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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Sale of The Office in Cluj-Napoca Attracts Interest from Ion Tiriac and Paval Brothers 02.08.2019
NEPI Rockcastle and Ovidiu Sandor, the owners of The Office project in Cluj-Napoca, are in talks with several investors to sell it, among whom Ion... more
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Mihai Patrascu, evoMAG: We Ended 2018 with 15% Growth 02.08.2019
Evolution Prest Systems, the company that runs the online store evoMAG.ro, a top ten computer and electronics retailer on Romania’s e-commerce... more
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Press Review - February 8, 2019
02.08.2019
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Wizz Air Plans To Carry 9.5 Million Passengers From Romania In 2019 02.08.2019
Wizz Air, the leader of the local airline market, carried 8.3 million passengers last year, 22% more than in 2017, and is aiming for double-digit... more
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Elis Pavaje Invested EUR3.5M in New Plants in 2018 02.08.2019
Pavement tiles and curbstones maker Elis Pavaje in Alba County, Romania, held by the Gota family, made more than EUR3.5 million investments last... more
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Romanian Central Bank Admits Intervention to Curb Currency Fall 02.07.2019
Romania's central bank intervened in the second half of January to curb the rapid depreciation of the Romanian leu to the euro, central bank... more
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Daimler Starts Production of New 8-Speed Automatic Transmission in Romania 02.07.2019
Daimler's Romanian subsidiary Star Assembly has officially started production of a new, eight-speed automatic transmission for Mercedes-Benz cars. more
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Romania Central Bank Sees Inflation Declining in Next Three Quarters 02.07.2019
Romania's central bank expects annual inflation to decline further during the next three quarters to values even slightly below the ones... more
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Competition Council Clears Takeover Of Some Petrom Assets By Mazarine Energy Romania 02.07.2019
Romania’s Competition Council has approved the transaction whereby Mazarine Energy Romania SRL takes over oil fields belonging to OMV Petrom SA. more
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C&W Echinox: Land Transactions in Bucharest Hit New Record in 2018 02.07.2019
Developers and real estate investors completed land acquisitions with a cumulative value of around EUR245 million last year in Bucharest, a new... more
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BRD CEO François Bloch Convinced Romania's Tax On Bank Assets Will Be Changed Or Scrapped 02.07.2019
François Bloch, Chief Executive Officer of BRD-SocGen, the third largest bank in Romania by assets, told a press statement on Thursday that he is... more
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EC Maintains Romania's 2019 GDP Growth Projection at 3.8% 02.07.2019
The European Commission has maintained its 3.8% economic growth projection for Romania in 2019 in its winter economic forecast released Thursday,... more
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Black Sea Oil & Gas Moves Forward With $400M Midia Gas Project 02.07.2019
Black Sea Oil & Gas , owned by by Carlyle International Energy Partners and EBRD, said Thursday it has decided to move forward with the Black Sea... more
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Bittnet Systems Boosts Share Capital By RON350,000 02.07.2019
IT&C solution integrator and IT training services provider Bittnet Systems (BNET.RO) on Thursday announced a share capital increase by issuing... more
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Romanian Central Bank Keeps Key Rate Unchanged at 2.5% a Year 02.07.2019
Romania's central bank on Thursday kept its benchmark interest rate on hold at 2.5% at its first monetary policy meeting this year, the bank said... more
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SafeTech Innovations Doubles Profit In 2018; Eyes Listing On BVB’s Alternative Trading System AeRO 02.07.2019
Local company Safetech Innovations, specialized in providing cyber security solutions, on Thursday reported a net profit of RON1.1 million for... more
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BRD-Groupe Société Générale Posts Record Profit, Of RON1.54B, In 2018 02.07.2019
BRD - Groupe Société Générale, the third largest bank in Romania by assets, reported a net profit of RON1.54 billion in 2018, up 12% compared... more
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Banks in Romania Paid RON1.2B Tax on Profits in 2018 02.07.2019
The tax on profits commercial banks paid and the transfers from the net revenue of Romania’s central bank reached 1.84 billion lei (EUR388... more
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H&M Becomes First Fashion Retailer with RON1B Sales 02.07.2019
The sales of Swedish-held retailer H&M went up 12% to more than 1 billion lei (EUR220 million) last year over 2017, which makes it the first... more
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Press Review - February 7, 2019
02.07.2019
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.
