08.17.2022

Euroins Romania, the largest insurance company on the local market after the collapse of City Insurance, ended 2021 with a loss of RON19 million and last year was its third in the red in a row, more

06.06.2022

VOS Logistics Cargo, the local subsidiary of Netherlands’s VOS, posted RON473.6 million (EUR96.3 million) revenue in 2021, an increase of 9% on the previous year, ZF has calculated from Finance more

06.06.2022

Telekom Romania Communications, the former fixed telephony monopoly Romtelecom, returned to net losses and posted lower revenue in 2021, the year it became part of France’s Orange Group, which more

05.20.2022

Faurecia Romania, the local subsidiary of France’s Faurecia, posted RON1.038 billion (EUR211 million) revenue in 2021, 1% lower year-on-year, ZF has calculated from Finance Ministry data. more

05.16.2022

Alro Slatina, one of the largest vertically integrated aluminum smelters in Europe and the largest electricity consumer in Romania, posted RON18 million losses in the first quarter, down from the more

11.26.2021

Furniture manufacturer Elvila (ELV.RO) ended the first nine months of 2021 with a loss of RON1.54 million, compared with a net profit of RON1.78 million in the same period of 2020, while revenue stood more

11.19.2021

Home appliances manufacturer Electroarges (ELGS.RO) recorded net profit of about RON603,000 in the first nine months of the year, compared with RON4.9 million loss of in the same period in 2020. more

11.16.2021

ArcelorMittal Hunedoara (SIDG.RO), a steel mill owned by ArcelorMittal, ended the first nine months of 2021 with a net loss of RON17.9 million, compared with a net loss of RON31.4 million in the same more

11.04.2021

Grain and oilseeds trader Soufflet Agro Romania posted RON217.9 million (EUR45.2 million) revenue in 2020, 40% lower than the RON362 million (EUR76.4 million) revenue of 2019, Finance Ministry data more

09.22.2021

Furniture manufacturer Artemob International posted RON121 million (EUR25.1 million) revenue in 2020, a decrease of 15.5% year-on-year, ZF has calculated from Finance Ministry data. more

06.10.2021

The turnover of the hospitality industry in Romania dropped 35% in 2020, to RON17.9 billion, due t pandemic restrictions, while the total losses of all companies in the industry tripled to RON2.3 more

06.10.2021

Four of the eight projects developed by the Iulius Group of businessman Iulian Dascalu posed losses in 2020, while the other four saw their profits shrink year-on-year in 2020, the data the developer more

03.05.2021

Almost 60% of the lenders in Romania (20) posted profit in 2020, while 14 were in the red, Romania’s central bank data show. more

02.23.2021

Fondul Proprietatea (FP.RO) proposes a dividend of RON0.072 per share from profits left undistributed in 2016 and 2017, after reporting a RON102.9 million net loss for 2020. more

01.15.2021

Romanian property restitution fund Fondul Proprietatea (FP.RO) ended 2020 with a loss of RON103 million and total assets of RON10.3 billion, down 8.6% compared with the end of 2019, per calculations more

12.30.2020

The processing industry lost 63,400 employees in October 2019 – October 2020, going from 1,149,200 people to 1,085,800, National Statistics Institute data show more

12.15.2020

The revenue of Romania’s automotive industry shrank by 15% from more than EUR30 billion in 2019 to some EUR25 billion this year, data from Romania’s carmaker association ACAROM shows. more

11.20.2020

Steel plant Donalam Calarasi held by AFV Beltrame Group, one of the largest steel bar and special steel manufacturers in Europe, posted 367.3 milion lei (EUR77.5 million) revenue in 2019, 16% lower more

11.18.2020

Dorna Lactate, the company that makes the LaDorna brand and is part of the French Lactalis group, ended 2019 with 223 million lei revenue, down 6% on 2018, and slipped into the red with an almost more

09.08.2020

Whiteland Import Export, the distributor of Muller, Hochland, Meggle and Nestle products, posted 204 million lei revenue last year, slightly higher than in 2018 (2%). However, it remained in the red more

08.14.2020

Rompetrol Rafinare (RRC.RO), part of KMG International and 44.6% owned by the Romanian state, posted a net loss of RON592 million in the first half of 2020, compared with a loss of RON138 million in more

07.29.2020

Petrotel Lukoil, the operator of the refinery in Ploiesti held by Russia’s Lukoil, registered a loss of RON67.6 million in 2019 from a profit of RON4.8 million in 2018, finance ministry data showed. more

07.09.2020

Dante International, which operates eMAG – the largest online retailer in Romania and one of the biggest players in the region, has returned to net profit in 2019, after six years of loss, per more

07.02.2020

Benvenuti, one of the leading footwear retailers in Romania, expects a turnover of RON83 million this year, nearly 40% lower than in 2019, the lowest since 2013. The company is also bracing for a more

06.24.2020

Romanian state-run energy holding Complexul Energetic Oltenia, the largest electricity producer in Romania, registered a loss of RON860 million in 2019, from a loss of RON1.13 billion in 2018, per more