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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Gral Medical Opens Medical Imaging Unit Within OncoFort Pitesti Hospital, In EUR5M Investment 02.13.2019
Gral Medical, one of the leading players on the private medical services market, has opened a medical imaging unit within OncoFort Pitesti... more
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Tuborg Beer Owner Buys Muller Yogurt Importer 02.13.2019
Romania’s Competition Council has approved the transaction whereby the company Central Bottlings Company Ltd, which owns Tuborg, is acquiring the... more
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BRD Pensii Has New General Manager 02.13.2019
The Executive Board of Romania’s Financial Supervisory Authority has decided in its meeting of February 13, 2019 to appoint Alina-Cecilia... more
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Consumer Loan Firm BRD Finance Appoints Marc Rey As General Manager 02.13.2019
BRD Finance, one of the leading players on the consumer loan market, held by BRD - Groupe Société Générale, has appointed Marc Rey as general... more
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BT Analyst: Difficult Investment Climate Expected To Persist In Upcoming Quarters 02.13.2019
Andrei Radulescu, macroeconomic analysis director with Banca Transilvania (BT), expects a difficult investment climate to persist locally in... more
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EC Allots EUR517M for Bucharest Airport Metro Line 02.13.2019
The European Commission on Wednesday approved EUR517 million financing for a new metro line in Bucharest that would eventually run to the Otopeni... more
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Three-Month Money Market Rate Grows To 3.15% 02.13.2019
The three-month money market interest rate used to calculate interests for consumer loans in lei, grew to 3.15% a year on Wednesday, the highest... more
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Romania's Current Account Deficit Widens to EUR9.4B in 2018 02.13.2019
Romania's current account balance posted a deficit of EUR9.416 billion in 2018, nearly 60% higher than the EUR5.97 billion deficit recorded in... more
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New Car Registrations Up 18.8% on Year in January, Used Car Registrations Down 8% 02.13.2019
New car registrations in Romanian grew 18.8% in January compared with January 2018, to 13,952 units, data from Romania’s association of... more
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Oil Terminal Posts 93% Drop in Net Profit in 2018 02.13.2019
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO), majority owned by the Romanian state, posted a 93% annual drop in net... more
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Romania’s Banking System Profit Hits Record High of Over RON7B in 2018 02.13.2019
The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an outstanding profit... more
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Romania Inflation Rate Flat at 3.3% in January 02.13.2019
Romania's annual inflation rate stood at 3.3% in January, the same as in December 2018, data from the country's statistics board showed Wednesday. more
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Press Review - February 13, 2019
02.13.2019
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Footwear Manufacturer Rieker Set to Close Romanian Plants 02.13.2019
Swiss-held footwear manufacturer Rieker closes plants in Romania will cease manufacturing operations in Romania and will close the plants in Lugoj,... more
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Four Companies Vie For EUR40M Construction Contract Of Brasov-Ghimbav Airport Terminal 02.12.2019
Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have joined the race... more
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Germany’s Zeitfracht Group Acquires 10% In Airline Blue Air 02.12.2019
German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share capital, Blue Air... more
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Chitila Turns Into Bucharest’s Future Logistics And Industrial Hub 02.12.2019
Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the context in... more
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C&W Echinox: Office Transactions Hit EUR95M in Romania in 2018 02.12.2019
Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the Romania... more
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Isarescu Says Bank Tax Is an Attack on Central Bank Independence 02.12.2019
Romanian central bank governor Mugur Isarescu said the tax on bank assets is an attack on the independence of the institution, as it hinders... more
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Electricity Distribution Companies In Romania Target RON1.6B Investments In 2019 02.12.2019
The eight electricity distribution operators, holders of concession contracts for electric power distribution, plan to carry out investments worth... more
The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an
more
Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have
more
German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share
more
Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the
more
Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the
more
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
more
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,
moreAnalysis
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.
