Top 30 IT&C Employers Had Almost 70,000 Employees and RON30.2B Revenue in 2018
08.16.2019
Cable TV provider RCS&RDS, the subsidiaries of US giants Oracle and IBM, the fixed service company of the Telekom group and eMAG, the largest online retailer in Romania, had the highest average headcount of the entire IT&C industry in 2018, ZF has found from their filings with the Finance Ministry.
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Zentiva 1H Net Profit Grows 36%, to RON49M 08.14.2019
Pharmaceutical producer Zentiva Romania (SCD.RO), 95.9% owned by Czech Zentiva Group, on Wednesday reported a net profit of RON48.9 million, up 36%... more
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Hidroelectrica's 1H Profit Falls 8.3%, to RON901.5M 08.14.2019
Romanian state-owned hydropower producer Hidroelectrica posted a turnover of RON2.3 billion in the first half of the year, up 18%, but its profit... more
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Romgaz Profit Grows 24.7% in 1H, to RON975M 08.14.2019
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) on Wednesday reported a net profit of RON975 million for the first half of the... more
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Electrica Posts RON109M Profit in 1H, Offsetting 1Q Loss 08.14.2019
Romanian state-owned energy utility group Electrica (EL.RO) on Wednesday reported a consolidated net profit of RON109 million for the first half... more
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Transgaz Net Profit Drops 30% in 1H, to RON195M 08.14.2019
Romania's natural gas transmission company Transgaz (TGN.RO) on Wednesday reported a 30% drop in net profit for the first half of the year, to RON... more
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Nuclearelectrica 1H Net Profit Grows 59.4%, to RON290M 08.14.2019
Romania's nuclear power producer Nuclearelectrica (SNN.RO), operator of the power plant in Cernavoda, on Wednesday reported a net profit of... more
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Banca Transilvania 1H Net Profit Grows 28%, to RON848M 08.14.2019
Romanian lender Banca Transilvania, the largest bank on the local market, reported a net profit of RON848 million in the first half of the year,... more
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Romania's GDP Grows 4.4% YoY in 2Q/2019 08.14.2019
Romania's gross domestic product grew an annual 4.4% in the second quarter of 2019, a flash reading by the country's statistics board showed... more
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Results of Tax Incentives for Construction Sector Not As Good As Expected 08.14.2019
The return of Romanians working abroad home to take construction jobs – a goal that the government set when it passed the Emergency Ordinance... more
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Top 30 Loss-Makers In IT&C Sector RON1.36B In The Red In 2018 08.14.2019
The 30 worst net losses posted by IT&C companies in 2018 stood at 1.36 billion lei (EUR292 million), with telecoms leading the way into the red, ZF... more
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Impact Developer & Contractor 1H Revenues From Sale Of Realty Properties Soar 90% To RON79.5M 08.13.2019
Real estate developer Impact Developer & Contractor (IMP.RO) ended the first half of 2019 with revenues of RON79.5 million from the sale of real... more
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Romania Ranks Third In CEE By Value Of Real Estate Transactions In 1H/2019 08.13.2019
The value of real estate transactions grew nearly 6% in the first half of 2019, to approximately EUR410 million, accounting for nearly 10% of the... more
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City Grill Group Reports 11% Higher Turnover, Of RON90M, YoY In 1H/2019 08.13.2019
City Grill Group, one of the leading players in the local restaurant industry, held by entrepreneur Dragos Petrescu, ended the first half of 2019... more
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Conpet Ploiesti 1H Turnover Up 8.5% To RON200.6M; Net Profit Up 44% To RON31M 08.13.2019
State-run oil transporter Conpet Ploiesti (COTE.RO) on Tuesday said its turnover grew 8.5% year-over-year, to RON200.6 million, in the first half... more
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BCR To Become Biggest Tenant in Business Garden Bucharest 08.13.2019
Lender BCR will become the biggest tenant of the Vastind's Business Garden Bucharest office compound in the Grozavesti area, after renting 14,000... more
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MedLife Group Sales Grow 23% in 1H, Profit Grows 130%, to RON14M 08.13.2019
MedLife, the leading private healthcare provider in Romania, on Tuesday reported consolidated sales of RON468 million for the first half of the... more
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Vertiv Relocates Cluj-Napoca HQ to Advancity Business Center 08.13.2019
US hardware and software producer Vertiv has relocated its headquarters in Cluj-Napoca after renting 4,500 sqm in the Advancity Business Center... more
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Romania Current Account Deficit Widens to EUR5.135B in 1H/2019 08.13.2019
Romania's current account balance posted a deficit of EUR5.135 billion in the first half of 2019, compared with a deficit of EUR3.717 billion in... more
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Sphera Franchise Group 1H Sales Grow 27%, to RON446M 08.13.2019
Sphera Franchise Group, which manages over 100 restaurants under the KFC, Pizza Hut and Taco Bell brands, said Tuesday its consolidated sales grew... more
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Alro Slatina Reports 3.7% Lower Consolidated Turnover, Of RON1.5B, In 1H/2019 08.12.2019
Alro Slatina (ALR.RO), one of the largest vertically integrated aluminium producers, by capacity, in Europe, on Monday said it registered a... 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.
