Translator
Radu Bostan
Reporter
- Fields
- Social/Politics, Automotive, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 2.182
Basic Healthcare Package Won't Cover Minor Illness
The basic package under Romania's new healthcare law will no longer cover minor illnesses, but mainly major risks and serious disease, and the system will receive extra funding from mandator...
Central Bank Governor Reluctant To Comment On Political Situation
Mugur Isarescu, the governor of the National Bank of Romania (BNR), on Thursday was very reluctant to comment the situation on the local political scene, which is keeping the leu under press...
Conservative Strategy Pays Off As Money Market And Bond Funds Beat Bank Deposits
Money market and bond funds have been the most profitable funds in the past year, with yields of up to 8%, while equity funds, which subject investors to a high risk, posted losses because o...
LEM'S Network Sales Up 21% In 1H To RON70M
The sales of retail network LEM'S, operated by Romanian furniture maker Lemet Campina, grew by 21% in the first half of the year, to 70.2 million lei (EUR15.5 million) and might reach RON200...
New Owners Of Rail Car Producer Astra Will Invest EUR10M In Upgrades In First Year
German investor Thomas Manns, who has bought Romanian railroad car manufacturers Astra Vagoane Marfa, Meva and Romvag, will invest up to EUR10 million in upgrades in the first year and will...
Paying VAT After Invoices Are Cashed Is A Breath Of Fresh Air For Companies, But IMF And EU Consent Is Necessary
Payment of VAT when invoices are paid, not when they are issued, for companies with turnovers of up to EUR500,000, would be beneficial for companies with liquidity problems and could help ec...
Kaufland Opens Hypermarket On Former Plastic Plant Munplast’s Site
Retailer Kaufland, which operates a 75 discount hypermarket network in Romania, has bought part of the land where the Munplast plastics plant used to be, said Maricel Diaconu, one of the ind...
Furniture Market Down 20%, Manufacturers Look For Growth Abroad
The domestic furniture market fell 20% in the first three months of this year to EUR122 million, according to the data of the Romanian Furniture Manufacturers’ Association (APMR). Export ros...
TotalSoft Eyes EUR3M Revenue From Mobile Solutions By End-2014
Romanian software developer TotalSoft estimates that its mobile device component and application line will generate revenues of EUR3 million by the end of 2014, with a 30% profitability rate...
Hidroelectrica Administrator: We Are Preparing For Force Majeure
Romania’s largest insolvency, that of energy producer Hidroelectrica, is proving an increasingly tough mission, since the company could again use the force majeure clause because of the drou...
Eureko Calls It Quits After EUR30m Losses In Eight Years In Romania
Insurance giant Eureko plans to leave Romania early next year after having invested tens of millions of euros in its local subsidiary to offset its losses year after year, sources in the ind...
Acer: PC Market Stagnated In Q2 Because Of Price Decline
Computer sales in the second quarter of this year stagnated at the level of the second quarter of 2011, in terms of number of units. Prices, however, witnessed a significant decline, Bogdan...