ZF English
From beer to travel: Gheorghe Grec drives Geoagiu resort hotel into the black
Gheorghe Grec, one of the founders and former shareholders of Bere Mureș, currently owning Germisara four-star hotel of Geoagiu-Băi resort of Hunedoara county, maintains the accommodation fa...
Romanians' budget in 2015: food to take 70% of expenses
A Romanian will spend almost 167 euros per month on average for food, beverages, cigarettes, clothes, footwear and personal care products in 2015, over 50 euros more than in 2010, according...
Against the tide: pharmaceutical market goes up by 19%. "Surprising," analysts say
Drug sales in Romania last year rose by 18.7% in lei (19.6% in euros), to 9.6bn lei (2.28bn euros), with the best performance being registered in the first six months of the year, according...
Banca Transilvania raises half a billion lei from Stock Exchange in six years
Banca Transilvania (Transilvania Bank - TLV), the biggest Romanian-controlled lender, finalised a primary offering at the end of January, targeted at employees and a limited number of privat...
Dealers had a strong start to the year: January transactions at a two-year peak
The interest stirred by FP floatation among foreign investors and the rising appetite for Romanian T-bills in January drove transactions carried out on the Bucharest forex market to 38bn eur...
Enache in talks for the sale of two hotels through sale&lease back
Businessman Radu Enache, who controls Continental hotel chain, with turnover put at 20m euros last year, is in talks with two financial companies for the sale through sale&lease back of thre...
FP is the new target of foreign investment funds with highest Stock Exchange exposure
Four foreign funds in Athens, Luxembourg and Amsterdam, with 236 million lei (56 million euros) in investments in Romanian shares, are looking at Fondul Proprietatea (FP) and doing the maths...
Romgaz and Petrom stand to gain from IMF's gas price hike proposal
Petrom and Romgaz, the two major domestic producers of natural gas, would be the big winners in case gas prices were liberalised and would reach a level similar with that at which imports fr...
Egypt is equivalent with Lehman Brothers collapse in terms of impact on international politics
The complete destabilisation of the Arab world by the imminent fall of the Mubarak regime in Egypt will reset the strategies of world leaders. We could witness policies of stockpiling and ra...