ZF English
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http://www.zfenglish.com
Found 19075 news
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ZF English - 07:21 Jun 28, 2023
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0719 units per euro in the next 12 months, while the anticipated rate of inflation will reach an average value of 7.73%, the lowest level since March 2022. -
ZF English - 06:50 Jun 28, 2023
Romanian executives for June-August 2023 estimate increasing activity in constructions and retail, in parallel with rising prices in the two fields, while headcount in industry and services will remain relatively flat, in line with a survey by the country’s statistics board INS. -
ZF English - 05:53 Jun 28, 2023
Group of firms Kosarom aims to invest RON15 million in 2023, compared to RON11.5 million in 2022. Investments are mainly meant to boost production cost efficiency and develop the store network. -
ZF English - 05:47 Jun 28, 2023
Biodegradable packaging maker Exonia Holding plans to invest EUR7.5 million in a plant in Hunedoara county, partially funded via the Just Transition Mechanism, explained Tiberiu Stoian, CEO and majority stakeholder in the company. -
ZF English - 05:38 Jun 28, 2023
Cargus, a major courier services company on the Romanian market, has budgeted a 12% revenue increase for 2023. According to its CEO Yannis Mooijman, the company is also readying for expansion to several European countries. -
ZF English - 20:21 Jun 27, 2023
German-held fashion and home products discount retailer Kik, which entered the Romanian market almost five years ago, posted more than RON250 million sales in 2022, up 36% from 2021, Finance Ministry data show. -
ZF English - 19:50 Jun 27, 2023
Hotel company Aro-Palace (ARO.RO) said in a stock market report on Tuesday (June 27) that it was teaming up with ACCOR, a world-leading hospitality group, for the reopening of the Capitol Hotel in Brasov, as part of the Mercure global hotel chain. -
ZF English - 19:47 Jun 27, 2023
Redport Capital has completed the second phase of The Level Apartments residential complex in Straulesti-Damaroaia area of Bucharest and is starting the third phase. -
ZF English - 18:54 Jun 27, 2023
The initial public offering of electricity producer Hidroelectrica (H2O.RO) on the Bucharest Stock Exchange has almost been fully subscribed on the tranche of institutional investors since Friday, and it is already oversubscribed now, while interest remains really high, capital market sources told Ziarul Financiar. -
ZF English - 18:02 Jun 27, 2023
French Orange Group, one of the world's largest players on the telecommunications market, granted financing of EUR800,000 for the opening in Romania of a digital education hub for several socio-professional categories - from teenagers passionate about technology and young people at the beginning of their professional career to adults who want a professional conversion with the help of digital skills. -
ZF English - 17:49 Jun 27, 2023
Private equity firm SARMIS Capital has bought into BMF Grup, a family business established in 2023, which now has 1,800 employees and EUR30 million consolidated revenue. -
ZF English - 17:17 Jun 27, 2023
Romania's road freight transport market saw a slowdown in growth rate between January and June 2023 compared to the same period of 2022, against the background of a decline in volumes, which also triggered a stagnation in transport tariffs, as per an analysis by DSV Road, the third largest transport company in Europe. -
ZF English - 15:47 Jun 27, 2023
Belgian company Avesta Battery and Energy Engineering (ABEE) plans to build a factory for electric vehicle batteries in the Galati Free Zone, within an investment of EUR1.4 billion, according to officials of Galati City Hall (eastern Romania). -
ZF English - 14:16 Jun 27, 2023
Lithuania's Apex Alliance group, which manages the Marmorosch Hotel in capital city Bucharest, has appointed Italian Giovanni Valentini to the position of Chief Executive Officer (CEO) of the Apex Alliance Hotel Management (AAHM) -
ZF English - 13:52 Jun 27, 2023
Nuclear power producer Nuclearelectrica (SNN.RO) and Korea Hydro & Nuclear Power (KHNP) signed today, June 27, 2023, in Seoul, Republic of Korea, the Engineering, Procurement and Construction (EPC) contract for the completion of Europe’s first Tritium Removal Facility (CTRF) at Cernavoda Nuclear Power Plant (Cernavoda NPP), Nuclearelectrica announced in a press release on its website. -
ZF English - 13:30 Jun 27, 2023
Perla Harghitei, one of the largest producers of natural mineral water in Romania and market leader in the category of bottled water in returnable glass bottles, aims to increase its turnover by 18% in 2023, up to RON148.5 million, and to strengthen its position among industry players. -
ZF English - 11:49 Jun 27, 2023
Approximately four years since the expiry of the deadline for transposing Directive 1371/2017 on combating fraud affecting the financial interests of the European Union and over a year since the European Commission initiated action against Romania for incomplete transposition of the Directive, Romania's Parliament adopted Law 125/2023 amending Law No. 241/2005 on preventing and combating tax evasion, which entered into force on May 25, 2023. -
ZF English - 11:30 Jun 27, 2023
A survey by real estate consulting firm CBRE shows there is great demand for high-quality office spaces on the local market, which will keep the demand for development or refurbishment projects at a high level. -
ZF English - 10:15 Jun 27, 2023
Growth in bank lending across the eurozone is forecast to slow from a 14-year peak in 2022 (of 5%) and record modest gains of 2.1% in 2023 and 1.7% in 2024, as demand for loans across the region drops, according to the latest EY European Bank Lending Economic Forecast. -
ZF English - 07:03 Jun 27, 2023
CreditAmanet holding, a Romanian-held provider of pawnbroking and money exchange services, has relocated its offices to SkyTower office building near Bucharest’s Promenada mall, in the wake of a EUR0.5 million investment.
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