Translator
Radu Bostan
Reporter
- Fields
- Social/Politics, Automotive, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 2.182
May, A Good Month For EU Fund Absorption: EUR253M Entered The Economy
Romania obtained non-reimbursable EU funds worth a total of EUR253 million in May, raising the actual absorption rate to 8.7%, 1.3 percentage points higher than at the end of April. May was...
Doncafe Expects Almost 10% Growth After 2011 Stagnation
Strauss Romania, producer of the Doncafe coffee, forecasts revenue of 232 million lei (about EUR52 million) for this year, up more than 9% compared with 2011, when sales were flat.
Government Eliminates Barriers To Opening Hypermarkets, After EU And IMF Pressure
Romania's Government has repealed a decision issued in 2004 that restricted the opening of large shopping centers, in the wake of pressure from the European Commission and the International...
CFR Gets State Loan To Pay Debts To Energy Suppliers
Romania's Government will give national railway company CFR a loan to pay its debts to the private energy suppliers, a decision taken with the International Monetary Fund's consent.
Unirea Shopping Center 1Q Profit Falls 73% To RON809,000
Romania’s Unirea Shopping Center (SCDM.RO) ended the first quarter of 2012 with sales of 20.46 million lei (EUR4.7 million), up 11.8% on the year, and profit of RON809,000, down 73.7%.
Daas Romania Targets 10% Yearly Sales Growth Until 2015
Daas Romania, supplier of equipment and services for the HoReCa and food retail businesses, plans to increase sales by at least 10% every year for the next four years, reaching a market shar...
Hidroelectrica CEO Replaced With Former CEZ Executive
Dragos Zachia, chief executive officer of Romanian hydropower producer Hidroelectrica, will be replaced by Stefan Gheorghe, a former executive in the CEZ Romania group.
Government Cuts Protocol Spending, Bans Public Institutions From Buying Consultancy Services
Romania's Government has barred public institutions and state-owned companies from buying consultancy and legal assistance services if they already have specialized employees and will force...
Applications For Tourism Investment Aid At EUR285M Last Month, Going Over Budget
Romania's agency for rural development payments (APDRP) received more than 2000 applications between April 17 and May 16 for rural tourism financing through the regional development program...
Oil Price Falls 24% In Three Months, Gasoline Price In Romania Up 2%
No local oil company has announced plans to cut pump prices, despite the drop of the Brent oil barrel below $100 in the past week, to the January 2011 level, and despite the 24% decline reco...
Statistics Data Show Consumption Increase. Analysts’ Opinions Are Mixed
Retail sales – one of the leading indicators of consumption – went up by 3.6% in the first four months compared with the year-earlier period, but they are yet to recoup losses in previous ye...
Tarom In London Court Over Leased Boeing Aircraft
Romanian state-owned airline Tarom is trying to return the last of the three Boeing 737-800s it leased four years ago, but the case has gone to court in London and an unfavorable ruling will...