ZF English
Transgaz unpleasantly surprises investors with 60% lower profit budgeted for 2011
Transgaz Media[ (TGN), the natural gas transmission monopoly in Romania, has budgeted net income worth 113.9m RON (around 26.7m euros) for this year, down 62% from the net income estimated f...
Vodafone reports decline slowdown: -9% in the last 3 months of 2010
Vodafone Romania's number of clients climbed by around 141,000 from the same period of the previous year to 9.804 million, but dropped against September 2010.
Bankers move again to make consumer lending cheaper
Banks' individual clients borrowed at lower rates last year, with the annual percentage rate for RON consumer loans reaching 17.5% per annum in December 2010, down almost 4.5% from the same...
Lufthansa boosts flight capacity and expects renewed 10% traffic increase
Foreign airlines Lufthansa, Austrian Airlines and Swiss, which were integrated two years ago into the German group, carried one million passengers last year on the Romanian market, 10% more...
Videanu, Doicescu and Ionescu's brokerage firm trades 10m euros' worth of FP shares
Brokerage firm Equity Invest in Bucharest, in which former economy minister Adriean Videanu holds 24%, brokered transactions worth 55.7 million lei (13 million euros), climbing to the 13th p...
Orange's marketing manager: Smartphone sales could double this year, as well
The telecom market will remain difficult in 2011 as well, with clients continuing to ration their spending, and tight competition among operators. However, interest for PC tablets is high, a...
Romania, the country ruled by 95,000 pieces of legislation
The sheer frequency of legislative modifications in Romania, which exasperates both citizens and the business world, does not only stem from the need to change legislation after the revoluti...
Former Piritex head, appointed manager for SE Europe of building products group
Adrian Porfir, 43, who has filled the position of general manager with Piritex distributor of building materials and finishings for the past two years, has recently taken over the position o...
Most important offices to be delivered in 2011, 80% empty
The area of the new office buildings due to be finalised in Bucharest this year will halve against 2010, to 135,000 square metres, but real estate developers have not found tenants for these...