Who Owns Banca Transilvania: Pillar II Pension Funds and SIFs Hold 30.5% in Largest Bank in Romania
yesterday, 07:00
The largest local institutional investors – the Pillar II pension funds, the SIF (regional investment funds) and Fondul Proprietatea, have 3.16 billion lei (EUR669 million) invested in Petrom (18.6% of its share capital), RON2.9 billion in Banca Transilvania (30.5%) and RON1.5 billion in BRD (19%).
-
Rodbun Expects RON600M Revenue and At Least 30% Growth in 2019 yesterday, 06:00
Rodbun Grup, one of the largest Romanian agricultural businesses, which has input wholesale and grain trading operations, posted about 450 million... more
-
Carrefour Anchors More Than Half of Malls in Romania, Auchan Ranks Second yesterday, 00:00
More than half of the 64 malls and shopping centers in Romania analyzed by ZF have a Carrefour store as an anchor, be it a hypermarket or a... more
-
Bucharest Main Train Station To Be Modernized Ahead of EURO 2020 06.14.2019
The main train station in capital Bucharest will be modernized ahead of the 2020 European football championship with more ample works to follow,... more
-
Continental Expands Iasi Offices in EUR27M Investment 06.14.2019
German-held Continental has started works to expand its office building in Iasi, northeastern Romania, in a EUR27 million investment. more
-
Survey: Romania Among Top Ten Ice Cream Producers In EU 06.14.2019
More than 200 ice cream manufacturers on the Romanian market place Romania, according to Eurostat data, on the tenth spot among ice cream producers... more
-
EC: Romania Ranks Last In EU Regarding Research And Innovation Spending 06.14.2019
European Commission official Aurora Mordonu on Friday said Romania ranks last in the European Union regarding expenses in the field of research and... more
-
Five-Star Hilton Sibiu Posts RON10M Profit and RON19M Revenue in 2018 06.14.2019
Hilton Sibiu hotel posted almost 19 milion lei (EUR4 million) revenue and more than 50% profit margin last year, ZF has calculated from publicly... more
-
Private Equity Firm White Star and US University About to Buy Liberty Office Complex in Cluj 06.14.2019
Fribourg Development, the real estate division of private equity firm Fribourg Capital, held by Ion Sturza, former prime minister of the Republic... more
-
Medical Inflation Seen Dropping to 10% in Romania 06.13.2019
The Romanian market will register a drop in medical inflation from 15% in 2018 to 10% this year, although the cost of medical services is on the... more
-
Iulius Town, Biggest Retail Project in Western Romania, Opens End-August 06.13.2019
Iulius Town, a EUR220 million real estate project developed by Iulius and Attenbury Europe, will be inaugurated on August 30, Iulius Group said in... more
-
Romania Raises Over RON1B Selling 12-Year and 2-Year Bonds 06.13.2019
Romania's finance ministry on Thursday raised a total 1.013 billion lei (EUR214.5 million) in two separate tenders, selling bonds maturing in... more
-
GfK: Brick-and-Mortar Retail in Romania, Lithuania to See Highest Growth in EU in 2019 06.13.2019
Romania (+7%) and Lithuania (+5.9%) are expected to have the highest growth rates in 2019 for brick-and-mortar retail in the 27 EU nations... more
-
Catinvest Invests EUR3M In Expanding TOM Shopping Mall In Constanta By 3,500 Sqm 06.13.2019
French real estate group Catinvest has invested EUR3 million in expanding by 3,500 square meters the surface area of TOM shopping center in... more
-
Romania Current Account Deficit Widens to EUR2.3B in Jan-Apr 06.13.2019
Romania's current account balance posted a deficit of EUR2.306 billion in January-April, compared with a deficit of EUR1.665 billion in the same... more
-
BT Analyst: Romania Annual Inflation Rate, Under HICP, May Fall To 3.8% In 2019 Vs 4.1% In 2018 06.13.2019
The annual inflation rate, under the harmonised index of consumer prices (HICP), is expected to fall to 3.8% in 2019, from 4.1% in 2018, and to... more
-
Purcari Wineries Starts Share Buyback Program 06.13.2019
Winemaker Purcari Wineries (WINE.RO) on Thursday started a share buyback program, at a maximum price of RON30 per share and a minimum price of RON5... more
-
Romania’s Home Appliances and Component Production up 10% to EUR1.2B in 2018 06.13.2019
The seven large home appliances and component plants o Romania saw double-digit growth in revenue in 2018 and hired 1,000 employees, ending the... more
-
Romanian Households Remain Net Creditor of Banking System in Q1, 2019 06.13.2019
Romanians remained net creditors of the banking system (in lei and foreign currency) in the first quarter of 2019, and the upward trend continues,... more
-
Phone and Tablet Wholesaler Gersim: We Chose to Be Cautious In 2018 06.13.2019
Gersim Impex, the largest wholesaler of mobile phones and tablets in Romania, posted 713.1 million lei (EUR153.2 million) sales in 2018, down 11%... more
-
Farmec Opens First Franchised Gerovital Store in Bacau 06.12.2019
Farmec Cluj-Napoca, Romania’s leading cosmetics manufacturer, also active on the retail market, marks the launch of its franchise system for its... more
Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal
more
Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft
more
Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private
more
Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /
more
Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.
more
The number of tourists in Romania grew 6.7% in 2018 and the turnover generated by the hotel industry is estimated at EUR1.2 billion,
more
Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level
more
Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in
moreAnalysis
Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term
The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.
