22 aug 2016

State-run electricity and thermal power producer Electrocentrale Bucuresti (ELCEN) has closed a service and maintenance contract with General Electric Global Services GmbH for the gas turbine of its more

21 aug 2016

Romania’s footwear exports fell to approximately $1 billion in 2015, close to the minimum value registered in the last ten years, according to a report by market research company World Footwear. more

21 aug 2016

Strauss Romania, the producer of coffee brands Doncafe and Fort, reported 5.7% higher sales in the first six months of 2016, to over RON135 million. more

21 aug 2016

Children’s products supermarket Bebe Tei, owned by Roxana Maftei, who also owns Farmacia Tei retail pharmacies in Bucharest, plans to open new units in Iasi and Constanta in the upcoming period. more

19 aug 2016

Romanian poultry producer Avicola Slobozia (AVSL.RO) reported 7.8% lower sales in January-June 2016, at RON29.5 million, the company said in a statement. more

19 aug 2016

Romanian state-owned airline Tarom reported losses of RON28.6 million in the first six months, eightfold higher from the estimated RON3.4 million, mainly due to technical issues which triggered flight more

19 aug 2016

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18 aug 2016

Raiffeisen Bank Romania, the fourth largest player in the local banking system, reported a net profit of EUR38 million in the first six months, down 27% compared with the year-earlier period, the bank more

18 aug 2016

The recent events related to the coup attempt in Turkey will impact Romania only in terms of trade, by tempering Romanian exports, given that Turkey is the main country of destination for Romanian more

18 aug 2016

Romanian real estate developer Impact Developer&Contractor (IMP.RO) will invest EUR44 million in developing the third stage of Greenfield Baneasa residential compound, the company said in a statement. more

18 aug 2016

Romanian waterproofing and thermal insulation systems producer Arcon has ceded its polystyrene plants in Sfantu-Gheorghe and Bucharest to expanded polystyrene (EPS) manufacturer Hirsch Porozell SRL, more

18 aug 2016

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17 aug 2016

Romanians are more pessimistic about the local economy than Europeans: thus, 78% of the Romanians say that they perceive the national economic situation as “bad”, while only 57% of Europeans share more

17 aug 2016

Romanian regional investment fund SIF Transilvania (SIF3.RO) reported a net profit of RON23.1 million in the first six months of the year, from RON44.4 million in the same period a year earlier. more

17 aug 2016

Romania’s state-owned hydropower producer Hidroelectrica, which underwent a restructuring process during insolvency, became the most profitable local company by the gross profit margin posted in the more

17 aug 2016

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16 aug 2016

AFI Europe Romania registered a net operating income of EUR22.2 million in the first six months of 2016, up 13.1% from the year-earlier period, the company said in a statement. more

16 aug 2016

The Romanian durable goods market rose 15.5% to EUR529 million in the second quarter of 2016, from the year-earlier period, while telecom, large household appliances, small appliances and electronics more

16 aug 2016

Romanian state-run aircraft repair and maintenance company IAR Ghimbav (IARV.RO) reported a profit of RON16.8 million in January-June, down 44% compared with the first half of 2015, the company said more

16 aug 2016

Vrancart Adjud (VNC.RO), a major paper and cardboard maker in Romania, reported a net profit of RON11.35 million in the first six months of 2016, up 51% from RON7.52 million in the year-earlier more

16 aug 2016

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12 aug 2016

Bucharest Stock Exchange group (BVB.RO), which includes Bucharest Stock Exchange, Central Depository, Bucharest Compensation House and Investor Compensation Fund, reported a profit of RON1.8 million more

12 aug 2016

Romanian real estate developer Impact Developer&Contractor (IMP.RO) doubled its profit to RON13.7 million in the first six months on the backdrop of higher two-room apartment sales triggered by the more

12 aug 2016

Romanian pharmaceutical producer Biofarm (BIO.RO) reported a profit of RON15.2 million in the first six months of the year, up 1% compared with January-June 2015, the company said Friday. more

12 aug 2016

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