Translator RO-EN
Oana Gavrila
- Fields
- Banks-Insurance, Companies, Social/Politics
- Writing for ZF since
- 2011
- Articles
- 8.731
Romania Extends State of Emergency Until Mid-May
Romanian President Klaus Iohannis on Tuesday issued a decree extending the state of emergency in the country by another month in a bid to limit the spread of the coronavirus.
IMF Sees Romania's GDP Falling 5% in 2020 Under Covid-19 Impact
The International Monetary Fund estimates Romania's economy will drop 5% this year, according to the latest World Economic Outlook released Tuesday.
Blue Air Raised EUR9M from SIF1 via Private Placement in December 2019
Blue Air, Romania's largest private airline, raised EUR9 million from SIF Banat-Crisana (SIF1.RO) for a six-month period back in December 2019 via private placement at an interest of 13.2% a...
Romanian Central Bank Starts Buying Government Bonds
Romania's central bank has approved and started the acquisition of government bonds to help finance ballooning expenses prompted by the coronavirus crisis, a central bank official said Tuesd...
Romania Posts Current Account Deficit of EUR325M in Jan-Feb
Romania's current account balance posted a deficit EUR325 million in January-February, compared with a deficit of EUR176 million in the same period in 2019, central bank data showed Tuesday.
Nielsen: FMCG Sales Grow 31.1% Since Start of Pandemic Until End-March
Sales of fast moving consumer goods grew a total 31.1% since the start of the pandemic until the end of March, according to market research firm Nielsen.
Michelin Resumes Metallic Cord Production in Zalau
Michelin Romania, part of French tire manufacturer Michelin Group, said Monday it has gradually resumed production starting April 8 at its metallic cord factory in Zalau, which was suspended...
Romania Raises RON443.6M Selling Dec 2022 Bonds at 3.76% Average Yield
Romania's finance ministry on Monday raised 443.6 million lei (EUR91.84 million) selling bonds maturing in December 2022 at an average yield of 3.76%, central bank data showed.
Romanian Auto Market Falls 23.8% YoY in 1Q/2020
Romania’s auto market declined 23.8% on the year in the first quarter, while the contraction in March alone was 33%, data from the Automotive Manufacturers and Importers Association (APIA) s...
Roca X Raises Share Capital to EUR4M
Roca X, an investment fund focusing on start-ups in the technology sector, part of Impetum Group, attracted a new round of financing raising its share capital from EUR2.7 million to EUR4 mil...
Raiffeisen Bank Manager: 9-Month Loan Deferral Not a One-Size-Fits-All Solution
Catalin Munteanu, executive manager for individual customers at Raiffeisen Bank, said Mnday deferring loan installments for up to nine months is not a solution that fist any situation and cu...
TMK Artrom Gets Approval for Shareholder Withdrawal
Romania's financial watchdog said Monday it has approved TMK Europe's move to withdraw the shareholders of TMK Artrom Slatina (ART.RO) at a price of RON6.0398 per share.