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.

Black Sea Oil & Gas Signs Gas Sales Agreement with Engie
11.20.2018

Black Sea Oil & Gas (BSOG), owned by Carlyle International Energy Partners and EBRD, announced Tuesday it has signed an agreement with Engie for... more
Volintiru, Romgaz: We’re Contributing To National Effort, May Not Make Some Investments In 2019
11.16.2018

Romgaz (SNG.RO), the largest natural gas producer in Romania, says the best-case scenario would have had its investment budget at 2.35 billion lei... more
Transelectrica Profit Grows 51% in Jan-Sept, to RON98M
11.15.2018

Romanian state-run power grid operator Transelectrica (TEL.RO) on Thursday reported a net profit of RON98 million for January-September, 51% higher... more
Alro Net Profit Falls 13% in Jan-Sept, to RON224M
11.15.2018

Alro Slatina (ALR.RO), one of the largest vertically integrated aluminum producers in Europe, on Thursday said its net profit dropped 13% on the... more
Enel To Invest EUR20M To Install 2,500 Electric Vehicle Charging Stations in Romania
11.13.2018

Enel X Romania, member of Enel Group's advanced energy services division, launched an infrastructure development plan Tuesday and seeks to install... more
Oltchim 9-Month Net Profit Doubles To RON84M
11.13.2018

Insolvent chemical plant Oltchim Ramnicu Valcea (OLT.RO) on Tuesday said its net profit soared 110.4% year-on-year to nearly RON84 million (EUR18... more
EximBank Lends RON150M to Romelectro for Ongoing Projects
11.12.2018

State-owned lender EximBank said Monday its has granted a credit facility of RON150 million to Romelectro, one of the largest energy project... more

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

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

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

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

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

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

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

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,

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.