Translator RO-EN
Oana Gavrila
- Fields
- Banks-Insurance, Companies, Social/Politics
- Writing for ZF since
- 2011
- Articles
- 8.731
Pension Funds Allowed to Invest Over 70% in State Paper for One Year
Private pension funds may invest in treasury bonds above the current 70% threshold for one year, financial watchdog vice-president Dan Armeanu announced Wednesday.
Wetterbest Opens RON45M Factory in Prahova County
Metallic roofing manufacturer Wetterbest, part of construction material manufacturer TeraPlast Group, on Wednesday opened a new factory in Baicoi, Prahova county.
Romania to Help Consumers Postpone Loan Repayments for 9 Months
Romania's government is set to adopt an emergency decree Thursday to allow banks to postpone loan repayments for all types of loans for nine months, finance minister Florin Citu said Wednesd...
Black Sea Trade Bank To Refocus EUR900M To Assist Pandemic—Hit Sectors
The Black Sea Trade and Development Bank said in a statement it intends to refocus its financing of approximately EUR900 million, planned for new operations in 2020, to assist the sectors an...
Romanian Financial Watchdog Lowers Taxers and Fees by 25%
Romania's financial supervisory authority decided in a meeting Tuesday to lower by 25% all taxes, commissions and fees owed by supervised and regulated entities.
Romania Suspends Flights To and From France, Germany for Two Weeks
Romania will be suspending all commercial flights to and from France and Germany for a 14-day period starting Wednesday night, interior minister Marcel Vela announced late Tuesday.
DB Global Technology Moves Activity Online, Seeks to Hire 100 IT Specialists
DB Global Technology, Deutsche Bank's tech center in Bucharest, is temporarily moving all its operations online due to the coronavirus pandemic and is currently seeking to hire 100 more IT s...
Romania Private Lending Grows 0.5% on Month in February
Private lending in Romania grew 0.5% in nominal terms and 0.3% in real terms in February compared with January, to RON271.057 billion, central bank data showed Tuesday.
Wizz Air Suspends Operations in Timisoara, Craiova, Sibiu Until May 1
Airliner Wizz Air said Tuesday it will be suspending all operations at its bases in Timisoara, Craiova and Sibiu from March 25 to May 1 following restrictions banning foreigners from enterin...
Colliers: Bucharest's Service-Based Economy Relatively Shielded from Pandemic
Bucharest is among the service hubs in Europe most shielded from the negative effects of the coronavirus pandemic and its office market is expected to be less affected or recover more quickl...
Libra Bank Raises EUR4.29M From Bond Sale
Lender Libra Internet Bank said Tuesday it has raised EUR4.29 million in a private placement bond sale launched on March 17, well below its targeted EUR10 million.
Chimcomplex Starts Producing Disinfectant Biocides
Chemical producer Chimcomplex Borzesti, which bought a large chunk of Oltchim's assets, said Tuesday it has been authorized by the health ministry to manufacture biocidal disinfectant to hel...