Translator
Radu Bostan
Reporter
- Fields
- Social/Politics, Automotive, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 2.182
Romania Signs RON180M Contract To Upgrade Transelectrica Station
Romanian Economy Minister Daniel Chitoiu on Tuesday signed a contract for non-refundable financing for a project to upgrade a station run by national power grid operator Transelectrica, thro...
Hidroelectrica's Insolvency Is Only Means To Reorganization, Not Bankruptcy – Chairman
The insolvency of Hidroelectrica, Romania's largest power producer, will not end in the company's bankruptcy but its reorganization, which will last 16-18 months and will not entail the sale...
Smart SA Expects Profit To Remain Flat On Year In 2012
Smart SA, the infrastructure maintenance unit of Romanian state-owned power grid operator Transelectrica, plans to keep turnover and profit at the values reported last year, 185 million lei...
Alfredo To Invest EUR6M In Production Facility Near Bucharest
Romanian food distributor Alfredo will invest more than EUR6 million in a production, storage and packaging facility in Afumati, Ilfov county, Tuesday said Cristian Darmanescu, one of the co...
High Car Insurance Claims Drive Omniasig To EUR41M Loss
Omniasig, a company controlled by Vienna Insurance Group (VIG), posted a loss of 181 million lei (EUR41 million) last year because of the surge in car policy claims. 2011 was the first year...
Burger King Closes Up Shop In Romania
Atlantic Restaurant System, the operator of the Burger King franchise in Romania, has gone insolvent and closed three restaurants. The fast-food chain now has two restaurants left, which it...
How Can Romania Turn Bucharest, Cluj Or Iasi Into Its Own Silicon Valley?
Financing a national IT entrepreneurship program, an aggressive marketing campaign for the Romanian IT industry abroad and certification for current employees. These are the main steps that...
Hidroelectrica Board Members Surprised By Request For Insolvency
Although Romanian hydropower producer Hidroelectrica has requested the start of insolvency proceedings, two of the five members of the company's board say they did not attend the meeting whe...
Private Pension Funds' Net Assets Up 2.1% In May, To RON8.17B
Romania's mandatory (Pillar II) and voluntary (Pillar III) private pension funds reported net assets worth 8.17 billion lei (EUR1.83 billion) at the end of May, up 2.15% on the month, accord...
New Car Tax Should Consider Households' Low Income - Minister
Romania's Environment Minister Rovana Plumb said Monday she has told the government workgroup in charge of reanalyzing the car pollution tax that there are six million people on the brink of...
Energy Investments Are Stuck Because Romanian State Does Not See Sector As Priority - Report
Private investment into energy production is in deadlock in Romania because reforms in this sector ceased in 2004 and the Government does not consider energy an essential infrastructure comp...
Dacia Logan Sales Rebound Outside European Union
The Logan and Sandero models sporting Euro 4 engines and exported outside the European Union are the “surprise” source of growth for the production of Romanian carmaker Dacia this year, afte...