Medlife Group 2018 Turnover Up 27% To RON794M; Net Profit Nearly Doubles To RON16.4M
today, 10:47
Medlife Group on Monday said it registered a turnover of RON794 million in 2018, up 27% year-on-year, and its net profit nearly doubled to RON16.4 million, compared with RON8.7 million in 2017, according to its preliminary financial report.
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Central Bank Says Disconnecting Bank Tax from Money Market Rates Is Crucial 02.15.2019
Board members of Romania's central bank said it is essential that the country's new tax on banks' financial assets is disconnected from benchmark... more
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Press Review - February 15, 2019
02.15.2019
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Kaercher Made EUR60M Worth of Vacuum Cleaners in Curtea De Arges in 2018 02.15.2019
Kaercher’s Curtea de Arges vacuum cleaner plant saw its revenue grow by 20% to more than EUR60 million in 2018. The company budgeted the same... more
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Romanian Airline Companies Blue Air, Tarom Sign Two Partnerships 02.14.2019
As members of the International Air Transport Association (IATA), Romanian airline companies Blue Air and Tarom have signed two partnerships... more
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Parliament Approves 2019 Budget Amendment Increasing Child Allowances 02.14.2019
The combined chambers of the Romanian Parliament approved on Thursday a Liberal Party amendment to the 2019 budget bill which raises allowances for... more
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AMCHAM: Lack Of Predictability, Poor Quality Of Public Policies Significantly Affect Business Environment 02.14.2019
Politicians’ declared desire to ensure the conditions needed for people to benefit from accessible lending costs cannot be achieved by... more
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Finance Ministry Rejects All Bids on 11-Month T-Bills 02.14.2019
Romania's finance ministry on Thursday rejected all bids for 11-month treasury bills after raising a, central bank data showed. more
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Romania Raises RON320M Selling June 2024 Bonds at 4.29% Average Yield 02.14.2019
Romania's finance ministry on Thursday raised 320 million lei (EUR67.4 million) selling treasury bonds maturing in June 2024, the new five-year... more
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Three-Month Money Market Rate Keeps Upward Trend, Reaches 3.17% 02.14.2019
The three-month money market interest rate used to calculate interests for consumer loans in lei, grew to 3.17% a year on Thursday, from 3.15% a... more
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GfK: Romania Durable Goods Market Up 13% On Year To EUR3.4B In 2018 02.14.2019
The Romanian durable goods market rose 13% year-on-year to EUR3.4 billion in 2018, according to a GfK TEMAX survey. more
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Mindspace Opens Co-Working Space in Globalworth Campus in Bucharest 02.14.2019
Mindspace, an Israel-based global provider of co-working spaces, has opened its first co-working center in Romania, in the Tower 1 building in... more
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Eurostat: Romania Posts Fourth Biggest GDP Growth in EU in 4Q/2018 02.14.2019
Romania posted the fourth largest annual economic growth in the European Union in the fourth quarter of 2018, of 4%, on a par with Slovakia,... more
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Finance Ministry Official Says Bank Tax on Assets is Quarterly 02.14.2019
Romania's tax on banks' financial assets is to be levied quarterly on the quarterly assets balance, an official at the Ministry of Finance said... more
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Aerostar Bacau Net Profit Grows 50% in 2018, to RON79.9M 02.14.2019
Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) on Thursday reported a 50% growth in net profit for 2018, to RON79.9... more
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JLL: Bucharest Office Vacancy Rate AT All-Time Low in 2018 02.14.2019
The vacancy rate on the Bucharest office market dropped to an all-time low of around 6.6% in 2018, compared with 9.2% at the end of 2017, amid... more
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Huawei Takes Top Spot on Tablet Market in Romania, Plans to Open New Stores 02.14.2019
China’s Huawei, the second largest smartphone vendor in Romania, took the top spot of the tablet market at the end of last year and plans to... more
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Dutch Remon Vos Becomes Largest Owner of Logistics Space in Romania 02.14.2019
Industrial and logistics space developer CTP, held by Dutch entrepreneur Remon Vos, has reached one million square meters of logistic and... more
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Romania's GDP Grows 4% YoY in Real Terms in 2018 02.14.2019
Romania's gross domestic product grew 4.1% on the year in 2018 (4% in real terms), a flash reading from the country's statistics board showed... more
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Press Review - February 14, 2019
02.14.2019
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Underwear Manufacturer Hanes Global Supply Chain Romania Closes Arad Plant 02.14.2019
Hanes Global Supply Chain Romania, formerly Rosko Textil, has closed the plant it had in Arad-Curtici Free Trade Zone, market sources say. more
The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an
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Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have
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German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share
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Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the
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Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the
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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
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Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the
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Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania,
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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.
