Translator RO-EN
Oana Gavrila
- Fields
- Banks-Insurance, Companies, Social/Politics
- Writing for ZF since
- 2011
- Articles
- 8.731
Romanian Factoring Market Stable at EUR5B in 2020
The Romanian factoring market reached EUR5 billion in 2020, stable compared with 2019, the Romanian Factoring Association (ARF) said Wednesday.
Raiffeisen Bank Profit Drops 17% in 2020, to RON644M
Lender Raiffeisen Bank, the local division of Austria’s Raiffeisen Bank Group, reported a a net profit of RON644 million for 2020, 17% lower than in 2019, under the impact of the pandemic an...
Bucharest Stock Market's Main Index Hits All-Time High at 10,844 Points
The Bucharest capital market, promoted to emerging market status in September last year by FTSE Russell, hit an all-time high on Tuesday as its main index, BET, broke the previous record of...
Fashion Platform Zalando Seeks to Expand to Romania, Hungary in 2022
European fashion platform Zalando plans to expand to Romania and Hungary in 2022, after tapping new markets in Croatia, Estonia, Latvia, Lithuania, Slovakia and Slovenia in 2021.
Oresa Buys Solo Iasi Industrial Park in Northeast Romania
Investment fund Oresa has completed the acquisition of the Solo Iasi industrial and logistics park from tester group, owned by Bogdan Pitigoi, marking the fund's entry on the local real esta...
Pillar II Pension Fund Assets Drop by RON470M in February
The seven private pension funds operating on the mandatory segment in Romania (Pillar II) had assets of RON77.1 billion in February, RON470 million less than in February, breaking a 10-month...
Auchan, Decathlon Test Shop in Shop Concept in Romania
French retail groups Auchan and Decathlon will be testing their shop in shop concept in Romania, as Decathlon will sell some of its products in dedicated areas within Auchan hypermarkets.
Liberty Galati Says It Has Adequate Funding for Current Needs
Steel mill Liberty Galati said Tuesday it has the funds to cover the plant's current needs although the insolvency of investment fund Greensill, the main lender to its parent group, was “cha...
Romanian Central Bank Raises 2021 Inflation Forecast to 3.4%
Romania's central bank has revised its inflation forecast for the end of 2021 to 3.4% from a previous projection of 2.5%, it said in its March Inflation Report released Tuesday.
Romania Posts Current Account Deficit of EUR239M in January
Romania's current account balance posted a deficit of EUR239 million in January, compared with a deficit of EUR377 million in January 2020, central bank data showed Tuesday.
Nuclearelectrica Seeks to Distribute RON472M as Dividends
Romania's nuclear power producer Nuclearelectrica (SNN.RO), which operates the country's sole nuclear power plant, plans to distribute dividends totaling RON472 million from its 2020 profit.
Romanian Central Bank Leaves Key Rate Unchanged at 1.25%
Romania's central bank on Monday decided to hold the benchmark interest rate at a record low of 1.25% a year, as inflation spiked above 3% since the beginning of the year on higher energy pr...