Translator RO-EN
Oana Gavrila
- Fields
- Banks-Insurance, Companies, Social/Politics
- Writing for ZF since
- 2011
- Articles
- 8.731
Transgaz Profit Grows 18% in 1H, to RON231M
Romania's natural gas transmission company Transgaz (TGN.RO) on Thursday reported a net profit of RON231.2 million for the first half of the year, 18% higher compared with the same period in...
JLL: Residential Sales Down 7% in 1H in Bucharest and Ilfov
The impact of the pandemic on the residential market differs by price range but overall sales of new housing declined 7% on the year in the first half of 2020, to around 8,000 units in Bucha...
Allianz-Tiriac Underwritings Decline 1.6% in 1H, to RON688M
Allianz-Tiriac, the second largest insurer on the Romanian market, reported underwritings totaling RON688 million in the first half of 2020, down 1.6% on the year, due to pandemic restrictio...
Auchan and Petrom Target 400 MyAuchan Stores in Filling Stations in Next 5 Years
OMV Petrom, the largest energy company in Southeastern Europe, and Auchan Retail Romania, the subsidiary in Romania of Auchan Retail, one of the largest global groups in food retail, said Th...
Coletaria.ro Teams Up with E-Commerce Platform Gomag
Coletaria.ro, a platform specialized in the shipping and delivery of parcels, part of Czech Packeta group, announced Thursday it has signed a partnership with SilkWeb of Baia Mare, the devel...
Overdue Loan Repayments Drop 8.7% on Year in July
Overdue bank loan repayments grew a slight 0.1% in July compared with June but dropped 8.7% on the year, to RON6.8 billion, central bank data showed.
Sphera Group Posts RON22.3M Loss in 1H Under Covid-19 Impact
Sphera Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands, reported a net loss of RON22.3 million in the first half of 2020 (excluding the impact of IRFS...
MedLife's Dent Estet Clinics in Sibiu Post RON2.4M Turnover in 1H, Up 58%
MedLife's two Dent Estet clinics in Sibiu, for adults and children, recorded a 58% increase in turnover in in the first half of 2020, to RON2.4 million, mainly driven by the clinic for adult...
Romania Budget Gap Widens to 4.7% in January-July
Romania's general consolidated budget posted a deficit of RON49.68 billion in January-July, or 4.7% of the gross domestic product, finance ministry data showed Wednesday.
Fitch: Romanian Pensions and Politics are Key to Fiscal Prospects
The Romanian government's proposed 14% pension increase from September would reduce the challenge of consolidating public finances compared with the previously budgeted 40% increase, Fitch R...
PwC Autofacts: Auto Sales To Drop 24% in Romania in 2020, Seen Rebounding Fast
Romania could see the biggest drop in new auto sales in Central Europe this year, of 24.3%, but the market is seen rebounding quickly to reach pre-crisis levels by 2023, according to the PwC...
Analysts See Leu at 4.95%/Euro in 12 Months, GDP Contraction at 4.4%
Analysts of CFA Romania estimate the Romanian leu will depreciate to an average of 4.95 to the euro in the next 12 months, while inflation is expected to average 2.7% and the country's econo...