Translator RO-EN
Oana Gavrila
- Fields
- Banks-Insurance, Companies, Social/Politics
- Writing for ZF since
- 2011
- Articles
- 8.731
Romania Private Lending Drops 0.7% on Month in May
Private lending in Romania declined 0.7% in nominal terms and 0.8% in real terms in May compared with April, to RON269.146 billion, central bank data showed Wednesday.
Electrica Acquires Stanesti Solar Farm in Southern Romania
Electrica Furnizare S.A., part of state-owned utility group Electrica, said Tuesday it has signed a share purchase agreement with Raylexo Limited and Long Bridge Management for the acquisiti...
Dedeman Posts 15% Turnover Growth in 2019, to RON8.3B
Dedeman, the largest Romanian entrepreneurial business and biggest local DIY chain, posted a turnover of RON8.3 billion in 2019, up 15% on the year, finance ministry data showed.
Over 7,400 SMEs Got Funding Totaling RON6.2B via Government Program
Romania has approved 7,418 loans totaling over RON6.2 billion through the government's IMM Invest program for SMEs by Tuesday, the national guarantee fund said.
Hidroelectrica Minority Shareholder Says Buying CEZ Assets Would Affect Listing
Fondul Proprietatea (FP.RO), which owns 20% in state-owned power producer Hidroelectrica, said Tuesday the government shouldn't approve the company's request to submit a binding bid for CEZ'...
Net Assets of Investment Funds in Romania Grow 6.6% in May
The net assets of the 220 domestic and foreign open-end and closed-end investment funds operating in Romania grew 6.6% on the month in May, to RON42.3 billion (EUR8.7 billion), and declined...
Romanian Banking Sector Shed 380 Units, 585 Employees in the Past Year
The Romanian banking system closed 380 units and agencies and 585 employees have left the system by the end of the first quarter of 2020 compared with the same period last year.
Romania Raises RON1.045B Selling Jan 2028 Bonds at 3.87% Average Yield
Romania's finance ministry on Monday raised 1.045 billion lei (EUR215.8 million), more than double its RON500 target, selling bonds maturing in January 2028 at an average yield of 3.87% and...
Euler Hermes: Romanian Economy To See Biggest Quarterly Drop in 20 Years in 2Q
Romania's economy will witlessness its biggest quarterly decline in over 20 years in the second quarter of 2020 and the country's gross domestic product is expected to keep declining until t...
Black Sea Fund I Buys into Intermedio General Group
Investment fund Black Sea Fund I, launched at the end of 2018 with over EUR43 million at its disposal for investments, said Monday it bought “a significant share” of interior decorating and...
Forty Management Sells 30% of Retail Space in Residential Project for EUR1.3M
Developer Forty Management, which is currently working on four mixed-use projects, has sold 30% of the retail space in Central District 4 Elemente in southeast Bucharest to an investment fun...
Ioana Filipescu Stamboli Leaves Partner Position at Deloitte
Executive Ioana Filipescu Stamboli has left Deloitte Romania after a four-year term. She led the group's M&A activity and was a partner on corporate finance.