03.28.2016

Electric Plus, owner of PVC profile maker Barrier, reported a turnover of EUR20 million in 2015, up 33% on the year, due to investments in production units and the development of franchised stores more

03.21.2016

Insurance company Groupama Asigurari underwrote premiums of RON805 million in 2015, up 13% on the year, while its profit, under IFRS standards, stood at RON23 million, the company said in a statement more

03.17.2016

The agribusiness division of Agricover Group reported a turnover of RON1.19 billion in 2015, close to the level reached in 2014, while the distribution of inputs rose 33% by volume, the company said more

03.16.2016

Romanian electricity distribution and supply company Electrica (EL.RO) said its net consolidated profit stood at RON482 million in 2015, 17% higher than in 2014. more

03.16.2016

Raiffeisen Bank posted a net profit of EUR98 million last year, from EUR113 million in 2014, while its assets rose 8% to EUR6.95 billion, the company said in a statement Wednesday. more

03.16.2016

Romanian online applications provider Zitec reported a turnover of EUR4.5 million in 2015, up 37% against 2014, and expects its turnover to keep growing in 2016. more

03.15.2016

ALD Automotive, the operating leasing division of BRD group, reported a turnover of EUR30.5 million in 2015 (calculated under the international accounting standards), fueled by an increase in its car more

03.14.2016

Shopping mall AFI Palace Cotroceni in Bucharest, the most important asset of AFI Europe Romania, had a net operating income of nearly EUR31 million in 2015, up 3% on the year, while retailers’ more

03.08.2016

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03.04.2016

OTP Bank Romania, part of Hungarian group OTP, posted a profit after tax of HUF1.5 billion (EUR4.8 million) in 2015, nearly double than HUF765 million in 2014, in the context in which its financial more

03.03.2016

Turkish fashion retailer LC Waikiki on Thursday said it targets for 2016 a 50% increase in turnover and the expansion of its Romanian network by six new units, to reach a total 22 stores. more

03.02.2016

Insurance company Allianz-Tiriac Asigurari on Wednesday said it underwrote gross premiums of RON1.06 billion in 2015, up 7.2% on the year, due to a 7.5% increase on the general insurance segment, to more

03.02.2016

Romanian lender ING Bank posted a gross profit of RON392 million in 2015, up 22% on the year, while its revenues increased 13% to RON1.02 billion, the lender said Wednesday. more

03.02.2016

Electronics retailer Flanco reported a net profit of RON8 million in 2015, up 3.8-fold on the year, and record sales, of RON777 million (approximately EUR175 million), general manager Dragos Sirbu more

03.01.2016

Romanian cosmetics producer Farmec Cluj-Napoca reported a turnover of RON172.5 million (EUR38.8 million) in 2015, up 13% on the year, and the company plans to expand its stores network this year, more

03.01.2016

Garanti Romania group tripled its net profit in 2015, to RON100.4 million (EUR22.5 million), mainly supported by Garanti Bank profit, of RON65.3 million, while its assets rose 16% to RON10.55 billion, more

02.26.2016

Greek toy retailer Jumbo registered net a net profit of EUR9.3 million in Romania in the first six months of financial year 2015/2016, up twofold and a half on the year, while its sales rose over more

02.25.2016

Revenue of Telekom Romania Communications (former Romtelecom) fell 1.2% to EUR601.7 million in 2015, while Telekom Romania Mobile Communications (former Cosmote Romania) posted a 0.2% revenue drop to more

02.23.2016

Parcel delivery service company DPD Romania, owned by French group GeoPost, posted a 23% higher turnover, at EUR20.5 million, in 2015, while its deliveries volume rose 33% on the year. more

02.22.2016

Insurance company Carpatica Asig, for which the Financial Supervisory Authority ASF decided to apply resolution measures, said it registered sales of RON89 million in January 2016, nearly 65% higher more

02.17.2016

Online store Cel.ro on Wednesday said it registered a turnover of nearly RON180 million (some EUR40 million) in 2015, up 25% on the year. more

02.16.2016

Revenues of cable TV and telecom operator UPC Romania rose 9.2% to RON633 million in 2015, from RON580.2 million a year before, while its customer base increased by 4.8% to 1.24 million, the company more

02.16.2016

Revenues of telecom operator Orange Romania increased by 4.2% to EUR947 million in 2015, from EUR909 million in 2014, while the number of customers fell to 10.18 million from 10.531 million a year more

02.16.2016

UniCredit Leasing financed assets of EUR338 million in 2015, including the operating leasing volumes of UniCredit Fleet Management, worth EUR43.5 million, while the consolidated profit of the leasing more

02.16.2016

Romanian pharmaceutical producer Biofarm (BIO.RO) reported sales of RON149.7 million (EUR33.7 million) in 2015, up 16% compared with RON128.9 million a year before, the company said in a statement. more