Translator RO-EN
Oana Gavrila
- Fields
- Banks-Insurance, Companies, Social/Politics
- Writing for ZF since
- 2011
- Articles
- 8.731
Top Banks in Romania in 2019: Banca Transilvania Leads, ING Climbs to 4th Spot
Banca Transilvania remained Romania's top lender in 2019, while ING climbed to the fourth position, overtaking UniCredit and Raiffeisen, according to the central bank's annual report release...
Romania's Central Bank Posts RON1.8B Profit in 2019, Up 52% on Year
Romania's central bank had a profit of nearly RON1.8 billion in 2019, 52% higher compared with 2018, mainly due to higher total revenues, the bank said in its annual report released Friday.
Tinmar Energy Acquires 95% of Intercereal
Electricity trader Tinmar Energy, the biggest entrepreneurial business in the local energy sector, part of Augustin Oancea's Tinmar Group, has acquired 95% of Intercereal, cereal producer ba...
Romania's Budget Gap Widens to 3.59% of GDP in Jan-May
Romania's general consolidated budget posted a deficit of RON38.84 billion in January-May, or 3.59% of the gross domestic product, nearly half of which was due to tax facilities and incentiv...
Romania Unemployment Rate Hits 4.3% in 1Q/ 2020
Romania's seasonally adjusted unemployment rate stood at 4.3% in the first quarter of 2020, from 3.9% in the fourth quarter of 2019 and 4.1% in the first quarter of 2019, data from the count...
Hidroelectrica Gets Go-Ahead to Pursue CEZ Assets Acquisition
Romanian state-owned power producer Hidroelectrica on Thursday received the go-ahead to submit a binding bid for the acquisition of CEZ's Romanian assets.
Romania Raises RON940M Selling April 2024 Bonds at 3.51% Average Yield
Romania's finance ministry on Thursday raised 940 million lei (EUR194 million), versus a RON500 million target, selling bonds maturing in April 2024 at an average yield of 3.51% and maximum...
Altex Reopens Store in Miercurea Ciuc in New Location
Electronics retailer Altex said Thursday it was reopening its store in Miercurea Ciuc in a new location in the region's first retail park – Nest, after doubling the store area to 1,000 squar...
Nuclearelectrica Deposits RON52M at Eximbank for One Year
Romanian nuclear power plant operator Nuclearelectrica (SNN.RO) said Thursday it has deposited nearly RON52 million for a one-year period at Romanian state-owned bank Eximbank.
McDonald’s Franchise Owner Appoints New CEOs in Romania, Malta
Premier Capital plc, which owns the McDonald’s franchise on six European markets, including Romania, announced it will be appointing Paul Dragan as head of operations in Romania, where the c...
IMF Sees Global Economy Contracting 4.9% from 3% Forecast in April
The global economy is projected to decline by 4.9% in 2020, the International Monetary Fund said in its June 2020 latest World Economic Outlook forecast released Wednesday.
REC Immpuls Completes First Stage of Bucharest German School Campus
REC Immpuls, the regional division of German group REC Partners, has completed works on the first stage of a new campus for the Bucharest German School in the northern part of the city, foll...