Translator
Radu Bostan
Reporter
- Fields
- Social/Politics, Automotive, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 2.182
Securities Commission OKs First Local ETF On Bucharest Bourse
Romania's National Securities Commission (CNVM) on Monday authorized a request from investment fund manager Vanguard Asset Management to set up the first Exchange Traded Fund on the Buchares...
Romania To Seek Higher Threshold For Public Procurement Contracts
Romania's Procurement Authority (ANRMAP) will ask the Government to raise the minimum project value at which holding public procurement procedures become mandatory, currently EUR15,000, auth...
Credit Agricole To Remove Emporiki Name From All Romanian Branches By Saturday
Credit Agricole, the second largest French banking group by assets, will replace the Emporiki logo on all the 29 branches of Emporiki Bank Romania by the end of this week. This is part of th...
Romania Needs Investors And Capital, Not Political Battles For All Europe To See
While USL fights to suspend president Traian Basescu, the leu’s fast depreciation continues, absorption of EU funds is catastrophic and foreign investors are becoming nervous.
Railroad Car King Cristi Burci Leaves Industry After Finally Finding Investor For His Factories
The deal whereby railroad car manufacturers Astra Vagoane Arad, Meva SA and Romvag Caracal were sold for EUR30 million comes after more than one year of negotiations and search for investors...
Six BCR Executives Were Paid EUR1.8M Last Year
Six members of the executive team of BCR, the largest bank on the market, received overall compensation of over EUR1.8 million in 2011 as salary before tax, while the performance bonus was z...
Turkey's Kastamonu Sees EUR150m Investment In Reghin As Bridgehead Into The Region
Kastamonu Romania (the former Prolemn) in Reghin (central Romania), controlled by Kastamonu Entegre, one of the leading wood processing companies in Turkey, will complete a EUR150 million in...
Health Ministry Official: Healthcare Financing Might Reach 6% Of GDP In Four Years
Health Ministry state secretary Alexandru Rafila said Monday, in a press conference, that Romania will probably reach the target of 6% of the GDP for healthcare in the next four years.
Ufuk Tandogan Appointed New CEO Of Garanti Romania
Murat Atay, CEO of Garanti Group Romania, has been appointed to the management of Garanti Mortgage Turkey, and will be replaced with Ufuk Tandogan, a banker who has been working in Garanti T...
Only A Handful Of Insurers Still Making Profit
Large insurers have fully felt the impact on the crisis over the last few years and many of them posted two-digit decline of revenue and lost market share to smaller players or to those that...
While Politicians Continue Their Fight, The Economy Takes Losses
As politicians continue their battle that culminated on Friday night with the suspension of Traian Basescu as president of Romania, sending him to face a popular vote on whether to keep him...
Good Signs From Industry And Constructions In May. Energy Consumption Is Down
The turnover and new orders in industry recorded rises in May, as did construction works, while energy consumption remained on the decline, according to data from Romania’s statistics instit...