Translator
Radu Bostan
Reporter
- Fields
- Social/Politics, Automotive, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 2.182
Household Bank Deposits Lower In Romania Than In Bulgaria, Hungary Or Poland - Survey
The average value of bank deposits held by Romanians is only EUR1,193, 60% lower than that of Bulgarians, more than twice lower than those of Hungarians or Poles; in Germany, the average val...
AT Kearney: Romanians' Spending On Cigarettes, Alcohol, Food Increased During Crisis
The share of cigarettes, alcohol, food and drink in Romanians' consumption expenses increased during the crisis, while that of furnishings for the home, clothing and communication decreased,...
Hidroelectrica, Oltchim, SNLO, Electrica Furnizare, Romarm - First Companies To Have Private Management
Hidroelectrica, Oltchim, SNLO, Electrica Furnizare and Romarm are the first companies under the authority of the Romanian Economy Ministry to have private management, according to an officia...
Basescu To Visit USA Next Week
Romanian President Traian Basescu will be in Washington, D.C. on September 13, on a working visit to finalize a number of bilateral agreements between Romania and the United States, the Pres...
BCR Revises Romanian GDP Growth Forecast To 1.4% In 2011, 2.9% in 2012
Romanian bank BCR has revised its economic growth forecast for this year and the next, downward to 1.4% and 2.9%, respectively, below government and IMF projections, because of the high risk...
BNR Official: Romania Can Bring Inflation Close To Eurozone Level
Romania has the "historic chance" to reduce inflation to below 3% in the next few years, as long as the central bank's monetary policy is "firmly" supported by the fiscal and wage policies,...
BNR Official: Budget Gap To Miss 2012 Target, Even In Best-Case Scenario
Romania's budget deficit next year will exceed the target of 3% of GDP, even in an optimistic scenario in which the economy would grow by 4%, says central bank chief-economist Valentin Lazea...
Romania's 2012 GDP Growth Forecast Might Be Revised To 2.5%, From 3.5-4%
Romania's estimate for economic growth in 2012 might have to be significantly revised downward, to 2.5% from the current 3.5-4%, given the international context and the weaker "traction" of...
CFR SA's 2011 Loss Reduced To Less Than Half In Revised Budget
Romania's Transport Ministry wants to revise the 2011 budget of state railway company CFR SA, reducing its losses to less than half the initial estimate, i.e. to 350 million lei (EUR82 milli...
Tarom's Investment Budget Reduced 70%, To RON65M
The revised budget of Romanian state airline Tarom reduces its investment finances by 70% compared to the value approved earlier in the year, down to 65 million lei (EUR15 million) from RON1...
Romania To Raise Subsidy For CFR Calatori By 34%
Romania's Transport Ministry will ask the Government to increase the subsidy provided to state-owned railway company CFR Calatori by 34.3% compared to the value approved in April, to 1.37 bi...
CFR Marfa's 2011 Loss More Than Doubles, To RON192M
The losses of state-owned railway company CFR Marfa will increase 2.3 times this year, to 192 million lei (EUR45 million) from RON81.2 million, because the Government has not raised its capi...