04.24.2015

Cluj-based Terapia, the largest local drug producer, posted net profit worth 86 million lei (EUR19 million) last year, down 21% against 2013. This is the first decline the drug maker has witnessed in more

04.22.2015

Romanian housing bank Raiffeisen Banca pentru Locuinte (RBL) reported a net profit of over RON1.7 million in 2014, up 4% on the year, while the number of clients rose 10% to 217,000, the bank said more

04.22.2015

TBI Bank, the local unit of TBI Bank EAD Sofia, operated by TBIF Financial Services group, estimates it will switch to profit this year, after RON1.9 million loss in 2014, the bank said in a statement more

04.21.2015

Companies operating in Romania’s architecture field posted total revenue worth 869 million lei (almost EUR200 million) in 2013. Over 4,700 companies operate in this field, with 3,500 posting revenue more

04.20.2015

Romanian insolvent hydropower producer Hidroelectrica posted a gross profit of RON405 million (EUR91 million) in the first quarter, more than double compared to the same period last year, as more

04.20.2015

Raiffeisen, a top five player in Romania’s banking system, will pay shareholders dividends worth 300 million lei (EUR68 million) from last year’s net profit, 14% above the sum disbursed from 2013 more

04.17.2015

Romanian shipyard Santierul Naval Orsova (SNO.RO), controlled by three of the five SIFs, expects 20% revenue growth this year amid rising ship production and wider client base. more

04.16.2015

Raiffeisen Leasing had a net profit of EUR3.12 million in 2014, up 11% compared to 2013, when its profit stood at EUR2.8 million, the company said Thursday. more

04.14.2015

Austria’s Vienna Insurance Group (VIG) returned to a positive result in Romania in 2014, reporting a profit before tax (PBT) of EUR6.1 million, versus a loss of EUR98.7 million in 2013, the company more

04.09.2015

The Bucharest National Airport Company (CNAB), which manages Bucharest’s two airports, Henri Coanda (Otopeni) and Aurel Vlaicu (Baneasa), ended 2014 with net profit worth above 106 million lei, up more

04.07.2015

Romania’s state-run lender EximBank reported a net profit of RON46.6 million (EUR10.5 million) last year, slightly higher compared with 2013, while its operating profit rose 50% to RON121 million, more

04.07.2015

The judicial administrator of insolvent Hidroelectrica, Romania’s biggest power producer, will propose to the company’s creditors and shareholders the disbursement of dividends accounting for 80% more

03.31.2015

Pitesti-based group Lazar, one of Romania’s biggest entrepreneurial businesses in the field of freight transport, ended last year with revenue of EUR90 million, slightly down on the year, but more

03.31.2015

Litigation with the thousands of employees who left the company, the lower-than-expected results of some investments and the failure of some exploration and production projects were the elements that more

03.25.2015

Raiffeisen Bank Romania posted last year a net profit of EUR113 million, up 8.6% from EUR104 million in the previous year, the lender said Wednesday. more

03.19.2015

Insurer Generali Romania nearly doubled its net profit last year, from RON20.1 million to RON39.2 million, as it lowered staff numbers by 22% and damage payments by 7.3%, while underwritings rose more

03.06.2015

OTP Bank Romania, part of Hungarian group OTP, posted a net profit of HUF765 million (EUR2.47 million) in 2014, after a net loss of HUF1.6 billion (EUR5.18 million) in the fourth quarter of 2014, due more

02.24.2015

Pension fund BCR Pensii plans to switch to profit in 2015, after posting losses every year since it was established, in 2007, general manager Lucian Anghel said Tuesday. more

02.23.2015

Romanian state-owned hydropower producer Hidroelectrica posted a record gross profit of RON140 million in January, double compared to January 2014, the company said in a statement Monday. more

02.12.2015

State-run oil transporter Conpet Ploiesti (COTE.RO) had a net profit of RON50.5 million (EUR11.4 million) last year, up 61% compared to 2013, when its profit was impacted by a cost of RON33 million more

02.12.2015

UniCredit Tiriac Bank's net profit rose 7% in 2014, to RON80.3 million, and total operating revenue declined 2.1%, to RON1.3 billion, the bank, part of Italian group UniCredit, said in a statement more

02.10.2015

The net profit of the Bucharest Stock Exchange (BVB) climbed 25% in 2014, to 11.9 million lei (EUR2.7 million), from RON9.48 million a year ago, backed by the value of trades which boosted the more

02.08.2015

Romanian real estate developer Impact Developer&Contractor (IMP.RO) had a net profit of 4.1 million lei (EUR923,000) in 2014, from a loss of RON42.46 million in 2013, due to gains from asset more

01.26.2015

Romanian state-owned hydropower producer Hidroelectrica had a record turnover of RON3.4 billion (EUR765.7 million) last year, 10.3% higher than in 2013, and a profit of RON1.2 billion (EUR270 more

01.20.2015

Romanian pharmacy chain DONA, which currently consists of 275 units, ended 2014 with a 30% growth in turnover and switched back to profit, with net earnings of EUR6 million. more