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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SIF Oltenia Proposes RON84M Dividends From Its 2018 Net Profit, At 7% Yield 03.20.2019
Romanian regional investment fund SIF Oltenia (SIF5.RO) on Wednesday said it will propose its shareholders dividends of RON84 million from its 2018... more
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Digi Communications Proposes Dividends At 2.1% Yield 03.20.2019
Digi Communications (DIGI) on Wednesday said it proposes its shareholders the distribution of a gross dividend of RON0.50 per share, which,... more
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Net Assets Of Investments Funds In Romania Up 2.4% To RON42B In February 03.19.2019
The net assets of the 203 domestic and foreign open-end and closed-end investment funds operating in Romania saw an increase of 2.4% in February... more
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Transgaz Proposes Dividends At 6.4% Yield From 2018 Net Profit 03.19.2019
Romanian state-run natural gas transmission company Transgaz Medias (TGN.RO) on Monday said it will propose its shareholders a dividend of RON21.66... more
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SIF Banat-Crisana Proposes RON27M Dividends From Its 2018 Net Profit, At 2.3% Yield 03.18.2019
Romanian regional investment fund SIF Banat-Crisana (SIF1.RO), proposes its shareholders dividends of RON26.9 million from its 2018 net profit of... more
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Romania Private Pension Funds Had Assets Of RON49.6B In 2018 03.15.2019
The assets managed by private pension funds (Pillar II and Pillar III) reached RON49.6 billion (EUR10.64 billion) at the end of 2018, up 19.40%... more
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TeraSteel Expects 15% Growth in Sales in 2019 03.13.2019
TeraSteel, part of Romanian TeraPlast Group's steel division, targets a turnover growth of over 15% this year, due to investments in the industry,... more
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Romanians May Stop Contributing to Mandatory Private Pensions after 5 Years 03.13.2019
Romanians who contributed for at least five years to the mandatory private pension system known as Pillar II may choose to stop contributing,... more
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FP Manager May Reassess Net Asset Value Over Hidroelectrica Regulated Tariffs 03.05.2019
Franklin Templeton, manager of Fondul Proprietatea (FP.RO), said Tuesday it will analyze whether any adjustment of FP's net asset value is required... more
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Digi Communications CEO Sells RON2M Worth Of Company Shares In March 2019 03.05.2019
Serghei Bulgac, general manager of telecom operator Digi Communications (DIGI.RO), sold 77,500 shares, worth RON2 million, within two sessions... more
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TMK Hires Raiffeisen to Broker Potential SPO on Bucharest Market 03.04.2019
TMK, owner of industrial pipe manufacturer TMK Slatina (ART.RO), has hired Raiffeisen in view of brokering a stock sale operation on the Bucharest... more
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Conpet Ploiesti Turnover Grows 2.2% in 2018, Profit Drops 20% 02.28.2019
State-run oil transporter Conpet Ploiesti (COTE.RO) on Thursday reported a turnover of RON385 million for 2018, up 2.2% compared with 2017. more
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Electrica Posts 15% Growth in Net Profit in 2018, to RON297.9M 02.28.2019
Romanian state-owned energy utility group Electrica (EL.RO) on Thursday reported a net profit of RON297.9 for 2018, up 15% on the year. more
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Cemacon Net Profit Grows 43% in 2018, to RON19M 02.28.2019
Romanian brick maker Cemacon (CEON.RO), held by the Paval brothers, the owners of DIY retailer Dedeman, on Thursday said its net profit grew 43% in... more
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Impact Net Profit Declines 60% in 2018, to RON20.7M 02.28.2019
Real estate developer Impact Developer & Contractor (IMP.RO) on Thursday reported a net profit of RON20.7 million in 2018, 60.4% lower compared... more
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Zentiva Net Profit Nearly Triples in 2018, to RON247M 02.28.2019
Generics manufacturer Zentiva on Thursday reported a net orpfit of RON247 million for 2018, nearly triple compared with a profit of RON86 million... more
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Norway’s Sovereign Wealth Fund Boosted Its Holdings In Banca Transilvania, BRD, Digi In 2018 02.27.2019
Norway's sovereign wealth fund, which manages assets worth nearly $1,000 billion, increased its holding in lender Banca Transilvania, to 1.13% from... more
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Prefab Posts 70% Growth in Net Profit in 2018, to RON2.2M 02.27.2019
Construction materials manufacturer Prefab Bucuresti (PREH.RO) posted a growth of nearly 70% in net profit in 2018, to RON2.2 million from RON1.3... more
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Pillar II Pension Funds Had Average Annualized Yields of 8.03% in Ten Years 02.26.2019
Mandatory private pension funds in Romania (Pillar II) had a total yield of 127.1% between 2008 and 2018, meaning an average annualized yield of... more
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TeraPlast Group Sales Grow 91% in 2018, to RON805M 02.26.2019
Building materials manufacturer TeraPlast Group said Tuesday its turnover increased 91% in 2018, to RON804.9 million, due to the accelerated... 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.
