Translator RO-EN
Oana Gavrila
- Fields
- Banks-Insurance, Companies, Social/Politics
- Writing for ZF since
- 2011
- Articles
- 8.731
Continental To Expand Timisoara R&D Center in EUR33M Investment
Continental Group, the biggest car parts manufacturer in Romania, said Tuesday it was starting works to expand its research and development center in Timisoara, western Romania, in an invest...
Vodafone Introduces 16 Weeks Paid Parental Leave for Employees
Vodafone Romania has introduced 16 weeks of paid parental leave for its employees as of April 1, 2020, in line with Vodafone's policy worldwide.
TBI Bank Posts EUR22.9M Net Profit in 2019
TBI Bank, part of 4Finance, with operations in Bulgaria, Romania, Germany, Sweden and Poland, reported a net profit of EUR22.9 million in 2019, up 58% on the year, while the bank's asset gre...
Compa Sibiu Extends Activity Halt Until End-June
Car parts manufacturer Compa Sibiu (CMP.RO) said Tuesday it was extending its temporary halt of activity until the end of June along with the suspension of labor contracts for part of its em...
Swedish Rosti Group Leases 11,300 Sqm Industrial Space for New Facility Near Ploiesti
Rosti Romania, owned by the Swedish company Rosti Group AB, has leased 11,300 square meters of industrial spaces in Paulesti, near Ploiesti, for a new production facility for auto industry p...
Romanian Central Bank Lowers 2020 Inflation Forecast to 2.8%
Romania's central bank on Friday lowered its inflation forecast to 2.8% for the end of 2020 from a previous projection of 3%.
Central Bank Lowers Key Rate to 1.75% a Year, Cuts Facilities Rates by 0.25 Points
Romania's central bank on Friday decided to lower its benchmark interest rate by 25 basis points to 1.75% a year starting June 2, after a cut to 2% back in March. The bank also lowered its l...
CEC Bank Posts RON114M Profit in 1Q/2020, Up 26% on Year
Romanian state-owned lender CEC Bank said Thursday it recorded a net profit of RON114.1 million in the first quarter of 2020, 26% higher compared with the same period last year.
Allianz Pension Funds Reach 6.5% Holding in TeraPlast
Construction materials producer TeraPlast Bistrita (TRP.RO) reported Thursday that Allianz SE, parent company of Allianz-Tiriac Pensii Private, has exceeded the 5% holding threshold followin...
Carmistin Invests EUR8M to Revamp Dilapidated Poultry Farms
Carmistin group, specialized in the production, processing and sale of meat, will invest EUR8 million in the reconstruction of dilapidated farms in Olt county, creating 250 jobs.
Electrica Group Board Approves Merger of Its Three Distribution Companies
Romanian state-owned energy utility group Electrica (EL.RO) said Thursday its board has approved in principle the merger of its three distribution companies, part of its strategy to become a...
Florin Pogonaru Buys 10% in Prodplast for RON4.3M
Plastic items manufacturer Prodplast (PPL.RO) reported Thursday that Florin Pogonaru, head of the Romanian Businessmen Association (AOAR), holds 9.99% in the company, a stake he acquired Mon...