Articole scrise de Oana Gavrila | Pagina 2 din 61

KeysFin: Coronavirus Spread Affects Local Importers of Phones, Electronics

14:59, 27 Feb. 2020

China is Romania's seventh largest commercial partner and the coronavirus epidemic mainly affects local businesses importing mainly phones and electronics directly from China, according to an analysis by KeysFin.

Celestica To Lay Off 450 Employees in Romanian Factory

11:11, 27 Feb. 2020

Canadian-held electronic components supplier Celestica, the owner of a plant in Bihor county, plans to lay off 451 of its 1,664 employees in Romania citing a 20% downsize in factory activity.

PwC: Romanian M&A Market Grows 4% in 2019, to EUR5.2B

12:33, 26 Feb. 2020

The mergers and acquisitions market in Romania returned to growth in 2019, increasing 4%, to EUR5.2 billion, after a 9.6% decline in 2018, a study by PwC Romania and D&B David si Baias showed Wednesday.

Romania Private Lending Grows 0.8% on Month in January

12:16, 25 Feb. 2020

Private lending in Romania grew 0.8% in nominal terms and 0.4% in real terms in January compared with December 2019, to RON269.646 billion, central bank data showed Tuesday. Local currency lending, which accounted for 67.3% of all private lending in Romania, increased 0.2% on the month in January but declined by 0.2% in real terms. […]

Romgaz Net Profit Grows 4.5% in 2019, to RON1.43B

10:18, 25 Feb. 2020

Romania's state-owned natural gas producer Romgaz Medias (SNG.RO) on Tuesday said its consolidated turnover grew 1.5% on the year in 2019, to RON5.1 billion, and its net profit grew 4.5%, to RON1.43 billion.

European Commission Approves State Aid for Romania’s Tarom

13:50, 24 Feb. 2020

The European Commission said Monday it has approved Romania's plans to grant a temporary loan of approximately EUR36.7 million (around RON 176 million) to the state-owned flag carrier Tarom.

CFR Marfa To Undergo Restructuring, Sell Unprofitable Assets

12:21, 24 Feb. 2020

Romania's state-owned railway fright company CFR Marfa, which has debts of RON1.3 billion, is set to implement a restructuring program to streamline operations and sell unproductive assets under the supervision of insolvency practitioners CITR.

Romanian Motorcycle Market Grows 43.2% in 2019

10:57, 24 Feb. 2020

The motorcycle market in Romania grew 43.2% in 2019 compared with 2018, to 2,177 units sold, data from the from the Automotive Manufacturers and Importers Association (APIA) showed Monday.

Sphera Franchise Group Sales Grow 24% in 2019, to RON955M

09:57, 24 Feb. 2020

Sphera Franchise Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands, said Monday its consolidated sales grew 23.8% on the year in 2019, to RON955 million (around EUR201 million).

IAEA Concludes Operational Safety Review of Romania’s Nuclear Power Plant

15:38, 21 Feb. 2020

An International Atomic Energy Agency (IAEA) team of experts has completed a review of long term operational safety at the Cernavoda nuclear power plant in Romania at the request of plant operator Nuclearelectrica.

Electromagnetica Turnover Drops 12% in 2019, to RON256M

15:36, 21 Feb. 2020

Electromagnetica Bucuresti (ELMA.RO), which makes electrical equipment and produces electricity, posted a turnover of RON256 million in 2019, down 12% on the year, while its profit declined 6.9%, to RON4.4 million, it said in its preliminary earnings report Friday.

Romanian Government Authorizes Geotech Investigation in Offshore Midia Block

15:31, 21 Feb. 2020

Romania's interim economy minister Virgil Popescu issued a permit Friday allowing geotechnical investigation for the offshore Midia gas project developed by Black Sea Oil & Gas.

Highlander Partners Buys Majority Stake in Romanian SanoVita

18:21, 19 Feb. 2020

US-based investment fund Highlander Partners said Wednesdafy it has acquired a majority stake in Romanian SanoVita, one of the most reputable and trusted food brands in Romania.

GFG Alliance Pledges to Invest EUR1B in Liberty Galati Steel Mill

16:11, 19 Feb. 2020

GFG Alliance plans to invest EUR1 billion in its Liberty Galati steel mill over the next ten years to significantly reduce carbon emissions and to boost production, targeting to transform the mill into a regional champion.

Telekom Romania Consolidated Revenue Up 5% in 2019, to EUR980M

13:11, 19 Feb. 2020

Telekom Romania posted consolidated revenues of EUR980 million in 2019, up 5% on the year, and its EBITDA also grew 5%, to EUR144 million, the company said in a statement.

Orange Romania Launches Currency Exchange Services in Orange Money App

13:07, 18 Feb. 2020

Telecom operator Orange Romania has added currency exchange services to its Orange Money app, allowing users to transfer money in 18 currencies at no extra charge.

Haier Invests EUR50M in Refrigerator Production Unit in Romania

18:17, 17 Feb. 2020

Chinese giant Haier, one of the world's largest white goods manufacturers, will be investing EUR50 million in a production unit in Prahova county, Romania.

Renault Plans to Launch 100% Electric Dacia Model in 2021-2022

12:36, 14 Feb. 2020

Renault plans to launch a fully electric Dacia model in 2021-2022, the carmaker announced Friday along with its earnings report.

Orange Posts EUR1.1B Turnover in 2019

13:28, 13 Feb. 2020

Telecom operator Orange Romania posted a turnover of EUR1.112 billion in 2019, 1.2% lower compared with 2018, the company said Thursday.

EIB Support for Projects in Romania Amounts to EUR865M in 2019

12:31, 13 Feb. 2020

The European Investment Bank Group (EIB Group), comprising the European Investment Bank (EIB) and its subsidiary, the European Investment Fund (EIF), provided EUR865 million of loans, guarantees, equity and microfinance operations in Romania in 2019.

Romania’s Current Account Gap Widens to EUR10.47B in 2019

12:30, 13 Feb. 2020

Romania's current account balance posted a deficit of EUR10.478 billion in 2019, compared with a deficit of EUR8.86 billion in 2018, central bank data showed Thursday.

BT Asset Management Cleared to Acquire Pension Fund Certinvest Pensii

12:04, 13 Feb. 2020

BT Asset Management and BT Investments, part of the Banca Transilvania Financial Group, have been cleared by the financial supervisory authority to acquire 100% of Certinvest Pensii, the only local player among private pension funds administrators in Romania.

Oil Terminal Net Profit Grows Eight Times in 2019, to RON2.4M

12:04, 13 Feb. 2020

Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) posted a net profit of RON2.4 million in 2019, eight times higher than in 2018, and its turnover grew 15.1%, to RON168 million.

Hidroelectrica Seeks Legal Adviser for Future IPO

17:29, 12 Feb. 2020

Romanian state-owned power producer Hidroelectrica has launched procedures to acquire legal services in view of an initial public offering and is prepared to pay EUR700,000 net of VAT.

Isarescu: Gold Reserve Repatriation Entails Massive Costs

14:37, 11 Feb. 2020

“We will observe the law but we have stated our point of view,” he said, speaking of a document the central bank recently sent to the government and parliament assessing the costs of gold repatriation. He added the ultimate decision belongs to the parliament. Isarescu did not give an amount but said the central bank’s […]