ZF English
Eight wind farms approved so far in 2011
Eight wind power projects have signed contracts to connect to the grid since the beginning of the year, with a new giant farm receiving the green light after the 600-MW project of the Czechs...
Omniasig turnover slips 17%, profit halves
Omniasig, the third largest insurer on the market, controlled by Austria's Vienna Insurance, last year derived gross income worth 21.8m lei (5.2m euros), down 58% from 2009, according to pre...
BSE listed companies have announced 1bn lei worth of dividends so far
Fourteen of the 76 companies listed on the main market of the Bucharest Stock Exchange (BSE) have so far announced they would disburse dividends from profits derived last year and at least a...
UniCredit Leasing expects 15% growth
The leasing market is likely to see a 10% increase this year, after having plummeted in the past two years, but UniCredit Leasing, the biggest company in the field, has budgeted a 15% turnov...
Duster accounts for more than half of Dacia output
The output of Mioveni-based Automobile Dacia car plant rose by 2.5% in the first two months of this year, according to the statistical data provided by the Association of Car Producers and I...
Romania risks being affected by the side effects of the war in Libya
The offensive that the Western world has started against Libyan dictator Muammar Gadhafi could be felt in Romania, as well, although it is not in the frontline of the armed conflict. The pri...
Romania ends arrangement with IMF on Friday with a bill of 11.9bn euros plus interest
The stand-by arrangement with the IMF whereby Romania took out the record-high 12.9 billion-euro loan two years ago, ends Friday March 25, when the board of the financial institution based i...
Insurers keeping an eye on frauds: Nine companies connected to a 1.3 million claim database
Canadian-held Greengrass Group, which developed a database with auto insurance claims, has come to hold information on 1.3 billion claims filed with nine insurance companies and is preparing...
120 foreign funds among Fondul Proprietatea shareholders
A number of 120 foreign investment funds have come to hold 18% in Fondul Proprietatea capital, revealing thus the high interest the biggest listing in the Bucharest Stock Exchange's history...