Translator RO-EN
Oana Gavrila
- Fields
- Banks-Insurance, Companies, Social/Politics
- Writing for ZF since
- 2011
- Articles
- 8.731
Romanian Insurance Market Seen Stagnating Or Growing Slightly This Year
Romania’s insurance market will stagnate or register a slight growth this year, as it is still coping with the effects of the financial crisis of the past three years, Mariana Diaconescu, CE...
Banca Transilvania Buys Back Millions Of Shares For Managers
Banca Transilvania (TLV.RO) has bought back 1.3 million of its own shares since the beginning of the year, paying 1.17 million lei (EUR272,000). The shares will be paid to employees and mana...
Danske Bank: Romanian Central Bank Is Well Aware Of Economy’s Weak Growth
The Romanian central bank (BNR) will cut its key interest rate by a further quarter of a percentage point at Thursday’s monetary policy meeting, considering that the Romanian economy needs s...
Investment Funds In Fierce Competition With Banks Over Savings In 2012
Raiffeisen Asset Management, with over EUR650 million in assets under management, estimates its assets will increase by several tens of million of euros this year, because of fierce competit...
Romania Accepts EU Deficit Rules On Condition Of Being Allowed At Eurozone Member Talks
President Traian Basescu announced last night, before leaving for the European Union summit, whose main agenda is to reach agreement on deficit rules in the European Union, that Bucharest wi...
IMF Cuts Romania’s Economic Growth Forecast To 1.3%
The International Monetary Fund (IMF), which currently has one of the most optimistic forecasts for Romania’s economic growth this year, 1.8% to 2.3%, is getting ready to lower its estimates...
Gorenje Opens Online Store, Expects To Rake In EUR1M In Sales
Slovenian home appliances maker Gorenje, which has been operating in Romania for almost a decade now, opened an online store about a month ago, and expects it to generate EUR0.5-EUR1 million...
Microsoft Hired 90 People For Bucharest Tech Support Center In 2011, Set To Recruit More This Year
U.S. software giant Microsoft recruited 90 people for its technical support center in Bucharest last year. Employees at this center provide technical support to international customers, Adin...
January: Good For Furniture Industry And Private Clinics, Uncertain For Retail, Weak For Restaurants
The street protests of the past couple of weeks and the bad weather have been felt in companies’ accounts, but only for a few days, without significantly affecting full-month results.
Most Active Real Estate Investor Bet EUR250M On Romania During Crisis
The most active real estate investor in the last three years, South-African investment fund NEPI (New Europe Property Investments), bet EUR250 million on Romania at a time when many foreign...
Romania To Secure Credit Lines Everywhere In Case Eurozone Derails – President
Romania is securing credit lines at the World Bank, the European Union, and “wherever” to have a fallback in case things take a turn for the worst in the eurozone, President Traian Basescu t...
Romania Has No Alarming Industry Relocation Problems, President Says
Europe has economic growth and unemployment problems because of major relocation of manufacturing industries to Asia but the issue is not alarming in Romania’s case, Romanian president Traia...