Translator
Radu Bostan
Reporter
- Fields
- Social/Politics, Automotive, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 2.182
Deloitte Study: Romania Has 37 Companies In Regional Top 500
Romania has 37 companies in the Central European top 500 by turnover in 2011, according to a study by Deloitte.
Green Energy Projects Now The Size Of The Two Nuclear Reactors
Romania now has green energy projects the size of the two Cernavoda nuclear reactors, after investments of over EUR2 billion.
Bucharest Beltway Runs Out Of Cash
The Bucharest beltway, which should have been the main commercial route of the economic operators doing business in Bucharest, got only EUR3 million after the 2012 budget revision. That happ...
Officer Within Interior Ministry Earns Twice As Much As The Minister
The biggest salary of a public sector employee is 11,248 lei (around EUR2,500) and is earned by a general manager within the Ministry of External Affairs. The employee earned 1.7 times more...
Lidl And Penny, The Only Two Retailers Left To Fight Price Battle
Lidl and Penny Market, the only two companies left on the local discount retail market, will have over 300 stores by yearend, 45 more than at the beginning of 2012. The two networks, which o...
Sarantis Romania 1H Revenue Down 8.8% To EUR15.8M
Greek group Sarantis, owner of cosmetics producer Elmiplant, announced its revenues from Romanian operations dropped by 8.8% in the first half of 2012, to EUR15.8 million, from EUR17.35 mill...
Hidroelectrica Cancels Loss-Making Deal With Paroseni Thermal Plant
Euro Insol, the administrator of Romanian state-owned power producer Hidroelectrica, has cancelled a contract for the purchase of energy from the Paroseni thermal plant, which cost the insol...
Iraq Highway Contract Gives Slight Boost To Delta ACM Revenue, Profit Down
Florea Diaconu, the businessman who owns Bucharest-based construction company Delta ACM 93, expects revenue to increase slightly this year, mainly because of a contract to build a highway in...
Finance Ministry: Budget Revenue Down To 32.3% Of GDP
The share of budget revenues in the gross domestic product has been adjusted as part of the budget revision from 33.9% to 32.3%, according to information sent by the Finance Ministry.
Bucharest Stock Exchange Barely Alive, With Transactions Of EUR1M Per Day
“What good is the Romanian stock exchange?” is the natural question that anyone asks after Tuesday’s trading session, when over the course of seven hours, stocks worth just EUR1 million were...
Ardaf Brand Dropped After Sixteen-Year History
Generali, a top ten company on the insurance market, will stop selling policies under the Ardaf brand and will use one network branded as Generali. It also plans to close a number of branche...
Mutual Funds Betting On Euro Attract Wealthiest Retail Investors
Romanians set 5.3 billion (EUR1.2 billion) aside for investments in mutual funds. The richest of them chose euro-denominated mutual funds, while those with less money were more willing to ta...