05.13.2014

Romanian state-owned postal operator estimates gross profit for 2013 following the payment of an estimated RON30-50 million by telecom regulator ANCOM for the postal operator's services. more

05.13.2014

Garanti Group Romania, a subsidiary of Turkey’s Garanti Bankasi, said Tuesday its consolidated net profit rose 7.4% on the year to EUR10.6 million in the first quarter of 2014, its net revenues more

05.12.2014

The turnover of Romanian brokerage house SSIF Broker (BRK.RO) increased 72% in the first quarter, to RON1.7 million, due to higher revenues from brokerage commissions. more

05.12.2014

Insolvent Romanian metal and alloy maker Laminorul Braila (LMRU.RO) switched to a net profit of RON370,000 in the first quarter, from a RON23.9 million loss in the same period last year, the company more

05.12.2014

Financial group UniCredit Tiriac Bank, which includes the fourth bank in Romania by assets and consumer finance company UniCredit Consumer Financing, had a net profit of RON72.1 million (EUR16 more

05.12.2014

Romanian shipyard Santierul Naval Orsova (SNO.RO) Monday said it registered profit of nearly 1.2 million (EUR263,000) in the first quarter of 2014, compared to loss of RON2.3 million in the same more

05.06.2014

Romania's state-owned postal operator Posta Romana had an operating profit of RON22.5 million in the first quarter of the year, after restructuring its activity and cutting back on staff. more

05.05.2014

Romanian poultry processor Avicola Brasov (AVLE.RO) Monday said its sales rose 8% to 32.7 million (EUR7.3 million) in the first quarter of 2014, from RON30.4 million in the same interval a year more

04.28.2014

Romanian insolvent oilfield equipment manufacturer Uztel Ploiesti (UZT.RO) estimates its net profit will triple this year, to RON5.6 million and its turnover will rise 23%, to RON78 million, more

04.23.2014

Romanian government approved Wednesday the emergency ordinance regarding the tax exemption on reinvested profit for investments in technological equipment carried out between July 1, 2014 and December more

04.23.2014

The total profit of the eight mandatory private pension funds (Pillar II) in Romania reached RON1.25 billion in 2013, up 59% on the year, according to data released by fund administrators. more

04.17.2014

The banking system posted cumulated net profit of around 500 million lei (EUR112 million) at the end of February, slightly higher than the gain for the entire 2013, though bankers complained about the more

04.16.2014

Terapia Ranbaxy, the largest pharmaceutical producer in Romania, posted 109 million lei (EUR24.4 million) net profit last year, up nearly 13% from 2012, and a 20% profit margin. Revenue overshot the more

04.15.2014

Romania will introduce a tax exemption on reinvested profit starting July, 2014, on the basis of an emergency ordinance drawn up by the Finance Ministry, Prime Minister Victor Ponta said Tuesday. more

04.15.2014

Romanian vegetable oil producer Argus Constanta (UARG.RO) estimates revenues of RON191.7 million this year, up 34%, and a pre-tax profit of RON5.9 million. more

04.15.2014

OMV Petrom (SNP.RO), the largest company in Romania ended the five years of crisis, 2009-2013, with an all-time high profit of more than EUR1 billion. The profit was 5.5 times higher than in 2009, the more

04.07.2014

Raiffeisen Bank retained the position of the most profitable bank on the Romanian market in 2013, posting 458 million lei (EUR103 million) net profit, followed by Banca Transilvania (TLV.RO), with more

04.01.2014

Shopping center operator Cocor Bucuresti (COCR.RO) expects a net profit of RON512,000 this year, much lower than last year's net earnings of RON13.2 million, when it recovered from losing RON55.2 more

03.25.2014

The Bucharest Stock Exchange (BVB.RO) eyes a net profit of 10 million lei (EUR2.12 million) in 2014, up 10% on the year, and the increase of trades on the regulated market by 17.6%, at RON13.326 more

03.04.2014

Most profitable 30 companies listed on the Bucharest Stock Exchange posted an aggregated net profit of 8.68 billion lei (EUR1.92 billion) last year, 19% higher than in 2012, according to preliminary more

02.25.2014

OMV Petrom’s chief Mariana Gheorghe says the employees were the drivers behind the company’s record EUR1 billion profit in 2013 and sees no reason other Romanian businesses cannot report similar more

02.20.2014

The record 2013 net profit Romania’s largest company OMV Petrom (SNP) announced on Wednesday, 4.82 billion lei (EUR1.09 billion), should drive its value to more than EUR10 billion if considering the more

02.18.2014

Romanian glass container producer Stirom Bucharest (STIB.RO) registered sales of 205.1 million lei (EUR46.4 million) in 2013, up nearly 3% from RON199.6 million in 2012. more

02.18.2014

Romania’s largest company OMV Petrom (SNP.RO) is expected to reveal its 2013 financial results on Wednesday and analysts say that even in a worst-case scenario, its net profit could still overshoot more

02.17.2014

Romanian insolvent oilfield equipment manufacturer Uztel Ploiesti (UZT.RO) Monday said it registered operating profit of 1.7 million lei (EUR390,000) in 2013, half the RON3.4 million profit posted in more