Alro Group Posts Net Profit of RON235M in 2018, Down 39% on Year
03.26.2019
Alro Group, one of the largest vertically integrated aluminum producers in Europe, registered a net profit of RON235 million in 2018, down 39.8% compared with a net profit of RON391 million in 2017.
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Antitrust Body Looks into Wetterbest's Acquisition of Cortina WTB yesterday, 14:49
Romania's antitrust body said Wednesday it was looking into the acquisition of local metallic tile producer Cortina WTB by Wetterbest, a roof... more
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Fondul Proprietatea Calls for RON1.25B Dividends from Hidroelectrica yesterday, 13:46
Investment fund Fondul Proprietatea (FP.RO), which holds minority stakes in major state-owned companies, has called for hydropower company... more
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Oil Terminal 9-Month Net Profit Nearly Fourfold Higher YoY To RON8M yesterday, 13:00
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) on Wednesday said it ended the first nine months of 2019 with a turnover of... more
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Sphera Franchise Group 9-Month Consolidated Sales Grow 26% YoY To RON694M yesterday, 12:44
Sphera Franchise Group, which holds the franchises of KFC, Pizza Hut and Taco Bell brands on the Romanian market, and the KFC franchise in some... more
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ALRO 9-Month Consolidated Turnover Down 6% YoY To RON2.16B yesterday, 12:01
Alro Slatina , one of Europe’s largest vertically integrated aluminium producers, by capacity, on Wednesday said it registered a consolidated... more
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Future Retirees of Romania Have RON1B Invested in Adidas, Philips, Renault and Louis Vuitton yesterday, 09:00
The future retirees of Romania, whose pension money is now managed by Pillar II private pension funds, have investments in such companies as... more
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Nuclearelectrica Seeks to Pay Dividends of RON513M 11.12.2019
Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO) has summoned a shareholders assembly on Dec 19 to approve the distribution... more
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Atelierele CFR Grivita Seeks to Sell 7,500 Sqm Land 11.12.2019
Rolling stock maker Atelierele CFR Grivita (ATRD.RO) has summoned shareholders for Dec 9 to approve the sale and to set a minimum sale price for a... more
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TMK-Artrom Slatina 9-Month Profit Plunges 88% YoY To RON7.8M 11.12.2019
Industrial pipe manufacturer TMK-Artrom Slatina (ART.RO) on Tuesday said it ended the first nine months of 2019 with revenue of RON917 million,... more
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Bucharest Stock Exchange Group Posts 18% Lower Profit, Of RON6.69M, YoY In Jan-Sept 2019 11.11.2019
The Bucharest Stock Exchange (BVB) Group, which operates the Romanian capital market, reported a profit of RON6.69 million in January-September... more
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Rent-A-Car Company Autonom Raises EUR20M at 4.45% per Annum from Investors 11.11.2019
Rent-a-car company Autonom Services has completed its first bond issue in a EUR20 million private placement with a five-year maturity and 4.45%... more
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Aerostar Bacau 9-Month Net Profit Drops 39% YoY To RON42.4M 11.08.2019
Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) on Friday said it ended the first nine months of 2019 with a net profit of... more
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Bucur Obor 9-Month Net Profit Up 17% YoY To RON9.8M 11.08.2019
Bucur Obor company (BUCU.RO), which owns Bucur Obor shopping center in Bucharest, reported a 17% higher net profit, of RON9.8 million, and a 1%... more
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International Investment Bank Raises RON500M in 3-Year Bond Issue 11.07.2019
International Investment Bank (IIB) has recently attracted a new round of financing on the Bucharest Stock Exchange for the fifth year in a row.... more
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BRD Posts RON1.2B Net Profit in Jan-Sept 11.06.2019
BRD SocGen, the third largest bank in Romania by assets, said Wednesday it recorded a net profit of RON1.2 billion in the first nine months of... more
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Romanian Stock Exchange Second Leading in Europe in 2019 Despite 40% Yield 11.06.2019
The Bucharest Stock Exchange is the second top performing in the European Union, even with a yield of 40% in the first ten months of 2019, enough... more
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MedLife Acquires Micromedica Medical Center 11.05.2019
MedLife Medical System, the leader of the private medical services market in Romania, announced Tuesday it has acquired 100% of Micromedica Medical... more
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Bucharest Stock Exchange Introduces Volatility Interruption Mechanism 11.04.2019
The Bucharest Stock Exchange will apply a volatility interruption mechanism as of December 2 to prevent artificial disturbances of the market... more
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Software Company Life is Hard Profit Grows 67% in Jan-Sept Despite 8% Lower Sales 11.01.2019
Cluj-based software company Life is Hard (LIH.RO) posted a net profit of RON643,511 for the first nine months, up 67.4% on the year, while its... more
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SIF Moldova Profit Grows 81%, to RON112.8M in Jan-Sept 10.31.2019
Regional investment fund SIF Moldova (SIF2.RO), with stakes in Banca Transilvania, Romgaz and Transgaz, Reported on Thursday a net profit of... more
Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal
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Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft
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Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private
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Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /
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Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.
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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,
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Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level
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Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in
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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.
