Translator
Radu Bostan
Reporter
- Fields
- Social/Politics, Automotive, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 2.182
BNR: Greek Banks Have Enough Cash And Government Paper To Meet Their Obligations
Greek-held banks in Romania have a solvency ratio that is two percentage points above the banking system average, their obligations are well covered in cash and government paper and the shar...
Bancpost CEO Peter Weiss Leaves Bank After 18 Months
Peter Weiss, the Dutch executive who took the position of chief executive officer of Bancpost in early 2011, will leave the bank.
Insurers Still Pessimistic, Expect Market Stagnation In 2012
The insurance market's balance and revenue stabilized at half a billion euros three months into the year, after three years of decline, the market's players will not say that the worst is be...
Electrocarbon Plans RON18M Capital Hike
Romanian industrial electrodes maker Electrocarbon Slatina (ELNG.RO) wants to increase its share capital by 18 million lei (EUR4.03 million), from RON44.8 million to RON62.8 million, through...
GEFCO Romania Expects 20% Higher Deliveries On Appliances Segment
Transport and logistics company GEFCO Romania expects deliveries of household appliances to increase by 20% this year, from EUR3.5 million in 2011 to EUR4.2 million.
Software Distributor Deveho Eyes EUR200,000 This Year From Sales Of Licenses, Services
Deveho Software Consulting SRL this year plans to complete three projects for the implementation of business software solution ERP X3, developed by French group Sage, and obtain revenue of E...
Romania, Jittery As It Awaits Greek Government’s EUR18B Injection Into Banks
The strong local presence of Greek-held banks raises tough questions for Romania. Who will be able to replace the financing and how will they do it? The Greek banks are awaiting impatiently...
Fondul Proprietatea Brings Foreign Money To Stock Exchange, But Fails To Attract Local Investors
Foreign investment funds brought over $500 million to the Romanian stock exchange in investments in Fondul Proprietatea (FP.RO) shares since the fund’s listing in January 2011. However, the...
Stirom 1Q Profit Down 68.3% To RON1.65M
Romanian glass container producer Stirom Bucharest (STIB.RO) reported profit of 1.65 million lei (EUR380,000) in the first quarter of 2012, down 68.3% on the year, and sales of RON38.45 mill...
One Third Of Romanians Expect To Be Worse Off In 2013 – Survey
Over 40% of Romania's general public and more than 36% of local authority officials say they are worse off than last year, and one third of the public expect things to get worse next year, s...
Romanian Parliament Adopts Bill On Single-Winner General Elections
Romania's Chamber of Deputies on Tuesday adopted a bill introducing a single-winner first-past-the-post system in general elections, while eliminating the election threshold.
Romania To Reduce Subsidy For Farmers With Debts To Agency Of State Domains
Romania's Government plans to reduce the subsidies provided to farmers with debts to the Agency of State Domains (ADS), rather than wait to recoup the 100 million lei (EUR22.5 million) liabi...