Articolele autorului Oana Gavrila
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Romania Postpones 5G License Tender for Late 2020
Romania's telecom regulator ANCOM has postponed until the end of 2020 a 5G license tender that had already been pushed back in 2019. citeşte tot
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Romania Unemployment Rate Inches Down to 3.9% in January
Romania's seasonally adjusted unemployment rate inched down to 3.9% in January from 4.1% in December 2019, data from the country's statistics board showed Tuesday. citeşte tot
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Gral Medical Posts EUR35M Turnover inn 2109, Targets Acquisitions in 2020
Gral Medical, the sixth largest player on the Romanian private healthcare services market, owned by entrepreneur Robert Serban, posted a turnover of EUR35 million in 2019, up 13% on the year, and targets acquisitions in 2020. citeşte tot
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Romania Forex Reserves Grow to EUR35.83B in February
Romania's foreign exchange reserves grew to EUR35.83 billion at the end of February from EUR35.505 billion at the end of January, central bank data showed Monday. citeşte tot
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FP Values Hidroelectrica at RON24.4B
Romanian state-owned hydropower producer Hidroelectrica is assessed by minority shareholder Fondul Proprietatea (FP.RO) at RON24.4 billion, gaining RON3.7 billion in value in just one month following sound financial results and amendments to tax decree 114. citeşte tot
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KeysFin: Coronavirus Spread Affects Local Importers of Phones, Electronics
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. citeşte tot
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Celestica To Lay Off 450 Employees in Romanian Factory
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. citeşte tot
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PwC: Romanian M&A Market Grows 4% in 2019, to EUR5.2B
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. citeşte tot
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Romania Rejects All Bids for June 2025 Euro-Denominated Bonds
Romania's finance ministry on Tuesday rejected all bids on a euro-denominated bond issue maturing in June 2025 from which it hoped to raise EUR200 million from the local market, central bank data showed. citeşte tot
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Romania Private Lending Grows 0.8% on Month in January
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Romgaz Net Profit Grows 4.5% in 2019, to RON1.43B
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. citeşte tot
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European Commission Approves State Aid for Romania's Tarom
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. citeşte tot
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CFR Marfa To Undergo Restructuring, Sell Unprofitable Assets
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. citeşte tot
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Romanian Motorcycle Market Grows 43.2% in 2019
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. citeşte tot
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Sphera Franchise Group Sales Grow 24% in 2019, to RON955M
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). citeşte tot
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Orsova Shipyard Profit Grows 12.4% in 2019, to RON3.2M
Romanian shipyard Santierul Naval Orsova (SNO.RO), held by three financial investment funds (SIFs) on Friday reported a net profit of RON3.2 million for 2019, up 12.4% on the year. citeşte tot
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IAEA Concludes Operational Safety Review of Romania’s Nuclear Power Plant
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. citeşte tot
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Electromagnetica Turnover Drops 12% in 2019, to RON256M
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. citeşte tot
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Romanian Government Authorizes Geotech Investigation in Offshore Midia Block
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. citeşte tot
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Farmaceutica Remedia Owner Raises Stake to 80.5% in RON7.16M Transaction
The majority shareholder of Farmaceutica Remedia (RMAH.RO) Valentin-Norbert Tarus, who is also the company's board chairman and general manager, has acquired 15,9 million shares in the company for RON7.16 million, raising his stake to 80.5% from 65.5%. citeşte tot
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Financial Regulator Revokes Certasig's License, Starts Bankruptcy Procedures
Romania financial regulator decided on February 19 to revoke the license of insurer Certasig for failing to cover minimum capital requirements, the institution said Thursday. citeşte tot
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Highlander Partners Buys Majority Stake in Romanian SanoVita
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. citeşte tot
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GFG Alliance Pledges to Invest EUR1B in Liberty Galati Steel Mill
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. citeşte tot
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Telekom Romania Consolidated Revenue Up 5% in 2019, to EUR980M
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. citeşte tot
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Orange Romania Launches Currency Exchange Services in Orange Money App
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. citeşte tot
