Translator RO-EN
Oana Gavrila
- Fields
- Banks-Insurance, Companies, Social/Politics
- Writing for ZF since
- 2011
- Articles
- 8.731
Orange Posts EUR1.1B Turnover in 2019
Telecom operator Orange Romania posted a turnover of EUR1.112 billion in 2019, 1.2% lower compared with 2018, the company said Thursday.
Finance Minister Says Central Bank Could Lower Interest Rates
Romanian finance minister Florin Citu said Thursday the central bank could lower interests as soon as possible if it intends to do so.
Romania Must Negotiate Lowering Its Budget Gap Without Hindering Growth
Romania's finance minister Florin Citu said Thursday the country's budget deficit would go back below the 3% of GDP limit in 2022 and Romania needs to negotiate its deficit lowering speed wi...
Romania's Current Account Gap Widens to EUR10.47B in 2019
Romania's current account balance posted a deficit of EUR10.478 billion in 2019, compared with a deficit of EUR8.86 billion in 2018, central bank data showed Thursday.
EIB Support for Projects in Romania Amounts to EUR865M in 2019
The European Investment Bank Group (EIB Group), comprising the European Investment Bank (EIB) and its subsidiary, the European Investment Fund (EIF), provided EUR865 million of loans, guaran...
Footwear Manufacturer Clujana Exits Insolvency
Romanian footwear manufacturer Clujana, majority owned by the Cluj County Council, has exited insolvency after two years, during which time it managed to pay off RON16 million in debt.
BT Asset Management Cleared to Acquire Pension Fund Certinvest Pensii
BT Asset Management and BT Investments, part of the Banca Transilvania Financial Group, have been cleared by the financial supervisory authority to acquire 100% of Certinvest Pensii, the onl...
Oil Terminal Net Profit Grows Eight Times in 2019, to RON2.4M
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) posted a net profit of RON2.4 million in 2019, eight times higher than in 2018, and its turnover grew 15.1%, to RON168...
Romania's Annual Inflation Rate Slows to 3.6% in January
Romania's annual inflation rate dropped to 3.6% in January from 4% in December 2019, data from the country's statistics board showed Thursday.
Saudi Al-Arrab Cleared to Buy Electroputere Minority Stake
Romanian power transformers producer Electroputere Craiova (EPT.RO) said Wednesday the financial supervisory authority has approved the plan of majority shareholder Al-Arrab Contracting Comp...
Hidroelectrica Seeks Legal Adviser for Future IPO
Romanian state-owned power producer Hidroelectrica has launched procedures to acquire legal services in view of an initial public offering and is prepared to pay EUR700,000 net of VAT.
Euroins Fined RON0.5M For Delaying Insurance Claim Payments
Insurer Euroins, owned by Bulgarian Eurohold group, has been fined RON500,000 by the financial supervision authority over delayed payment of insurance claims to customers, authority vice-pre...