Translator RO-EN
Oana Gavrila
- Fields
- Banks-Insurance, Companies, Social/Politics
- Writing for ZF since
- 2011
- Articles
- 8.731
Romanian Government Revises 2020 Budget Gap Target to 8.6% from 6.7%
Romania's government has revised its budget deficit target for 2020 to 8.6% of the gross domestic product from a previous projection of 6.7% of GDP, finance minister Florin Citu told a news...
UniCredit Group Posts EUR62M Profit in Romania in 1H, Down 18%
Italy's UniCredit Group, which owns the fifth largest bank in Romania by assets, reported a consolidated net profit of EUR62 million in Romania for the first half of 202, down 18% compared w...
Electrica Net Profit Grows 74% in 1H, to RON189M
Romanian state-owned energy utility group Electrica (EL.RO) posted revenues of RON3.2 billion in the first half of 2020, up 3.2% on the year, and a net profit of RON189 million, up 74% on th...
Rompetrol Rafinare Loss Triples in 1H, to RON592M
Rompetrol Rafinare (RRC.RO), part of KMG International and 44.6% owned by the Romanian state, posted a net loss of RON592 million in the first half of 2020, compared with a loss of RON138 mi...
Nuclearelectrica Net Profit Grows 80% in 2Q, to RON128M
Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO) on Friday reported a net profit of RON128 million for the second quarter of 2020, up 80.3% compared with RON71 million...
Banca Transilvania Net Profit Down 28% in 1H, to RON607.4M
Banca Transilvania (TLV.RO), Romania's largest lender by assets, said Friday its net profit declined 28% in the first half of the year, to RON607.4 million.
Romania's GDP Falls 10.5% on Year in 2Q/2020
Romania's gross domestic product took an annual plunge of 10.5% in the second quarter after unexpected annual growth of 2.4% in the first quarter, a flash estimate from the country’s statist...
CBRE: Property Investments in Romania Total EUR395M in 1H, 88% Are Offices
Romania’s property investment volume in the first half of 20202 amounted to EUR395 million, 17% higher on the year, and offices accounted for 88% of traded volume, real estate consultancy co...
Romanians Spent 70% Less on Vacations Abroad in 2Q/2020
Romanians spent just EUR328 million on vacations abroad in April-June this year, 70% less compared with EUR1.2 billion, under the impact of the coronavirus pandemic on the travel industry.
Romania Posts Current Account Deficit of EUR3.497B in 1H/2020
Romania's current account balance posted a deficit EUR3.497 billion in January-June, compared with a deficit of EUR4.373 billion in the same period in 2019, central bank data showed Thursday...
Agroland Opens EUR150,000 Store in Timisoara
Agroland Business System, a company developed by entrepreneur Horia Cardos, which owns a chain of supermarkets catering to farmers, has opened a supermarket in Timisoara following an investm...
eMAG Invests EUR90M in New Logistics Center on A1 Highway
eMAG, the leading online retailer in Romania, said Thursday it will invest EUR90 million in a new logistics center at km 19 of the A1 highway that will stretch onto 130,000 square meters and...