03.30.2021

Most major lenders in Romania posted lower profits in 2020 compared with 2019 due to the effects of the coronavirus crisis, which required them to set aside higher provisions. more

03.18.2021

The Board of Directors of regional investment fund SIF Oltenia (SIF5.RO) has summoned shareholders on April 28, 2021 to vote on how to distribute the net profit for 2020, in the amount of RON52.2 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

02.22.2021

Romania’s banking system (34 lenders) ended 2020 with RON5.14 billion net profit, assets reached a new high and loan-to-deposit and non-performing loan ratios fell compared with 2019, while solvency more

12.31.2020

Romania’s banking system, 34 lenders in all, registered a net profit of nearly RON4.5 billion in January-September 2020, down over 10% compared with 2019, central bank preliminary data show. more

12.11.2020

Delphi Diesel Systems Romania, the local subsidiary of US’ Delphi group, posted 2.23 billion lei (EUR471.2 million) revenue in 2019, an increase of merely 1% year-on-year, ZF has calculated from more

11.26.2020

Most major banks in Romania posted lower profits in the first nine months compared with the year-ago period, due to the effects of the pandemic, which forced them to set aside larger provisions. more

11.19.2020

Banks in Romania posted about 4.7 billion lei profit in the first nine months of 2020, their assets reached a new high, while the loan-to-deposit and NPL ratios went down compared with the year-ago more

11.16.2020

iHunt Ploiesti (HUNT.RO), a supplier and manufacturer of cell phones and gadgets posted 3.9 milion lei net profit in the first nine months of 2020, compared with a RON102,704 loss in the year-ago more

11.12.2020

Linde Gaz Romania, the local subsidiary of Linde Plc, the largest industrial gas supplier worldwide, posted more than 683 million lei (about EUR144 million) revenue in 2019, an increase of 6.5% on the more

11.05.2020

Romania’s banking system, the main lender of Romania’s economy, posted almost 4.5 billion lei net profit in the first eight months, while lending increased by 5.4% on average, Romania’s central more

11.03.2020

The ten most profitable companies in Romania made more than 10.6 billion lei net profit last year, ZF has found from Trade Register data. more

10.30.2020

The insurance market ended the first half with 100.9 million lei profit, 51% more than in the year-ago period, Financial Supervisory authority (ASF) data show. more

10.26.2020

Soufflet Malt, the largest producer of malt (one of the key ingredients for beer) in Romania, posted about 255 million lei (EUR53.8 million) revenue in 2019, an increase of 7.5% on the previous year, more

10.19.2020

Romanian entrepreneur held Tinervis Group, which operates the Luca pretzel shop chain ended 2019 with 133.8 million lei (EUR28.2 million) revenue, an increase of 31% on the previous year, ZF has more

09.14.2020

Cerealcom Dolj, one of the largest grain and oilseeds farming businesses in Romania, tripled profit to 19 million lei (EUR13.9 million) in 2019, while revenue reached RON679 million (EUR142 million), more

09.11.2020

Toy manufacturing, wholesale, and retail group Noriel posted 263 million lei revenue in 2019, an increase of 13% on the previous year, Finance Ministry data for the three companies of the group show. more

09.07.2020

Raffaello Shoes Factory, the largest shoe manufacturer in Romania, posted more than 7.2 milion lei (EUR1.5 million) net profit in 2019, 2.2 times higher than in 2018, when it stood at some RON3.3 more

09.04.2020

Danone Romania, the leader of the local yogurt market, ended last year with 612 million lei (some EUR125 million) revenue, an increase of 10% on 2018, Finance Ministry data show. The net profit stood more

09.04.2020

Orange, the leader of the local telecommunications market, was the top profit maker in the entire IT and communications industry of Romania in 2019, posting 384 million lei profit, double as much as more

09.03.2020

The top ten lenders in Romania by assets posted 2.67 billion lei net profit together in the first half, lower than in the first half of 2019, and accounting for 95.3% of the profit of the entire more

08.26.2020

Romania’s banking system posted about 2.8 billion lei net profit in the first half and assets rose to a new peak, RON518.5 billion, following an average increase by 6% in lending, Romania’s more

08.17.2020

Pharmaceutical company Biofarm Bucuresti (BIO.RO) posted 29.8 million lei net profit in the first half, 6% higher than in the year-ago period, while revenue stood at RON106 million, up from the RON97 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

06.26.2020

Romania's central bank had a profit of nearly RON1.8 billion in 2019, 52% higher compared with 2018, mainly due to higher total revenues, the bank said in its annual report released Friday. more