Romania Feed
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ZF English - 07:37 Nov 18, 2020
September came with a fast-paced rise in corporate lending, after a visible rebound in the summer months, when it recovered from the decline in the spring months caused by the lockdown due to the COVID-19 pandemic. -
ZF English - 07:13 Nov 18, 2020
Fewer than 300,000 people passed through the Henri Coanda (Otopeni) Airport in Bucharest in October, compared with almost 1.3 million in the year-ago month, according to the National Company Bucharest Airports (CNAB) data supplied to ZF. -
ZF English - 18:18 Nov 17, 2020
Romanian state-run oil transporter CONPET Ploiesti (COTE.RO) on Tuesday put into service the newest and largest crude oil storage tank, in Calareti, which hosts a pumping station for imported crude oil, located 50 km off the capital Bucharest. -
ZF English - 17:45 Nov 17, 2020
The Supervisory Board of Romanian state-owned power grid operator Transelectrica (TEL.RO) on Tuesday appointed Catalin Nitu to the position of Chairman of the Directorate for a four-year mandate, effective November 17, 2020. -
ZF English - 15:26 Nov 17, 2020
Romanian cardboard and toilet paper manufacturer Vrancart Adjud (VNC.RO) ended the first nine months of 2020 with a net profit of RON10.1 million, down 34.6% on the year, and a turnover of RON207.9 million, down 7.7% on the year, per ZF calculations based on the company’s quarterly report. -
ZF English - 15:12 Nov 17, 2020
Rolling stock maker Atelierele CFR Grivita (ATRD.RO) reported a net profit of RON27.8 million in the first nine months of 2020, up 160% on the year, and a turnover of RON42.8 million, down 7% on the year, per ZF calculations based on stock market and finance ministry data. -
ZF English - 14:32 Nov 17, 2020
Agroland Business System, a firm developed by entrepreneur Horia Cardos, which owns a chain of supermarkets catering to farmers, on Tuesday said it plans to carry out a private placement for the sale of stocks in the coming period, aiming to attract nearly RON7.9 million from Bucharest Stock Exchange (BVB) investors. -
ZF English - 13:58 Nov 17, 2020
Car production in Romania reached 51,418 units in October 2020, 3.2% fewer than 53,119 units in October 2019, data from Romania’s carmakers association ACAROM showed Tuesday. -
ZF English - 12:46 Nov 17, 2020
Romanian state-owned energy holding CE Oltenia, the second largest local electricity producer with 22% market share, was green-lit by the European Commission for its restructuring plan to gradually reduce the coal-based power generation. -
ZF English - 12:07 Nov 17, 2020
The European Bank for Reconstruction and Development (EBRD) has announced a new loan, worth EUR10 million, for Romania’s leading distributor of agricultural technologies Agricover, to meet growing working capital needs. -
ZF English - 10:23 Nov 17, 2020
Real estate developer Impact Developer&Contractor (IMP.RO) on Tuesday reported a net profit of RON13 million for the first nine months of 2020, down 28% on the year. -
ZF English - 10:08 Nov 17, 2020
Private equity fund Morphosis Capital Fund I announced Tuesday it was investing in Romanian dental clinic chain Dr. Leahu. Clinics owner Implant Expert DSO transfers a minority stake to Morphosis in exchange for a capital contribution. -
ZF English - 09:45 Nov 17, 2020
The business services industry in Romania had 131,000 employees in 2020, the same as in 2019, and generated revenues of EUR4.5 billion, according to a survey by Romania Business Service Leaders Association (ABSL). -
ZF English - 08:58 Nov 17, 2020
Patria Bank (PBK.RO), held by private equity fund Emerging Europe Accession Fund (EEAF), reported Tuesday a net profit of RON5.98 million for the first nine months of 2020, up 2% on the year. -
ZF English - 08:53 Nov 17, 2020
This year has been a year of change, but home appliances manufacturer Miele saw growth again in Romania, says Loredana Butnaru, the executive who runs Miele’s local operations. -
ZF English - 08:30 Nov 17, 2020
Rompetrol majority holder KMG International, which owns the Petromidia refinery, announced Tuesday it intends to sell a range of non-core assets in Romania. -
ZF English - 08:28 Nov 17, 2020
Ursus Breweries, the beer market leader in Romania, has invested more than EUR10 million in a new craft brewery in Cluj-Napoca, named Barlog. The company also has a pub and a souvenir shop on the site. -
ZF English - 08:20 Nov 17, 2020
Real estate developer Impact Developer&Contractor (IMP.RO) plans to sell corporate bonds worth EUR6 million, with the possibility of increasing the amount to EUR15 million, via private placement. -
ZF English - 08:04 Nov 17, 2020
More than 7,300 work permits have been issued in January 1 – September 30, 2020 for foreign citizens seeking work in construction sector in Romania, the data supplied by the country’s General Inspectorate for Immigration, shows. -
ZF English - 18:13 Nov 16, 2020
MedLife (M.RO), the leader of the private medical services market in Romania, has closed Monday's trading session (Nov 16, 2020) at a price of RON47.1 per share on the Bucharest Stock Exchange, a record high after an “explosion” of 19% in trading prices amid a possible share capital increase.