IAR Brasov Net Profit Soars 50% To RON12.7M, Turnover Up 15.4% To Nearly RON100M YoY In 1Q/2020
05.15.2020
Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) on Friday said it ended the first quarter of 2020 with a net profit of RON12.7 million, up 50.7% on the year, and a turnover of RON99.3 million, up 15.4% on the year, as per the company’s quarterly report.
-
November, Romanian Stock Market’s Best Month in Almost Two Years today, 09:00
The Romanian stock market ended its best month in almost two years, thanks to the 9.12% rise in its main index BET in November, as the rises of... more
-
Investors Bought RON2.7B Worth of Govt Bonds in November Program 11.27.2020
Individual investors bought RON2.7 billion million worth of Fidelis government bonds for the general population in the three-week subscription... more
-
TeraPlast Approves RON45M as Dividends from Jan-Sept Profit 11.27.2020
Shareholders of construction materials producer TeraPlast Bistrita (TRP.RO) on Friday approved the distribution of RON45.3 million as dividends... more
-
Unirea Shopping Center Gets Shareholder Approval For Share Buyback Program Of RON30M Tops 11.27.2020
Shareholders of Unirea Shopping Center (SCDM.RO), which operates two retail centers in Bucharest and Brasov, approved a decision to carry out a... more
-
Insolvent Romcab May Resume Stock Market Trading 11.26.2020
Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO, suspended from trading since February 2017), on Thursday said it had... more
-
2Performant Expects Stock Market Listing By Year-End 11.26.2020
2Performant, a Romanian technology company specialized in e-commerce and digital marketing, expects to start trading its shares under the ticker... more
-
Laptaria cu Caimac Bonds Registered for Stock Market Trading 11.25.2020
Romania's financial regulator has approved the registration in view of trading for bonds issued by Agroserv Mariuta SA, which owns the dairy brand... more
-
Norofert Shareholders Approve Stock Option Plan and Capital Hike 11.25.2020
Shareholders of organic fertilizer producer Norofert (NRF.RO) on Wednesday approved the company's stock option plan and a share capital hike by a... more
-
Broker BRK Financial Group Becomes Market Maker For Purcari Shares 11.23.2020
Winemaker Purcari Wineries (WINE.RO) said it a stock market announcement that it had entered into a Market Maker agreement with BRK Financial Group... more
-
Norofert Group Net Profit Jumps Nearly Fourfold YoY To RON5.3M In Jan-Sept 2020 11.20.2020
Organic fertilizer producer Norofert Group (NRF.RO) on Friday reported consolidated revenue of RON20.4 million for the January-September 2020... more
-
Agroland Closes Private Placement In Advance; Attracts RON38.5M Financing From Investors 11.19.2020
Agroland Business System, a firm developed by entrepreneur Horia Cardos, which owns a chain of supermarkets catering to farmers, on Thursday closed... more
-
MedLife Acquires Veridia Medical Center in Bucharest 11.19.2020
MedLife (M.RO), the leader of the private medical services market in Romania, announced Thursday it has fully acquired the Veridia Medical Center... more
-
KJK Balkan Holding Exits Teraplast Bistrita Shareholding 11.19.2020
Finnish investment fund KJK Balkan Holding has exited the shareholding structure of construction material producer Teraplast Bistrita (TRP.RO)... more
-
OMV Petrom Invested EUR21M in Petrobrazi Refinery in Two Years 11.18.2020
OMV Petrom (SNP.RO), the largest energy company in Southeastern Europe, has invested approximately EUR21 million at Petrobrazi refinery to raise... more
-
Vrancart Adjud Net Profit Drops 35% YoY To RON10.1M In Jan-Sept 2020 11.17.2020
Romanian cardboard and toilet paper manufacturer Vrancart Adjud (VNC.RO) ended the first nine months of 2020 with a net profit of RON10.1 million,... more
-
Atelierele CFR Grivita Net Profit Soars 160% YoY To RON28M In Jan-Sept 2020 11.17.2020
Rolling stock maker Atelierele CFR Grivita (ATRD.RO) reported a net profit of RON27.8 million in the first nine months of 2020, up 160% on the... more
-
Agroland Eyes Private Placement For Stock Sale; Seeks To Attract Nearly RON7.9M Financing 11.17.2020
Agroland Business System, a firm developed by entrepreneur Horia Cardos, which owns a chain of supermarkets catering to farmers, on Tuesday said it... more
-
Impact Developer&Contractor Profit Drops 28% in Jan-Sept, to RON13M 11.17.2020
Real estate developer Impact Developer&Contractor (IMP.RO) on Tuesday reported a net profit of RON13 million for the first nine months of 2020,... more
-
Patria Bank Profit Grows 2% in Jan-Sept, to RON5.98M 11.17.2020
Patria Bank (PBK.RO), held by private equity fund Emerging Europe Accession Fund (EEAF), reported Tuesday a net profit of RON5.98 million for the... more
-
KMG International Considers Sale of Non-Core Assets in Romania 11.17.2020
Rompetrol majority holder KMG International, which owns the Petromidia refinery, announced Tuesday it intends to sell a range of non-core assets in... more
Fondul Proprietatea (FP.RO), which owns 20% in state-owned power producer Hidroelectrica, said Tuesday the government shouldn't approve
more
The global economy is projected to decline by 4.9% in 2020, the International Monetary Fund said in its June 2020 latest World
more
New commercial vehicle registrations in Romania declined by 42.5% in May 2020 compared with May 2019, and by 40.5% year-over-year in
more
Around 60,000 employees in the Romanian auto industry, accounting for roughly a quarter of the total, remain on furlough due to low
more
Romania ranks last but one in the European Union with just 11.1% of waste recycled in 2018 compared with a EU average of 47.2%,
more
Romania's natural gas transmission company Transgaz (TGN.RO) plans to borrow RON300 million for a two-year period to finance its
more
Grocery retail chain Profi, held by buyout investor Mid Europa Partners, continues its expansion at a regular pace, despite the
more
Blue Air, Romania's largest private airline, said Monday it was entering safeguard procedures to continue its activity and avoid
more
A study conducted by agricultural cooperative Cooperativa Tara Mea in July 2020 shows Romania’s vegetable imports grew in 2019,
moreAnalysis
Romanian Households Reach Net Wealth of RON2,157B in 2019
Romanian households’ net wealth reached RON2.157 trillion (over EUR450 billion) at the end of 2019, with real estate assets accounting for 80%, central bank data showed.
