Reporter
Răzvan Botea
- Fields
- Companies, Macroeconomics, Analysis
- Writing for ZF since
- 2021
- Articles
- 27
Liberty Galati Enters Agreement with Creditors To Stabilize Its Business
Liberty Galati, the largest integrated steel producer in Romania, has announced it would enter an agreement with creditors amid political upheaval, the new tariffs imposed by the US over ste...
EBRD Expects Romania Economy to Grow by a Mere 1.8% in 2025
Romania economy recovery is slower than expected and political turmoil is denting investors’ and consumers’ confidence, says the European Bank for Reconstruction and Development (EBRD) in it...
IMF Delegation Due to Visit Romania in Late Autumn
A delegation of the International Monetary Fund (IMF) is set to come to Romania this autumn, representatives of the institution told ZF without providing further details, though.
Romania Beats Greece and Bulgaria by Number of Foreign Investments in 2023
Sixty foreign direct investments were carried out in Romania in 2023, with the figure placing Romania ahead of Greece and Bulgaria, reveals EY Attractiveness Survey Romania 2024 study.
EBRD Expects Romania Economy to Grow by just 1.8% in 2023, Way Below Initial Forecast
Romania’s economy will expand by only 1.8% in 2023, European Bank for Reconstruction and Development economists forecast. The projection was downwardly revised from an initial 2.5% one.
Daniel Baluta, Bucharest District 4 Mayor, Pledges New Airport in Bucharest’s South
Daniel Baluta, mayor of Bucharest’s District 4, together with Giurgiu County Council, have started procedures for the construction of an airport in Bucharest’s south.
US-Held Lockheed Martin and Romania’s Aerostar Bacau Set to Open MRO Center in Bacau
US company Lockheed Martin, which produces Black Hawk helicopters and F-16 and F-35 aircraft, together with Aerostar Bacau, will open an MRO center for Black Hawk in Romania, in Bacau.
Cargus Projects 12% Turnover Growth in 2023, Set to Start Expansion in Europe
Cargus, a major courier services company on the Romanian market, has budgeted a 12% revenue increase for 2023. According to its CEO Yannis Mooijman, the company is also readying for expansio...
Liberty Galati Set to Invest RON40M in Coated Duct and Pipe Production Line
Liberty Galati, Romania’s biggest steel producer, has announced a RON40 million investment in duct and pipe production.
Posta Romana Wants to Enter Courier Services Market
Valentin Stefan, general manager of Posta Romana, Romania’s state-owned postal operator, the country’s biggest employer, wants to tap into the local courier services market.
Bakery Producer Lidas Doubles Headcount
Tulcea-based bakery producer Lidas in early 2022 started an investment in a bakery plant in Tulcea, worth EUR46 million and announced it sought to hire 200 people. Its number of employees ro...
Fortech Boosts Turnover by 60% Since Pandemic Onset
Cluj-Napoca-based software producer Fortech, recently acquired by Japan’s Hitachi, increased its turnover by 60% in 2021 from 2019, ahead of the pandemic.