Translator
Radu Bostan
Reporter
- Fields
- Social/Politics, Automotive, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 2.182
Romania's New Economy Minister Presents Priorities
Romania's new Economy Minister Lucian Bode said Friday that his priorities include simplifying legislation, the privatization of certain companies, EU fund absorption and developing new indu...
Romanian Sibiu-Pitesti Highway To Be Built With EU Funds
Romania's Transport Ministry has given up trying to finance the construction of the Sibiu-Pitesti highway through public-private partnership, announcing the project will attract European fun...
Nightmarish Week For Energy: Wind Turbines Disconnected From System, Damages Of Millions Of Euros
Wind farms have been disconnected from the system, distributors have suffered millions of euros in damages and 50,000 residents in small towns have been left in the dark.
Export Growth Slows To A Halt In December
Romanian companies exported a record EUR45 billion in 2011, 20% more than the previous year. Yet shipments abroad showed signs of a slowdown in the last quarter.
Stock Market Rally Catches Fund Managers By Surprise
The market rally at the beginning of this year was so surprising that even managers of equity funds had not seen it coming. As a result, the most profitable mutual funds were those less acti...
Pharmaceutical Market Overshoots EUR2.5B Mark
The Romanian pharmaceutical market reached EUR2.55 billion in 2011, up 11.5% on the year, according to market research company Cegedim. Sales of drugs rose by almost 30% in the fourth quarte...
Erste: We Will Favor Lending In Lei
Erste Group and its local subsidiary, BCR, will continue to finance the Romanian economy, and will give priority to new leu-denominated loans, while keeping a conservative approach to foreig...
Insurer ING Asigurari De Viata 9-Mo Underwritten Premiums Up 0.8% To RON407.5M
Romanian insurer ING Asigurari de Viata underwrote premiums of 554.4 million lei (EUR127.2 million) last year, up 2% compared with 2010, while its gross profit dropped by 62% to RON17.8 mill...
ANCOM Lays Ground For Entry Of Mobile Virtual Operators
Romania's telecom regulator ANCOM on Thursday presented a guide on mobile virtual network operators (MVNO), judging that their entry would make the use of existing mobile infrastructure more...
IMF Asks Romania To Begin Downsizing At Postal Operator; At Least 600 Layoffs Expected
Romanian state postal company Posta Romana will lay off at least 600 employees by the end of March and will continue to downsize its network, closing more than 135 offices, as per the agreem...
IMF Urges Romania To Renegotiate Costly Contract For Rundown Rail Line
The International Monetary Fund has charged Romania's Government to renegotiate the contract for the Valcea-Valcele railway line, whose value has risen four times after it was unilaterally s...
Environment Minister Nominee Laszlo Borbely Endorsed By Parliament Committees
Romanian Environment Minister nominee Laszlo Borbely (UDMR) on Wednesday was unanimously endorsed by the Parliament's committees for public administration and for agriculture.