Translator RO-EN
Oana Gavrila
- Fields
- Banks-Insurance, Companies, Social/Politics
- Writing for ZF since
- 2011
- Articles
- 8.731
Purcari Lowers Management Salaries to Support Lower Income Employees
Winemaker Purcari (WINE.RO) said Tuesday it has contributed RON0.5 million towards a fund dedicated to combating COVID-19 in Moldova and Romania and its management team has accepted salary c...
Sphera Group Says Has Enough Liquidity to Recover after Crisis
Sphera Franchise Group’s consolidated restaurant sales have dropped by approximately 33% on year during the March 1-22 period and by approximately 75% on year during the March 16-22 period,...
Leoni Shuts Down Some of Its Factories, Including One in Romania
German Leoni Group, which manufactures equipment for the auto industry, announced Monday it was closing some of its plants in Europe, North Africa and the Americas, and introducing short-tim...
OMV Petrom Sees 21% Drop in Profit in 2020, to RON2.8B
OMV Petrom (SNP.RO), the biggest company listed on the Bucharest stock market, expects 2020 sales to drop 9% on the year, to RON18 billion, and sees its profit down 21%, to RON2.8 billion, a...
Three-Month Money Market Rate Drops Sharply After Surprise Rate Cut
Romania's three-month ROBOR index, the three-month interbank interest rate used as a reference to calculate interests for consumer loans in lei, dropped to 2.61% a year Monday from 3.24% Fri...
Metro Cash&Carry Says Sales Grew 30% During Coronavirus Pandemic
German retailer Metro Cash&Carry, with 30 stores in Romania, said its sales increased 30% during the coronavirus epidemic, boosted by deliveries.
TeraPlast Joins Main Index on Bucharest Stock Exchange Monday
The Bucharest Stock Exchange on Monday extended its main index, the BET, to 17 companies, by including construction materials producer TeraPlast (TRP.RO).
Leroy Merlin Temporarily Closes All Romanian Stores Starting Monday
French-held DIY retailer Leroy Merlin is temporarily closing all its stores in Romania starting Monday amid measures to curb the spread of coronavirus infections.
Medlife Seeks to Raise and Extend Syndicated Loan Facility to EUR110M
Medlife,the leader of the private medical services market in Romania, seeks to raise a syndicated loan facility contracted in September 2019 to EUR110 million from EUR90 million and to exten...
ING Bank Romania Individual Clients May Postpone Loan Payments for Two Months
ING Bank, the Romanian subsidiary of Dutch group ING, said Tuesday it will allow individual customers with mortgage and consumer loans to postpone loan payments for two months.
Ford Romania Halts Production Due to Coronavirus Pandemic
Ford will be suspending activity at its assembly plant in Craiova, southern Romania, for a number of weeks starting Thursday, March 19, along with its manufacturing sites in continental Euro...
Banca Transilvania To Lower Loan Installments for Companies
Banca Transilvania, Romania's largest lender by assets, announced Tuesday it was implementing measures to support its SME clients whose revenues are affected by the coronavirus pandemic.