ZF English
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http://www.zfenglish.com
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ZF English - 16:20 Nov 27, 2024
Strategic management consultancy McKinsey & Company has appointed Ovidiu Tisler managing partner of its Bucharest office, following his election as a partner of the firm. -
ZF English - 13:17 Nov 27, 2024
The gross minimum wage guaranteed in payment will rise to RON4,050 from RON3,700 per month from January 1, 2025, Prime Minister Marcel Ciolacu announced at the beginning of the government meeting on Wednesday. -
ZF English - 11:55 Nov 27, 2024
Reff & Associates | Deloitte Legal assisted Damen Galati Shipyard in obtaining EUR25 million financing from Exim Banca Romaneasca, which will be used by the shipbuilder to implement its investment program, based on the expansion and equipping of ship assembly facilities. -
ZF English - 09:31 Nov 27, 2024
ING Bank Romania ended the first nine months of 2024 with RON2.83 billion revenues, up 13.5% from the year-earlier period, while its loan portfolio grew by 16%. -
ZF English - 09:12 Nov 27, 2024
Agroland Agribusiness, part of Agroland group, specializing in farming input sales, registered RON1.5 million net profit in January-September 2024, up 13% from the year-earlier period. -
ZF English - 08:38 Nov 27, 2024
Engineering and tech group Simtel Team, national leader in the field of renewable energy, is expanding its portfolio by launching a new business line dedicated to energy storage systems, offering comprehensive solutions including consultancy, EPC (Engineering, Procurement, and Construction), commercial operation, service, and maintenance. -
ZF English - 07:32 Nov 27, 2024
Real estate developer Park Properties will in 2025 launch the construction of the third block of Sun Lake Residence project located on the banks of Bucharest Fundeni lake and will reach a total of over 300 apartments in this project, explained Alexandru Manaila, managing partner at Park Properties. -
ZF English - 22:16 Nov 26, 2024
Vitall, a company based in Dolj County and engrossed in natural fodder manufacturing and poultry farming, reported a turnover of RON578.5 million (nearly EUR117 million) for 2023, up 6% from roughly RON546 million (EUR110.7 million) reported in 2022, Ziarul Financiar (ZF) daily has calculated from finance ministry data. -
ZF English - 22:00 Nov 26, 2024
The company Socub, based in Galati County and held by Costel Buca, has started the project for a second furniture plant, which entails an investment of almost RON53 million, with funds from the Just Transition Program. -
ZF English - 21:28 Nov 26, 2024
Sanitary ware manufacturer Cersanit Romania, held by Poland’s Rovese group, for 2023 reported a turnover of RON160.6 million (nearly EUR32.5 million), down 21.9% from RON205.8 million (EUR41.7 million) reported in 2022, Ziarul Financiar (ZF) daily has calculated based on finance ministry data. -
ZF English - 21:04 Nov 26, 2024
Nuclear power producer Nuclearelectrica (stock symbol: SNN) has informed the capital market via a report on Nov 26 about the conclusion of three electricity wholesale contracts with supplier Energy Distribution Services. -
ZF English - 19:32 Nov 26, 2024
Real estate developer Forty Management is launching a RON15 million private placement of secured corporate bonds, with the possibility of going up to RON25 million, with a maturity of four years and an "attractive interest rate", it said in a document sent to investors and received by ZF. -
ZF English - 19:17 Nov 26, 2024
DN AGRAR Group (stock symbol: DN), the largest integrated livestock farm in Romania, leader in cow milk production, ended the January-September 2024 period with a turnover of RON127 million, up 9% year-over-year, as per the company's financial report published at the Bucharest Stock Exchange on Nov 26. -
ZF English - 18:50 Nov 26, 2024
Fondul Proprietatea (stock symbol: FP) has announced in a stock market report on Nov 26 that following the expiration of deadline for the submission of applications for a new alternative investment fund manager the Board of Nominees (BoN) drafted a list of five candidates. -
ZF English - 18:47 Nov 26, 2024
Agroserv Mariuta (MILK.RO), a Romanian agriculture company and owner of the Laptaria cu Caimac dairy brand, posted RON87 million revenue in the first nine months of 2024, 2% lower than in the same period in 2023. Losses doubled to RON3.8 million, according to a report to the Bucharest Stock Exchange. -
ZF English - 18:14 Nov 26, 2024
Electricity supplier and distributor Electrica (stock symbol: EL) has informed its shareholders and investors that, during the meeting held on Nov 26, 2024, the company's Board of Directors decided to extend the mandate of Chief Executive Officer (CEO) of Alexandru-Aurelian Chirita from January 1, 2025 until December 31, 2026, including, as per a report sent to the Bucharest Stock Exchange. -
ZF English - 17:36 Nov 26, 2024
Romania's Competition Council is submitting to public debate the commitments proposed by the Bucharest National Airport Company (NCBA) to address competition concerns that led to the investigation into the restriction of market access for companies that manage software applications used to order taxis from the airport. -
ZF English - 15:50 Nov 26, 2024
Adoption of 5G technology in Central and Eastern Europe, a region that includes Romania, is lagging behind developed regions, says the latest edition of Mobility Report, an annual report by Ericsson, one of the largest suppliers of equipment for telecommunications operators. -
ZF English - 12:38 Nov 26, 2024
The new Renewable EPC by Allview division of technology company Visual Fan (ALW.RO) has signed a contract with Tenersolar Park to develop a 45.15 MW photovoltaic park in Tandarei, Ialomita County. The total value of this contract is EUR24.6 million. -
ZF English - 12:10 Nov 26, 2024
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, as well as for companies lei-denominated current loans, on Tuesday, November 26, reached 5.87%, up from 5.81% at the beginning of the week.
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