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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Nuclearelectrica Denies Additional Dividends to Romanian Government 05.13.2019
Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO) said Monday it was not in a position to pay the government additional... more
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Pillar II Pension Funds Increased Exposure to Romanian Stocks by RON300M in H2, 2018 05.13.2019
The managers of the Pillar II pension funds with 51 billion lei (over EUR10 billion) assets and 7.3 million members have increased their exposure... more
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SIF Oltenia Approves Changes To Its Articles Of Incorporation, Cut In Number Of Executive Board Members 05.10.2019
Shareholders of regional investment fund SIF Oltenia (SIF5.RO) approved within the Extraordinary General Meeting of May 9, 2019 changes to the... more
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Aerostar Bacau 1Q Net Profit Drops 22%, to RON16.4M 05.10.2019
Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) on Friday reported a net profit of RON16.4 million for the first quarter of... more
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NN Group Reaches 5.07% Stake in Sphera Franchise Group 05.09.2019
Dutch-held NN Group has reached a stake of 5.07% in Sphera Franchise Group, which manages over 100 restaurants under the KFC, Pizza Hut and Taco... more
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Banca Transilvania Financial Group Posts RON507.46M Net Profit in 1Q/2019 05.09.2019
Banca Transilvania Financial Group reported a net profit of RON507.46 million and assets totaling RON79.7 billion in the first quarter of 2019, the... more
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Government Claims 35% of Nuclearelectrica's Reserves 05.03.2019
The Romanian government has required state-owned nuclear power company Nuclearelectrica to give it 35% of the amounts set as other reserves either... more
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Pillar II Private Pension Funds Had Net Assets Of RON51B End-March 2019 05.02.2019
Net assets of mandatory private pension funds in Romania (Pillar II) stood at nearly RON51 billion at the end of March 2019, up 20% on the year,... more
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Garanti Bank Posts RON111M Profit in 2018 04.30.2019
Lender Garanti Bank reported a net profit of RON111.86 million for 2018 and operating revenue of RON428 million, the bank said in its annual... more
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Electrica Approves Distribution Of Dividends At 6.8% Yield From 2018 Net Profit 04.25.2019
Shareholders of Electrica (EL.RO), the largest electricity distributor in Romania, on Thursday approved a proposition of the company’s Board of... more
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Chimcomplex Becomes Romania's Largest Exporter after Acquiring Oltchim Assets 04.25.2019
Romanian chemical producer Chimcomplex said Thursday it has become the country's largest exporter and its turnover grew to RON343.3 million in the... more
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Teraplast Group Posts 34% Turnover Growth in 1Q, to RON174.6M 04.25.2019
Building materials manufacturer TeraPlast Group said Thursday its turnover grew 34% on the year in the first quarter of 2019, to RON174.6 million,... more
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Banca Transilvania Posts 19% Profit Growth in 1Q, to RON436M 04.25.2019
Banca Transilvania, Romania's leading lender by assets, on Thursady reported a net profit of RON436 million for the first quarter of 2019, up 19.1%... more
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Last Four Major Companies to Go Public, Disappointment to Investors 04.25.2019
Digi Communications (DIGI.RO), Sphera Group (SFG.RO) and Purcari (WINE.RO) are now trading lower than their first trading price, while MedLife... more
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TMK-Artrom Slatina Owner Seeks to Sell 69M Shares on Stock Market 04.24.2019
Russian TMK, owner of industrial pipe manufacturer TMK-Artrom Slatina (ART.RO), plans to launch a second public offering on the Bucharest Stock... more
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Chemical Plant Oltchim Opens Bankruptcy Procedures 04.23.2019
The consortium of judicial administrators of insolvent chemical plant Oltchim Ramnicu Valcea has started bankruptcy procedures after the company's... more
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SIF Muntenia Saves 2018 Profit to Buy Back 4.59% of Its Share Capital 04.23.2019
Shareholders of Romanian regional investment fund SIF Muntenia (SIF4.RO) have approved disbursing the company's RON22.7 million profit from 2018... more
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SIF Moldova Approves Distribution Of Dividends At 2.6% Yield 04.18.2019
Shareholders of regional investment fund SIF Moldova (SIF2.RO) have approved, within their general meeting on April 18, the distribution of a gross... more
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BRD Approves Distribution Of Gross Dividend Of RON1.64/Share, At Nearly 12% Yield 04.18.2019
Shareholders of BRD - Société Générale, the third largest bank by assets on the Romanian market, on Thursday approved the distribution of a... more
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NN Pension Funds Hold Over 5% In Transelectrica - The Equivalent Of RON80.4M Holding 04.11.2019
Pension funds managed by NN, the largest private pension fund administrator in Romania, have increased their holding in state-run power grid... 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.
