Relaunch Plan
Romania's liberal government is proposing a EUR100 billion ten-year economic plan, which includes grants to companies, and that seeks to switch to growth through investments not just consump...
Romania Recycles Just 11% of Waste Compared with 47% EU Average
Romania ranks last but one in the European Union with just 11.1% of waste recycled in 2018 compared with a EU average of 47.2%, European Commission data showed.
Local Hospitality Industry Struggles to Survive as Revenues Dropped 80%
Romania's hospitality industry currently reaches just 15-20% of the revenues it had in the same period last year, as only deliveries and open-air service are currently allowed and the govern...
Low Demand Keeps 60,000 Romanian Auto Industry Employees on Furlough
Around 60,000 employees in the Romanian auto industry, accounting for roughly a quarter of the total, remain on furlough due to low demand and lack of orders as production was resumed at a l...
Romania Resumes Bond Sales to General Population
Romania's finance ministry is resuming its bond sale program to the general population Wednesday, July 1, with one, two, three and five-year maturities and interests of up to 4.75% a year.
E.ON Invested EUR1.7B in Romania Network Upgrades by End-2019
German utility group E.ON, operating in Romania via Delgaz Grid and E.ON Energie Romania, has invested EUR1.7 billion on the local market in the past 15 years to upgrade distribution network...
Fondul Proprietatea Extends BRD Credit Facility for Two Years
Romanian investment fund Fondul Proprietatea (FP.RO) has decided to extend an existing credit facility from BRD Groupe Societe Generale for two additional years.
MedLife Buys Additional 7% in Genesys Arad, Reaches 68% Holding
MedLife, the leader of the private medical services market in Romania, said Tuesday it has bought an additional 7% stake in Genesys Arad, one of the largest private medical service providers...
Central Bank Sees Mounting Systemic Risks to Romania's Financial Stability
Two severe risks to Romania's financial stability are a rise in global uncertainty and fast deterioration of investor sentiment towards emerging economies and the worsening of domestic macro...
Pambac Posts RON186.5M Turnover in 2019; Romania Makes 1.5M Tons of Bread/Year
Romanian bread and bakery producer Pambac, owned by entrepreneur Eusebiu Gutu, had a turnover of RON186.5 million in 2019, down 1.5% on the year, finance ministry data showed.