TeraPlast Cashed RON373M From Sale Of Steel Division To Kingspan; Seeks To Pay Special Dividend
02.26.2021
TeraPlast Group has announced the closing of the transaction for the sale of the steel products division to Kingspan Group. On February 26, the shares of TeraPlast in TeraSteel Romania and Serbia, respectively Wetterbest, were transferred to Kingspan, at which point the transaction price of RON373 million was paid, per a stock market report.
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Rompetrol Rafinare Posts RON885M Loss In 2020 02.26.2021
Rompetrol Rafinare (RRC.RO), part of KMG International Group, ended 2020 with a loss of USD220.15 million (RON885 million), from a loss of RON49... more
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Purcari 2020 Net Profit Up 49% To RON60M, Turnover Up 2% To RON203M 02.26.2021
Winemaker Purcari Wineries (WINE.RO) on Friday said it ended 2020 with a net profit of RON60.4 million, up 49% on the year, and revenue of RON203.3... more
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Romanian Hidroelectrica Seeks To Develop Green Hydrogen Project Jointly With Austrian Verbund 02.26.2021
Romania’s Hidroelectrica, the largest electricity producer in Romania, is summoning its shareholders on March 29, 2021, to approve a memorandum... more
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Agroland Debuts On Bucharest Stock Exchange AeRO Market On March 1, 2021 02.26.2021
Agroland Business System, the most extensive farming store chain in Romania held by businessman Horia Cardos, will start trading its shares Monday,... more
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Aerostar Bacau 2020 Net Profit Plunges 41.7% To RON38.4M, Turnover Drops 26% To RON294.8M 02.26.2021
Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) ended 2020 with a net profit of RON38.44 million, down 41.7% on the year,... more
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BRK Financial Group Posts RON1.5M Consolidated Net Profit, RON11.5M Revenue From Intermediation Activity 02.26.2021
BRK Financial Group (BRK.RO), the only broker listed on the Romanian stock market, ended 2020 with a consolidated net profit of RON1.5 million,... more
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Compa Sibiu 2020 Net Profit Halves To RON14.5M, Revenue Drops 27.3% To RON558M 02.26.2021
Car parts manufacturer Compa Sibiu (CMP.RO) ended 2020 with a net profit of RON14.5 million, down 55.6% versus 2019, and with total revenue of... more
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Erste Group Sees Romania’s Economy Growing 4.2% In 2021 02.26.2021
Austria’s Erste Group, owner of Banca Comerciala Romana, on Friday released a report regarding the evolution of economies of countries in Central... more
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Alro Switches to RON328.9M Profit in 2020 from 2019 Loss 02.26.2021
Alro Group (ALR.RO), one of Europe’s largest vertically integrated aluminum producers, on Friday reported a net profit of RON328.9 million for... more
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Telekom Romania Group Revenue Declines 3% in 2020, to EUR951M 02.26.2021
Telekom Romania Group on Friday reported consolidated revenue of EUR951 million in 2020, down 3% compared with 2019, while its EBITDA adjusted to... more
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Romanian Government Sells New Bond Issues on Capital Market in March 02.26.2021
Romania's finance ministry is listing three Fidelis bond issues for the general population on the Bucharest Stock Exchange in a primary offer... more
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BCR Net Profit Grows 27% in 2020, to RON814.1M 02.26.2021
Erste's Banca Comerciala Romana (BCR), the second largest lender in Romania by assets, on Friday reported a net profit of RON814.1 million... more
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MedLife Posts 246% Growth in Net Profit in 2020, to RON62M 02.26.2021
MedLife Group (M.RO), the leader of the private medical services market in Romania, on Friday reported a net profit of RON62 million for 2020, up... more
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Sphera Group Reports RON2.3M Net Loss in 2020 as Pandemic Disrupts Business 02.26.2021
Sphera Group (SFG.RO), the franchise operator of KFC, Pizza Hut and Taco Bell restaurants in Romania, reported a net loss of RON2.3 million for... more
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Equiliant Capital Buys Minority Stake In Victoria Dental Clinic 02.25.2021
Equiliant Capital, the own investment fund of Paval brothers, the owners of do-it-yourself chain Dedeman, on Thursday announced the first... more
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Banca Transilvania Ends 2020 With RON1.48B Net Profit, RON4.5B Operating Revenue At Group Level 02.25.2021
Banca Transilvania (TLV.RO), Romania’s largest lender in Romania by assets, ended 2020 with a net profit of RON1.476 billion, at group level,... more
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Posta Romana Announces Massive Investments In Upgrades, Digitalization 02.25.2021
Romania's state-owned postal operator Posta Romana (CNPR)on Thursday announced the start of the largest investment of the last four decades for... more
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Software Company Life is Hard Gets Shareholder Approval For EUR1.5M Bonds 02.25.2021
Shareholders of Life is Hard (LIH.RO), a software solutions provider listed on the Bucharest Stock Exchange, approved the issue of corporate,... more
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Prebet Aiud 2020 Net Profit Surges 51.4% YoY To RON8.5M 02.25.2021
Prebet Aiud (PREB.RO), a manufacturer of precast products made of reinforced and prestressed concrete, ended 2020 with a net profit of RON8.5... more
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Romcarbon Buzau Profit Grows 131% in 2020, to RON0.85M 02.25.2021
Romcarbon Buzau (ROCE.RO), one of the major plastic packaging producers in Romania, on Thursday reported a net profit of RON856,514 for 2020,... more
FAN Courier, the leading courier services company in Romania, expects to end the year with a turnover of EUR205 million – close to
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Swedish real estate developer Skanska has sold office buildings Campus 6.2 and Campus 6.3 in Bucharest to Austrian developer S Immo,
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SoftOne Romania, a member of Greek investment group Olympia, continues its expansion by acquiring Orosimo Software, a software
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TeraPlast, the parent-company of TeraPlast Group, announced Friday the sale of its window profiles business to Dynamic Selling Group, a
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U.S. automaker Tesla is in a straight line with the opening of a center in capital city Bucharest and, for starters, it seeks to employ
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Romania plans to invest over EUR22 billion in its energy sector in the next ten years, according to the country's draft energy strategy
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Romania will sign a financing agreement totaling $8 billion with the United States for the refurbishment of one nuclear reactor and the
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The European Commission said Monday it has approved, under EU State aid rules, a RON21.3 million (approximately EUR4.4 million)
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DCS Plus, Druid and Tremend are the Romanian companies recognized in the Deloitte 2020 Central Europe Technology Fast 50 program in the
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Pet food and other care product sales will increase by 13% to almost 3 billion lei this year, data provided by market research company
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Romania’s Automotive Industry Loses EUR5B in Revenue Due to Production Halt in Spring
The revenue of Romania’s automotive industry shrank by 15% from more than EUR30 billion in 2019 to some EUR25 billion this year, data from Romania’s carmaker association ACAROM shows.
