06.15.2023

Ursus Breweries, the beer market leader, posted RON2.279 billion (about EUR462 million) revenue in 2022, up more than 6% from the previous year, Finance Ministry data show. more

06.14.2023

Household appliances manufacturer Electrolux Romania, the local subsidiary of Swedish group Electrolux, posted about RON883.9 million (EUR179.2 million) revenue in 2022, down 18% from the RON1.080 more

06.13.2023

Rolling stock manufacturer Astra Rail Industries, which controls the railroad car manufacturers Astra Vagoane Arad, Romvag (Caracal) and Meva (Turnu Severin), with a history of over 100 years, posted more

06.13.2023

BT Capital Partners, the brokerage division of the Banca Transilvania (TLV.RO) financial group, recorded a net profit of RON5.7 million last year, 42.6% below the RON10 million of 2021, according to more

06.13.2023

Sortilemn (Gherla, Cluj County, NW Romania), one of the most important suppliers of Sweden’s IKEA, posted RON195.3 million (EUR39.6 million) revenue in 2022, an increase of 6.5% on 2021, ZF has more

06.12.2023

Microsoft Romania posted its lowest profit in 20 years in 2022 – RON1.57 million, a decline of 96% on the previous year. more

06.06.2023

Intesa Sanpaolo Romania, the local subsidiary of Italy’s banking group by the same name, posted EUR2 million net profit in the first quarter of 2023, a report of its parent group shows. more

06.01.2023

Paval Holding, the special purpose vehicle of brothers Adrian and Dragos Paval, posted RON1.7 billion revenue and RON1.52 billion net profit in 2022. In comparison, the company, which its owners also more

05.30.2023

China’s Huawei saw growth in Romania in 2022 despite the restrictions it is facing on the 5G technology segment and the decline of the smartphone business due to being denied access to hardware and more

05.29.2023

Therme Nord Bucuresti, the operator of the relaxation complex Therme on the outskirts of Bucharest, posted RON175.3 million revenue in 2022, an increase of 140% on 2021, Finance Ministry data show. more

05.23.2023

Tire maker Pirelli Tyres Romania, the local subsidiary of Italy’s Pirelli, currently owned by state-run China National Chemical, posted RON4.388 billion (EUR889.8 million) revenue in 2022, an more

05.22.2023

Net profit at the level of the Romanian banking system at the end of the first quarter of 203 hit a new record high, of almost RON3.4 billion, up around 70% from the gain reported for 1Q/2022. more

05.18.2023

Romaqua Group, the largest Romanian-held beverage business, ended 2022 with more than RON948 million (more than EUR192 million) revenue, an increase of almost 9% year-on-year, Finance Ministry data more

05.18.2023

Car access and authorization systems manufacturer Huf Romania, part of Germany’s Huf Group, posted about RON505.8 million (EUR102.5 million) revenue in 2022, a 53% increase year-on-year, ZF has more

05.17.2023

Remedia Group (RMAH.RO), which has pharmaceutical wholesale and retail operations and sells robots to pharmacies, posted RON136 million revenue in first quarter of 2023, an increase of 10% on the more

05.16.2023

Vard Tulcea shipyard, one of the largest shipbuilders in Romania and the biggest employer in Tulcea County, ended last year with RON1.2 billion revenue, flat on 2021 and made profit instead of losses, more

05.16.2023

Carbochim Cluj-Napoca (CBC.RO), the largest professional abrasives manufacturer in Romania, posted RON116.8 million net profit in the first quarter of 2023, up from the mere RON1.04 million in the more

05.16.2023

Maspex Romania, one of the largest actors on the non-alcoholic ready to drink beverage market, as well as on the pasta market in Romania, posted more than RON1 billion (EUR207.8 million) revenue in more

05.16.2023

National grid company Transelectrica (TEL.RO) ended the first quarter of 2023 with RON80 million net profit, ten times the net profit of the first quarter of 2022, while operating revenue reached more

05.16.2023

Patria Bank (PBK.RO), a lender listed on the Bucharest Stock Exchange, on Monday evening announced its financial results for the first quarter of 2023: RON4.1 billion banking assets, RON44 million net more

05.16.2023

Rompetrol Rafinare (RRC.RO) a company of the KMG International Group (Rompetrol) saw 10% growth in consolidated gross revenue to almost $1.3 billion in the first quarter of 2023, largely because of more

05.16.2023

Danube freight transporter Transport Trade Services (TTS.RO) posted RON89.1 million consolidated net profit in the first three months of 2023, 112.3% higher than in the fourth quarter of 2022 and more

05.16.2023

Financial investment company SIF Muntenia (SIF4.RO) announced RON21.4 million net profit in the first quarter of 2023, compared with a net loss of RON53.7 million in the year-ago period, in its more

05.10.2023

OTP Bank Romania posted after-tax profit of RON15 million (HUF1 billion) in the first quarter of 2023, compared with RON24 million losses in the year-ago period, which was predominantly impacted by more

05.09.2023

Alpha Bank Romania posted EUR11 million net profit in the first quarter of 2023, while its assets reached EUR4.4 billion, 13% higher than in the year-ago period. more