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.

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
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
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

Private Healthcare Network Regina Maria Up For Sale

Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal

Romanian Government Softens Bank Tax, Disconnects It from Money Market Rates

Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft

Romania To Postpone Capital Hike Requirements for Private Pension Funds until May 31

Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private

Nuclearelectrica Signs USD $119M Framework Agreement With General Electric

Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /

Blue Air Signs New Agreement With TAROM

Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.

Romania Hotel Industry Turnover At EUR1.2B In 2018; Bucharest, Among Most Dynamic European Markets

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,

CFA: Financial Analysts’ Confidence In Romania’s Economy Perks Up in February

Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level

Canada’s Molson Coors Group, Bergenbier Owner, Leases 6,000 Sqm Within The Bridge Office Space Project

Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in

Analysis

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.