01.12.2017

Hidroelectrica, the crown jewel of Romania’s energy system, posted record gross profit of 1.5 billion lei (EUR334 million) in 2016, the year it exited insolvency, according to preliminary data from more

12.19.2016

Romanian coal and power producer CET Govora, which went insolvent in May, switched to profit following the measures taken by judicial administrator Euro Insol, including the renegotiation of over 100 more

12.07.2016

The banks in Romania are among the most profitable lenders in Europe, after having cleaned up most of their non-performing loans, ranking third after banks in Bulgaria and Hungary. more

11.30.2016

More than two thirds of the lenders in Romania posted profit in January-September, an improvement on the year-ago period, and on the end of 2015. more

11.23.2016

Piraeus Bank Romania (PBR.RO) registered a gross profit of EUR3.8 million in January-September 2016, compared to the same period a year before when it posted loss, the lender said in a statement. more

11.23.2016

Banks in Romania posted 3.65 billion lei (about EUR810 million) net profit in January-September, 1.7 times higher than in the year-ago period. Their assets reached RONB378 billion in September, more

11.11.2016

Romanian state-run aircraft repair and maintenance company IAR Ghimbav (IARV.RO) reported a turnover of RON79.3 million in January-September 2016, up 30% against the same period a year ago, of which more

10.20.2016

Petrotel Lukoil, the operator of the refinery in Ploiesti held by Russia’s Lukoil, ended the first six months of the year with almost 2.1 billion lei (EUR467 million) revenue, an increase of 8.6% on more

10.13.2016

Romania’s state-owned hydropower producer Hidroelectrica expects a profit of RON1.13 billion for the first nine months of the year, 30% higher than in the same period last year, the company said more

10.04.2016

Agil Trans, a road freight carrier in Romania, is now paying 22,000 lei (almost EUR5,000) auto liability insurance (RCA) per 16-ton vehicle, over seven times higher than the RON3,000 it used to pay more

09.19.2016

Coca-Cola HBC Romania, the largest soft drinks bottler, and Heineken Romania, the second largest brewer in the country, are the most profitable businesses in an about 9 billion lei (EUR2 billion) more

09.15.2016

BCR clearly stood out as the profit leader on the local banking market in the first half, followed by Banca Transilvania and BRD-SocGen. Next in the ranking were ING Bank, UniCredit and Raiffeisen. more

09.07.2016

Most banks in Romania, namely, three quarters of the total number of credit institutions, reported profit in the first half of 2016. more

08.31.2016

Greek lender Alpha Bank registered a gross profit of EUR6.3 million in Romania in the first half of 2016, due to higher operating revenue and lower provision levels, according to data released by the more

08.30.2016

Idea Bank switched to profit in the first half of the year, to RON7.1 million (EUR1.6 million) from a loss of around RON9 million in the same period last year, according to data released by its mother more

08.25.2016

Libra Internet Bank reported a net profit of RON25 million in the first half of 2016, up 111% against the same period a year ago, and its assets rose 41% to RON2.86 billion. more

08.25.2016

Romanian state-owned company Santierul Naval 2 Mai (STNM.RO), partner of Korean group Daewoo within shipyard Santierul Naval Mangalia, reported a net profit of RON264,000 in the first half of 2016, up more

08.25.2016

Drugmaker Sintofarm Bucuresti (SINT.RO) reported a net profit of over RON78,000 in the first half of 2016, up 128% against the same period a year ago. more

08.22.2016

Romania’s banking system posted about 2.4 billion lei (EUR537 million) net profit in the first half so the profit may come close or even be higher than in the last year of economic boom, 2008, when more

08.17.2016

BCR, BRD-SocGen and Banca Transilvania, the three largest lenders in Romania, posted about 1.5 billion lei (EUR330 million) profit together in the first half, an increase of 50% on the year-ago more

08.16.2016

Romanian natural gas transmission company Transgaz (TGN.RO) on Tuesday reported a 12% decline in net profit for the first half of the year, to RON282 million, on reduced demand for natural gas. more

08.16.2016

Romanian electricity distribution and supply company Electrica (EL.RO) on Tuesday reported a net profit of RON336 million for the first half of the year, 21% higher than in the same period a year ago. more

08.15.2016

Banca Transilvania (TLV.RO), the third largest bank in Romania by assets, saw an almost 50% rise in operating income in the first half, largely because of the interest income and posted 458.3 million more

08.12.2016

Bucharest Stock Exchange group (BVB.RO), which includes Bucharest Stock Exchange, Central Depository, Bucharest Compensation House and Investor Compensation Fund, reported a profit of RON1.8 million more

08.12.2016

Romanian power grid operator Transelectrica (TEL.RO) Friday reported a net profit of RON142 million for the first half of the year, down 32.6% compared with the same period a year ago. more