Translator RO-EN
Oana Gavrila
- Fields
- Banks-Insurance, Companies, Social/Politics
- Writing for ZF since
- 2011
- Articles
- 8.731
Raiffeisen Bank To List 10-Yr Bonds totaling RON480M on Bucharest Stock Market
Lender Raiffeisen Bank will list subordinated bonds totaling RON480 million on the Bucharest Stock Exchange on May 14. The bonds have ten-year maturity and an interest pf 3.5% plus a three-m...
European Commission Sees Romania's GDP Falling 6% in 2020
The European Commission expects Romania’s economy to contract by 6% in 2020 under the impact of the coronavirus crisis, followed by 4.2% growth in 2021, according to its spring economic fore...
Housing Prices Grow in Most Major Romanian Cities in April, Despite Overall Downturn
Asking prices for housing in Romania grew on average in April in all major cities except in Constanta, where prices were lower, according to a housing market report by Imobiliare.ro.
Guarantee Fund Signs Agreement with 29 Banks to Allow Moratorium on First Home Loans
Romania's guarantee fund said Wednesday it has signed agreements with 29 banks to grant facilities on rescheduled interests for state-guaranteed mortgage loans for debtors whose income was a...
Carbochim 1Q Revenues Down 6.6%, to RON8.17M
Industrial abrasives manufacturer Carbochim, indirectly owned by businessman Iulian Dascalu, reported revenues of RON8.17 million in the first quarter of 2020, down 6.6% on the year, and a n...
BRD Group Posts 20% Drop in Net Profit in 1Q, to RON240.7M
BRD Groupe Societe Generale (BRD.RO), the third largest bank in Romania by assets, said Wednesday its net profit dropped 20% on the year in the first quarter of 2020, to RON240.7 million, in...
Romania Unwilling to Access Conditional International Loans
Romania's finance ministry is looking at all financing options from international lenders – IMF, EBRD, World Bank – but will not access any loan with conditions attached, finance minister Fl...
Romanian Finance Minister Expects Economy Will Recover Quickly in 2H/2020
Romanian finance minister Florin Citu said Tuesday the government was operating within a scenario that sees the country's economy heading for a V-shaped recovery, returning to growth startin...
Vivre Deco Sales Grow 42% in Jan-Apr, to EUR22M
Online furniture and home decor retailer Vivre Deco, held by local entrepreneurs, posted a 42% annual rise in sales in January-April 2020, exceeding EUR22 million, the company said Tuesday.
First Bank Completes Integration of Bank Leumi Romania
First Bank, held by U.S. investment fund J.C. Flowers & Co., said Tuesday it has completed the integration of Bank Leumi Romania, a subsidiary of Bank Leumi Israel, completing the acquisitio...
Passenger Vehicle Registrations in Romania Drop 7% in 1Q/2020
Registrations of road vehicles for passenger transport in Romania dropped 7% on the year in the first quarter of 2020, while registrations of freight transport vehicles dropped 5.4%, data fr...
PwC Survey: 47% of Companies Plan to Make Remote Work a Permanent Option
As companies consider when and how to reopen work sites, 64% plan to change safety measures and requirements and 46% plan to accelerate automation and other new ways of working, a global sur...