ZF English
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http://www.zfenglish.com
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ZF English - 09:02 Nov 26, 2024
Household and company loans in October totaled RON601.9 billion, up 9.8% from the same period of last year (4.9% in real terms), after local currency deposits went up by 13.1% and foreign currency ones by 2.6%, in line with central bank data. -
ZF English - 08:50 Nov 26, 2024
Private lending increased by 8.9% in October against the same period of 2023, to a total of RON416 billion, after local currency loans rose by 11.7% and foreign currency ones advanced by 3%, central bank data showed on Tuesday, November 26, 2024. -
ZF English - 08:35 Nov 26, 2024
Monsson, the main renewable energy project developer in Romania, controlled by businessman Emanuel Muntmark, has transferred to NEPI Rockcastle, Romania’s largest mall owner, a 50 MW photovoltaic park located in Chisineu-Cris area of Arad county. -
ZF English - 07:39 Nov 26, 2024
Polish-held rolling stock producer PESA will deliver the first trains to Romania in mid-2025 and start the homologation process with the Romanian rail watchdog AFER. -
ZF English - 20:38 Nov 25, 2024
Agrotex, a farm input supplier based in Carei, Satu Mare County, acquired by Swiss group Ameropa earlier this year, posted RON646.7 million (EUR130.7 million) revenue in 2023, down by about 15.3% from 2022’s RON763.4 million (EUR154.8 million), according to ZF calculations based on data from the Finance Ministry website. -
ZF English - 20:24 Nov 25, 2024
Super Eggs of Braila, which is part of Italy’s Eurovo group and specializes in production and sale of fresh, powdered and pasteurized eggs, ended 2023 with a turnover of RON61.8 million (EUR12.5 million), down 9.6% from nearly RON68.4 million (EUR13.8 million) reported in 2022, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data. -
ZF English - 20:14 Nov 25, 2024
Furniture manufacturer Ecolor, the local subsidiary of Sweden’s Gyllensvaans Möbler, posted RON460.6 million (EUR93.1 million) revenue in 2023, down about 19% from the previous year’s RON568.5 million (EUR115.3 million), according to ZF calculations based on data from the Finance Ministry's website. -
ZF English - 19:54 Nov 25, 2024
Bathroom furniture manufacturer Savini Due, held by Italian businessman Piersante Savini, expects a nearly 10% increase in turnover in 2024 year-over-year to over RON162 million (EUR32.6 million), Ziarul Financiar (ZF) daily has calculated based on data provided by the company and on data on the finance ministry website. -
ZF English - 19:21 Nov 25, 2024
Feper (FEP.RO), a manufacturer of industrial equipment, which also has hotel operations, on Monday notified the Bucharest Stock Exchange of having sold Complexul Hotelier Orizont in Predeal at auction for RON52.3 million plus VAT. -
ZF English - 18:33 Nov 25, 2024
International rating agency Fitch Ratings has upgraded Garanti Bank S.A.'s (GBR) Long Term Issuer Default Rating (IDR) to 'BB' from 'BB-'. and the Outlook is Stable. -
ZF English - 17:53 Nov 25, 2024
The shareholders of Exim Banca Romaneasca have approved on Monday (Nov 25) the bank's management team for the next four years. -
ZF English - 14:24 Nov 25, 2024
Romania's finance ministry on Monday (Nov 25) rejected all bids for government bonds maturing in April 2028, as it deemed the bid price unacceptable, central bank data showed. -
ZF English - 14:13 Nov 25, 2024
The Bucharest Stock Exchange (BVB) opened “in the red” on Monday, Nov 25, with all stock market indices dropping after the results of the first round of the presidential elections put independent candidate Calin Georgescu in the lead. -
ZF English - 09:33 Nov 25, 2024
Retele Electrice Muntenia, part of PPC Group in Romania, has launched a public tender of over RON445 million on SEAP platform for the design and execution of maintenance and modernization works on medium and low voltage electrical networks in Ilfov and Giurgiu counties. -
ZF English - 09:13 Nov 25, 2024
Bucharest’s Calea Victoriei (Victory Avenue), the main shopping street in Romania, has climbed two positions, to 38, in the ranking of the world’s most expensive shopping destinations, as Bucharest rents have in the past year posted the seventh strongest increase among the 138 markets analyzed globally in the latest “Main Streets Across the World” report drawn up by real estate consultancy Cushman & Wakefield. -
ZF English - 08:32 Nov 25, 2024
HORSE Romania, a unit of Horse Powertrain, has reached a total of 2,600 employees via its locations in Mioveni, Titu and Bucharest. -
ZF English - 08:20 Nov 25, 2024
In mid-summer 2024, furniture producer opened a new 3.500-sqm logistic center. This is located near the company’s Tutova plant and investments amounted to EUR2 million. -
ZF English - 08:10 Nov 25, 2024
Agrii Romania, a fertilizer producer and farming input wholesaler owned by Irish group Origin Enterprise, has invested EUR3.5 million from own funds in two repacking lines at its Timisoara plant. -
ZF English - 08:03 Nov 25, 2024
In the past 16 years, the number of microenterprises, small and middle-sized companies has gone up by almost 40%, with the growth primarily supported by a rising number of microenterprises, in line with Trade Registry data. -
ZF English - 07:54 Nov 25, 2024
Craiova-based Ford Otosan plant in October hit an all-time production level, with more than 27,600 cars assembled in a single month, in line with ACAROM data.
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