Transelectrica Profit Triples in 2018, to RON89M

Transelectrica Profit Triples in 2018, to RON89M

02.15.2019

Romanian state-run power grid operator Transelectrica (TEL.RO) on Friday reported a net profit of RON89 million, triple compared with 2017, despite a drop of 11% in total revenue, to RON2.7 billion.

Romania’s Banking System Profit Hits Record High of Over RON7B in 2018 Romania’s Banking System Profit Hits Record High of Over RON7B in 2018

The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an

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Four Companies Vie For EUR40M Construction Contract Of Brasov-Ghimbav Airport Terminal Four Companies Vie For EUR40M Construction Contract Of Brasov-Ghimbav Airport Terminal

Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have

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Germany’s Zeitfracht Group Acquires 10% In Airline Blue Air Germany’s Zeitfracht Group Acquires 10% In Airline Blue Air

German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share

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C&W Echinox: Office Transactions Hit EUR95M in Romania in 2018 C&W Echinox: Office Transactions Hit EUR95M in Romania in 2018

Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the

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Chitila Turns Into Bucharest’s Future Logistics And Industrial Hub Chitila Turns Into Bucharest’s Future Logistics And Industrial Hub

Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the

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World Bank Lowers Romania GDP Growth Projections to 3.5% in 2019, 3.1% in 2020 World Bank Lowers Romania GDP Growth Projections to 3.5% in 2019, 3.1% in 2020

The World Bank has revised its economic growth projections for Romania and now sees GDP growth at 3.5% in 2019 from 4.5% in its June

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Nestle To Shut Down Its Romanian Factory Nestle To Shut Down Its Romanian Factory

Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the

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Romania's Fiscal Instability, Main Challenge for Businesses in 2019 Romania's Fiscal Instability, Main Challenge for Businesses in 2019

Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania,

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Analysis

Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term 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.