Translator
Radu Bostan
Reporter
- Fields
- Social/Politics, Automotive, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 2.182
CEZ Distributie To Upgrade Craiova Transformer Station For EUR5.7M
CEZ Distributie, part of Czech utilities group CEZ, will invest EUR5.7 million to upgrade the largest transformer station in Craiova, southern Romania.
Absorption Target For 2012 Of EUR3B In EU Funds Is Officially Missed
The European Commission sent refunds worth EUR96 million to Romania in July, these being the last funds that the EU has sent into the local economy until the European officials finalize thei...
Romanian Agriculture After Five Years Of EU Funds: 2.5M-Ton Silos, 9,000 Tractors And 25% More Fertilizer
Romanian farmers have received almost EUR4 billion for investment projects in the six years the EU has been pumping funds into agriculture. But what is the actual impact of these funds on ag...
Advent To Make Discreet Exit From Labormed
International private equity firm Advent International is preparing a discreet exit from Labormed in a complex process, which will in a first stage involve handing over its stake to individu...
Turnover Of Nelu Iordache’s Air Taxi Company Plunges 50%
Demand for air taxi services fell 50% as some of the businesspeople and managers of large companies stopped going to meetings with rented helicopters, which cost no less than EUR800 per hour...
Leonardo Bets On EUR60M Turnover, Expects To Cut Losses In Half
Leonardo, the largest Romanian footwear retailer, which went insolvent in the second half of 2009, hopes to cut its losses in half this year against 2011, when they amounted to EUR6.3 millio...
Banca Romaneasca To Become Majority Shareholder Of NBG Leasing
Banca Romaneasca will take over 93.57% of the stock of NBG Leasing, replacing National Bank of Greece as majority stakeholder, following a successive reduction and increase of capital to 15....
Rus Savitar To Invest RON23M In Factory Expansion, With EU Co-Financing
Romanian furniture maker Rus Savitar will invest 23.5 million lei (EUR5.18 million) to upgrade and expand its upholstered product factory in Timisoara, a project that will receive co-financi...
Hidroelectrica Won't Beat Insolvency Any Time Soon - Administrator
Romanian power producer Hidroelectrica cannot recover from insolvency this year, but more likely in June 2013, said Remus Borza, general manager of the state-owned company's legal administra...
Teraplast 1H Loss Shrinks 22% To RON3.8M
Romanian construction systems maker Teraplast (TRP.RO) reported turnover of 98.52 million lei (EUR22.4 million) in the first semester of 2012, and losses of RON3.86 million, 22% lower on the...
Azomures 1H Turnover Up 14% To Almost RON1B
Romanian chemical fertilizer maker Azomures (AZO.RO) on Friday announced its turnover increased by 14% in the first semester, to 995.1 million lei (EUR226.6 million), while its profit climbe...
Ropharma 1H Profit Down 41%
Romanian generic drugs wholesaler Ropharma Brașov (RPH.RO) Friday announced sales of 207.48 million lei (EUR47.2 million) in the first six months, up 10% on the year, and profit of RON4.38 m...