ZF English
BCR profit halves to 100m lei according to Romanian Accounting Standards
Banca Comerciala Romana (Romanian Commercial Bank - BCR) last year posted a 100-105 million-lei profit, according to Romanian accounting standards (RAS), less than half the 2009 profit, said...
How could economy leave recession behind?
Analysts believe there are few chances that the economy will perform better in the third quarter against the last three months of last year, with a modest growth being possible as a result o...
Sensiblu buys Farmaplanet drugstores
Sensiblu, the drugstore chain part of the A&D Pharma group, has bought the 24-drugstore Farmaplanet chain, with the transaction already sent to the Competition Council for approval.
Good signs in January: Lorry sales double
The Romanian car market reached an overall volume of over 5,400 vehicles, up nearly 25% against the similar period of last year, the first rise recorded in three years.
Banks expand short-term debt in 2010, after pausing a year
Banks increased their foreign short-term debts, largely reflecting funding received from foreign shareholders, by almost 1bn euros last year, to 7bn euros.
1,500 turbines and 5bn-euro investments expected by 2015
Positive news about projects related to thermal power stations, hydro-power stations or nuclear reactors lacked completely in 2010, while wind energy became the new star of the industry. In...
Biggest cattle owner in Romania has 3,086 cows
Italian, Greek, Jewish, French, Dutch, Cypriot and Lebanese investors control half of the 20 companies with the highest number of cattle in Romania.
Deutsche Telekom manager in charge of Romania resigns three years before term end
Guido Kerkhoff, Deutsche Telekom manager who had been in charge with the CEE operations of Europe's biggest communications group since 2009, has unexpectedly announced his decision to leave...
How alarming banking system losses really are
Sometimes in the black, other times in the red, this has been the trend of the banking system over the past two years, judging by Romanian accounting standards. From 20 banks that ended 2009...