Schaeffler Factory In Brasov Posts 11% Higher Turnover, Of RON2.2B, In 2018
yesterday, 21:21
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler group, reported a 11.5% higher turnover year-on-year in 2018, of over RON2.2 billion (nearly EUR475 million), according to ZF calculations based on company and Finance Ministry data.
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Coface: Romania Ranks 2nd In EU By Share Of Retail Products In Total Imports yesterday, 20:14
Romania ranks second among European Union Member States regarding the share of imported retail products, reaching 53% of the total value of imports... more
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Trade Register: Beginner Entrepreneurs Set Up 47,069 Startups In Romania From 2011 Until End-March 2019 yesterday, 19:36
Beginner entrepreneurs established 47,069 limited liability companies – startups (SRL-D) from 2011 until the end of March 2019, according to... more
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Retailer elefant.ro Aims To Break Even As Soon As Possible; Eyes Profit In 2021 yesterday, 19:20
Elefant Online SA, the company that runs elefant.ro, one of the largest local online stores, wants to break even (total cost and total revenue are... more
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More Than 20,000 Firms In Romania May Get EUR3M To EUR25M Financing From Poland’s CVI yesterday, 16:11
Polish private debt company Credit Value Investments (CVI), with a EUR200 million budget earmarked for investments in the sector of small and... more
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Electrica Approves Distribution Of Dividends At 6.8% Yield From 2018 Net Profit yesterday, 14:42
Shareholders of Electrica (EL.RO), the largest electricity distributor in Romania, on Thursday approved a proposition of the company’s Board of... more
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Chimcomplex Becomes Romania's Largest Exporter after Acquiring Oltchim Assets yesterday, 14:12
Romanian chemical producer Chimcomplex said Thursday it has become the country's largest exporter and its turnover grew to RON343.3 million in the... more
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Imobiliarium: Luxury Homes In Bucharest See 2% To 5% Price Declines yesterday, 13:33
The luxury home segment saw price decreases of 2% to 5% in some of Bucharest’s districts and more attractive offers are seen in northern... more
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Romania Private Lending Grows 1.2% on Month in March yesterday, 12:05
Private lending in Romania grew 1.2% (+0.7% in real terms) in March compared with February, to RON254.92 billion, central bank data showed Thursday. more
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Teraplast Group Posts 34% Turnover Growth in 1Q, to RON174.6M yesterday, 11:13
Building materials manufacturer TeraPlast Group said Thursday its turnover grew 34% on the year in the first quarter of 2019, to RON174.6 million,... more
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Furniture Maker Aramis Invest: We Export RON1B Furniture, Import RON500M Parts A Year yesterday, 09:54
Baia Mare-based furniture manufacturer Aramis, a business held by local entrepreneurs Vladimir Iacob and Marius Selescu, works with several foreign... more
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Banca Transilvania Posts 19% Profit Growth in 1Q, to RON436M yesterday, 09:39
Banca Transilvania, Romania's leading lender by assets, on Thursady reported a net profit of RON436 million for the first quarter of 2019, up 19.1%... more
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MaxBet Sees RON145M Profit In 2018 yesterday, 09:30
Gaming company MaxBet ended 2018 with 571 million lei (EUR120 million) revenue, 20% higher than in 2017, Finance Ministry data show. The company... more
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Romanian Parliament Passes Bill to Repatriate Gold Reserve yesterday, 09:09
Romania’s Chamber of Deputies passed on Wednesday, as a deciding body, a bill initiated by the ruling Social Democrat Party (PSD) to repatriate... more
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Last Four Major Companies to Go Public, Disappointment to Investors yesterday, 00:00
Digi Communications (DIGI.RO), Sphera Group (SFG.RO) and Purcari (WINE.RO) are now trading lower than their first trading price, while MedLife... more
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Romania Approves Memorandum For $2.5M Loan To Fund Justice Quarters Realty Project 04.24.2019
The Romanian Government on Wednesday approved a memorandum of the Finance Ministry for receiving a downpayment of $2.5 million from the... more
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Four Turkish Industrial Groups Build EUR180M Plants, Create Over 1,100 Jobs In Romania 04.24.2019
Turkish industrial group Coskunoz is investing EUR20 million in the construction of a car parts factory in the locality of Dragasani (Olt County),... more
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Eurostat: Romania Posts Highest Government Debt-To-GDP Ratio In EU, In 4Q/2018 04.24.2019
Romania’s government debt reached 0.8% of the gross domestic product in the fourth quarter of 2018, compared with the third quarter of 2018,... more
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Dan Bucsa, UniCredit: Consumption, A Determining Factor For Romania’s GDP Growth In 2019 04.24.2019
Consumption will have the biggest contribution inRomania's gross domestic product (GDP) in 2019, and investments will not contribute to the... more
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Romania Grants RON151M State Aid to Nine Investment Projects 04.24.2019
Romania's finance ministry has signed nine financing agreements granting state aid totaling RON151.1 million to nine investment projects through a... more
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Colliers: Companies Lease 105,000 Sqm of Office Space in Bucharest in 1Q/2019 04.24.2019
Activity on the Bucharest office market started with moderate results in the first quarter of 2019, with total demand of 105,000 sqm, of which net... more
Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal
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Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft
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Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private
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Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /
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Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.
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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,
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Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level
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Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in
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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.
