09.02.2021

All large banks in Romania reported higher profits for 1H/2020 against the same period in 2020 amid weakening pandemic fallout and declining risk and provision costs, but also in the wake of rising more

09.02.2021

Bearings manufacturer Timken Romania, the local subsidiary of US’ Timken group, posted about RON492.6 million (EUR102.2 million) revenue in 2020, an increase of 11.5% year-on-year, ZF has calculated more

09.01.2021

Romanian industrial group Promateris (PPL.RO) posted RON84.74 million consolidated revenue in the first half, an increase of 60% on the year-ago period. Consolidated net profit stood at RON9.4 more

08.30.2021

Turbomecanica (TBM.RO), Romania’s only maker of turbojet parts and mechanical assemblies for aircraft, in the first six months of this year generated revenues of RON52 million, 3% lower than in the more

08.26.2021

Romania’s banking system reached a profit of RON3.732 billion at the end of the first five months of 2021, according to a presentation released by Cristian Popa, member of the Board of Directors of more

08.25.2021

Uniqa Asigurari reported gross underwritten premiums worth EUR18.7 million, for the first half of this year, on the non-automotive insurance segment, up 3% from the same period of 2020, while Uniqa more

08.23.2021

Transport Trade Services (TTS.RO), the largest freight carrier on the Danube, on Monday announced it concluded the first half with RON27.3 net million profit, an increase of 44.4% on the year-ago more

08.11.2021

Sweets producer Mars Romania, part of the Mars group, one of the largest foods businesses in the world, ended 2020 with RON568 million revenue, 3.4% lower year-on-year, data from financial analysis more

08.10.2021

Construction material manufacturer Macofil Targu Jiu (MACO.RO), a company with a market capitalization of RON45 million, ended the first half with RON4.9 million net profit and RON26.6 million more

08.10.2021

Grain trader COFCO International Romania (formerly Nidera), part of China’s largest agri-food group COFCO, posted its highest profit ever, almost RON60 million, in 2020, five times higher than in more

08.06.2021

Romanian-held Laboratoarele Fares Bio Vital, posted almost RON102.7 million (EUR21.3 million) revenue in 2020, an increase of 25% year-on-year from the RON81.9 million (EUR17.3 million) of 2019, ZF more

07.30.2021

Banca Transilvania (TLV.RO) on Friday evening notified the Bucharest Stock Exchange of its plans to distribute cash dividends from 2020 profit and net profit reserves of 2019. more

07.30.2021

Romania’s 20 largest builders posted RON657 million profit together last year, almost double the 2019 level, ZF has found from the data centralized for the 2021 edition of the “Cei mai mari more

07.29.2021

Dalli Production Romania, the local subsidiary of Germany’s Dalli group, which owns a detergent plant in Timisoara, posted more than RON434.3 million (more than EUR90 million) revenue in 2020, an more

07.27.2021

Linde Gaz Romania, the local subsidiary of the Linde Plc. group, the largest supplier of industrial gasses in the world, posted RON660.9 million (EUR137.1 million) revenue, 3% lower than the RON683 more

07.22.2021

Allianz-Tiriac, the third largest insurer in Romania, ended 2020 with RON153.8 million net profit, 1.3% higher than in 2019, which makes it the most profitable insurer of all general and life more

07.20.2021

Grain trader East Grain, held by a number of Romanian and Hungarian entrepreneurs, ended 2020 with growth of about 19% in revenue to RON359 million (EUR74.5 million) from the RON302 million (some more

07.20.2021

Logistics service provider H Essers SRL, the Romanian subsidiary of Belgium H Essers group, posted RON180.7 million (EUR37.5 million) revenue in 2020, a decrease of about 5% year-on-year, ZF has more

07.20.2021

Electronic component and equipment manufacturer Zes Zollner Electric, the Romanian subsidiary of Germany’s Zollner Elektronik group, posted RON1.180 billion (EUR244.8 million) revenue in 2020, an more

07.20.2021

Aircraft parts maker United Alloy Corporation Europe (UACE) posted RON471.5 million (EUR97.8 million) revenue in 2020, about 22.5% lower than the RON607.8 million (EUR128.3 million) of 2019, Finance more

07.20.2021

Ardealul Carei, one of the largest vegetable oil producers held by local entrepreneurs, posted more than RON258.8 million (EUR53.7 million) revenue in 2020, a decrease of 5% year-on-year, ZF has more

07.19.2021

Furniture manufacturer PGS Sofa & Co in Oradea ended 2020 with more than RON280.9 million (EUR58.3 million) revenue, a decrease of 18% year-on-year from RON344 million (EUR72.6 million), Finance more

07.13.2021

The Board of Directors of Sphera Franchise Group, the operator of Pizza Hut, KFC, and TacoBell in Romania, plans to pay some RON35 million to shareholders in dividends from the 2019-2020 undistributed more

07.08.2021

Carmo-Lact Prod (Bistrita-Nasaud) dairy producer posted more than RON132.7 million (EUR27.5 million) revenue last year, an increase of 26% year-on-year, ZF has calculated from Finance Ministry data. more

07.07.2021

Builder Arcada Company almost tripled profit from the RON41.1 million of 2019 to RON110.6 milion in 2020, Finance Ministry data show. more