Translator
Radu Bostan
Reporter
- Fields
- Social/Politics, Automotive, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 2.182
VP of Capital Market Regulator Earned 80% More In 2011
Carmen Negoita, vicepresident of the National Securities Commission (CNVM), the authority that supervises the capital market, earned 80% more in 2011 - 637,937 lei (EUR151,887), according to...
Turnovers Of DIY Companies Up 9%, But Sales Per Store Are Down 4.5%
The six largest DIY networks on the Romanian market last year recorded cumulated sales of EUR1.038 billion, up 8.7% on the preceding year as seven new stores opened in 2011 and with 2011 bei...
Operators Worried They Might Be Under Audio And Video Surveillance
The operators are worried that they might under be audio and video surveillance without knowing it at the headquarters of the communications market watchdog, ANCOM, in Bucharest. The questio...
Dumagas Transport Sees Turnover At EUR63M This Year
Romanian transport and logistics firm Dumagas Transport expects turnover to exceed EUR63 million this year, from EUR50 million last year, according to IFRS.
BCR Asigurari de Viata To Pay RON15.6M Dividend For 2011
Romanian insurer BCR Asigurari de Viata will pay dividends of 15.6 million lei (EUR3.37 million) for the 2011 financial year.
Government Approves Plan To Sell 20% Stake In Posta Romana
Romania's Government has approved the plan to sell a stake of at least 20% in national postal operator Posta Romana to a strategic investor, through a capital raise, by September 30, as per...
Romania Loses EUR3M As Riverboats Get Stuck On Danube Because Of Drought
The recent drought has made the Danube's level in Romania drop below two meters, leaving riverboats unable to reach the Delta and costing the country more than EUR3 million in tourism revenu...
Hidroelectrica Cancels Deals With Energy Traders
Romanian Prime Minister Victor Ponta said Wednesday that state-owned power producer Hidroelectrica has cancelled all bilateral deals, but people close to the matter told MEDIAFAX that the co...
Renewable Energy Investors Got EUR138M Worth Of Green Certificates In 1H
Renewable energy producers got green certificates worth some EUR138 million in the first six months, which is significantly higher than the about EUR95 million they got for the entire last y...
Leu Depreciation Erodes Profits Of Listed Companies
Most analysts on the capital market believe the serious depreciation of the leu against the main currencies over the last few months will generally have a negative impact on the companies’ r...
Burden Of Euro Loans Becomes Unbearable For The New Exchange Rate Level
Romanians are stifled by euro loans, cut consumption, while companies count their losses. The depreciation of the leu by 7.4% against the euro this year increases the bills of the population...
Sales Over EUR1.1 Million For Each Paul Bakery In 2011
Each Paul bakery sold EUR1.1 million worth last year, which is comparable to the sales of a restaurant in Bucharest, even though a restaurant has tens or even hundreds of indoor and outdoor...