Translator
Radu Bostan
Reporter
- Fields
- Social/Politics, Automotive, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 2.182
Foreign Funds Now Own More Than 50% In Fondul Proprietatea
Foreign institutional investors did not stop buying into Fondul Proprietatea (FP.RO) after Hidroelectrica, in which it holds a stake, went insolvent. They went past 50% in the largest invest...
Analysts See Inflation At 3.7% By Yearend
The increase in consumer prices in June will be 2.1% and the annual inflation rate will go up to 3.7%. These are the estimates of the Association of Financial-Banking Analysts of Romania.
Samsung Romania’s Turnover Up 63% In 2011 To EUR361M
The Romanian subsidiary of Samsung last year posted turnover of EUR361 million, up 63% on the preceding year, shows data obtained by ZF from the Trade Registry. The net profit reported by th...
Benetton Makes EUR150m From Manufacturing Operations In Romania
Italian fashion group Benetton, owner of such brands as United Colors of Benetton and Sisley, sees Romania as a manufacturing market rather than a retail market.
Each Employee Of OMV Petrom Gas Brought Over EUR700,000 In Profit In 2011
Each employee of OMV Petrom Gas, Alpiq RomEnergie and British Tobacco brought their companies net profit ranging between EUR250,000 and EUR722,000 in 2011, these being the most profitable em...
Capital Economics: Euro Zone Crisis Is Main Concern To Romania's Economy
The crisis in the euro zone is the biggest concern to Romania's economy at the moment, said William Jackson, analyst with Capital Economics, who pointed out that the local financial market h...
Romanian Public Institutions Spent Over RON150M On Legal Services In 2009-2012
Romanian public institutions and state-owned companies spent over 150 million lei (EUR33 million) on legal services between 2009 and May 31, 2012, during the democrat liberal administration,...
President Basescu Suspended By Parliament, Referendum on July 29
Romanian President Traian Basescu has been suspended by Parliament with 258 votes in favor, more than the necessary 217 votes. A referendum on whether or not to impeach Basescu will be held...
Sweden's Usitall Might Invest Up To EUR400M In Two Power Plants In Romania
Swedish waste-to-energy developer Usitall is considering an investment of EUR200-400 million in Romania to build two power plants, in Bucharest and Galati.
Romanian Businesspeople Expect The Leu's Depreciation To Bring Higher Prices, Lower Consumption
The Romanian leu's depreciation will raise the prices of imported products like food and clothing, as well as the cost of trips abroad, driving consumption down and possibly resulting in lay...
SNLO Made Unlawful Payments, Causing Losses To State Budget In 2009-2011
The management of Romanian state-owned mining company SNLO has caused significant losses for the state budget, through unlawful spending in 2009-2011, including paying for bogus projects and...
Head Of Postal Company: My Priority Was To Remove The Risk Of Insolvency By Cutting Unproductive Spending
State-run postal company Posta Romana is one step away from insolvency unless it goes through a deep restructuring of its activity, after it cumulated losses of EUR72 million in 2008-2010 an...