SIF Oltenia Signs Contract With Erste Group For Sale Of Its 6.29% Stake In BCR For EUR140M
today, 16:42
Romanian regional investment fund SIF Oltenia (SIF5.RO) on Thursday signed a contract for the sale of 1.02 billion shares in Banca Comerciala Romana (BCR) to Austria’s Erste Group Bank, the majority shareholder of BCR, within a transaction of EUR140 million.
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Transelectrica Sues Energy Regulator For Reducing Electricity Transport Tariffs today, 20:47
Romanian state-run power grid operator Transelectrica (TEL.RO) has sued the country’s energy regulator ANRE for decreasing the regulated... more
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Romania Cigarette Black Market Rose To 18.2% Of Total Consumption In July, Highest Level In 2018 today, 20:24
The black market for cigarettes in Romania grew to 18.2% of total consumption in July, higher by 2.1 percentage points than in May and reaching its... more
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Capital Injections By Foreign Shareholders In Companies In Romania Reach Three-Year Low In 1H/2018 today, 20:01
Capital increases operated by foreign shareholders in companies in Romania reached in the first half of 2018 the lowest level in the last three... more
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Adobe Sees Romanian Revenue Up 23% In H1 today, 17:31
Adobe Romania, the local software research and development center of the US giant by the same name, posted 79 million lei (EUR17 million) revenue... more
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SIF Muntenia Total Revenue Up 11% To RON38M, Net Profit Triples To RON34M On Year In 1H/2018 today, 17:20
Romanian regional investment fund SIF Muntenia on Thursday said its total revenue rose 11% to RON38.3 million in the first half of 2018, compared... more
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Number Of IT Employees In Romania Rose Fourfold Since 2008 To More Than 84,000 In 2018 today, 15:38
More than 84,000 people were working in the Romanian sector of information technology services and information services at the end of June 2018,... more
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EU Agriculture Commissioner Rules Out Crisis Reserve Aid For Swine Fever Epidemic In Romania today, 14:23
EU Agriculture Commissioner Phil Hogan has momentarily ruled out the use of the European crisis reserve scheme in case of the swine fever epidemic... more
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Romania Raises RON91.9M Selling Sept 2031 Bonds at 5.2% Average Yield today, 14:20
Romania's finance ministry on Thursday raised 91.9 million lei (EUR19.72 million) out of a planned RON100 million selling treasury bonds maturing... more
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Libra Internet Bank Net Profit Doubles On Year To Over RON46M In 1H/2018 today, 14:03
Libra Internet Bank on Thursday said its net profit doubled to RON46.39 million in January-June 2018, compared with RON23.96 million in the... more
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IAR Brasov 1H Turnover Down 11% On Year To RON75M, Net Profit Down 30% To RON10M today, 13:38
Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) on Thursday said its turnover fell 11% to RON75.2 million and its... more
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Three-Month Money Market Rate Rises To 3.28% today, 13:18
The 3-month money market interest rate used to calculate interests for consumer loans in lei rose to 3.28% a year on Thursday, from 3.26% a year on... more
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Aerostar Bacau Net Profit Grows 80% in 1H, to RON45M today, 11:36
Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) on Thursday said its net profit grew 80% in the first half of 2018, to RON45... more
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Socep Constanta Gross Profit More than Doubles in 1H/2018 today, 11:29
Romanian maritime port operator Socep Constanta (SOCP.RO) on Thursday reported a gross profit of RON7.4 million for the first half of 2018, more... more
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Transelectrica Profit Flat at RON98M in 1H, Revenues Drop 29% today, 11:15
Romanian state-run power grid operator Transelectrica (TEL.RO) on Thursday reported a net profit of RON98 million for the first half of 2018,... more
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Top Six Lenders In Romania Made RON3.1B Profit In H1 today, 10:16
The big banks in Romania reaped the rewards of the rise in inflation and interbank interests in the first half, with most of them posting... more
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Only Five Of The Top 100 Global Companies Present In Romania Have Over EUR1B Revenue In The Country today, 09:40
Only two of the top ten companies in the world are present in Romania – Toyota Motor (Japan) and Volkswagen (Germany), but none of them have... more
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Press Review - August 16, 2018
today, 09:19
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Blue Air Headed Towards EUR430M Revenue In 2018 today, 00:00
Blue Air, the largest Romanian-owned airline, expects EUR430 million revenue this year compared with EUR412 million in 2017. Domestic operations... more
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Pretzel Shop Chain Luca Doubled Revenue To RON75M In Four Years yesterday, 10:52
Tinervis Group, the operator of the Luca pretzel shop chain held by Romanian entrepreneurs George Adragai and Cosmin Postole, ended 2017 with net... more
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State Aid Delay Hinders EUR110M Bosch Investment yesterday, 09:51
Germany’s Bosch group will not start construction of its new washing machine plant in Simeria, Hunedoara County (central Romania) any sooner than... more
Lender ING Bank Romania on Tuesday reported a net profit of RON345 million for the first half of 2018, on higher revenues and lower
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Hotels, pensions, lodges and motels in Bucharest and in the Constanta and Brasov counties posted more than 2.5 billion lei (EUR538
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Romania’s game development industry is dominated by multinationals and the four largest such companies in the country by revenue in
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Sales of durable goods on the Romanian market rose 11.8% in April-June 2018, to EUR700 million, mostly backed by the telecom segment,
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The 20 largest companies that went insolvent in the first half of 2018 posted 1.5 billion lei (EUR324 million) revenue and had about
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The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the
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The Bucharest Stock Exchange increases the maximum number of companies in its BET index and its total return version BET-TR from 15 to
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C&W Echinox: Romania's Real Estate Market Attracted EUR386M Investments in 1H/2018
The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the previous year, when the investment market reached a value of EUR530 million, according to Cushman & Wakefield Echinox calculations and estimates.
