Translator RO-EN
Oana Gavrila
- Fields
- Banks-Insurance, Companies, Social/Politics
- Writing for ZF since
- 2011
- Articles
- 8.731
Vascar Invests EUR1M in Factory Upgrade
Vascar Vaslui, one of the leading cold cuts and canned food producers in Romania, said it was investing EUR1 million in upgrading production lines at its factory in Vaslui and launching a ne...
Wallberg Starts Second Stage of XCity Towers Timisoara
Real estate developer Wallberg, active in Timisoara, Arad and Brasov, said Tuesday it has secured EUR7.3 million financing from Garanti Bank to start work on the second stage of the XCity To...
Romania's Forex Reserves Decline to EUR35.768B in August
Romania's foreign exchange reserves dropped to EUR35.768 billion at the end of August from EUR36.249 billion at the end of July, central bank data showed Tuesday.
Insolvent Romcab Reduces Loss in 1H after 121% Revenue Growth
Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO, suspended from trading), said Tuesday its revenues grew 121% on the year in the first half of 2020, to RON391.4 mil...
Vrancart Net Profit Falls 60% in 1H, to RON4.2M
Cardboard and toilet paper manufacturer Vrancart Adjud (VNC.RO) said Monday its net profit dropped 60% on the year in the first half of 2002, to RON4.2 million.
Electrica Buys Stanesti Solar Farm in Southern Romania for EUR1.6M
Electrica Furnizare S.A., part of state-owned utility group Electrica, said said Monday it has completed the acquisition of Stanesti Photovoltaic Farm in Giurgiu county from Raylexo Limited...
TeraPlast Gets Shareholders' Approval to Sell Steel Division
Shareholders of TeraPlast Bistrita (TRP.RO) on Monday agreed to sell the company's stakes in group divisions TeraSteel and Wetterbest to Kingspan.
Argus Constanta Profit Grows 25% in 1H, to RON3.9M
Vegetable oil producer Argus Constanta (UARG.RO) said Monday its net profit grew 25% on the year in the first six months, to RON3.91 million, while its turnover declined 10%, to RON93 millio...
OMV Petrom Enters Han-Asparuh Exploration License Offshore Bulgaria
OMV Petrom (SNP.RO), the largest energy company in Southeastern Europe, said Monday it has completed the transaction for the acquisition of 100% of the shares in OMV Offshore Bulgaria GmbH f...
Signal Iduna Posts 44% Growth in Underwritings in 1H, to RON57M
The local division of German insurer Signal Iduna, operating on the life insurance market, reported underwritings of over RON57 million in the first half of 2020, up 44% on the year.
Antitrust Watchdog Looks into OMV Petrom Outsourcing Deal
Romania's antitrust body said Monday it was looking into a deal whereby oil and gas company OMV Petrom (SNP.RO) seeks to outsource operations and services to J. Christof E&P Services SRL and...
Compa Sibiu Posts RON4M Loss in 1H Under Pandemic Impact
Car parts manufacturer Compa Sibiu (CMP.RO) on Friday reported a turnover of RON235.5 million in the first half of 2020, down 40% on the year, and recorded a net loss of RON4 million.