10.30.2014

Austria’s Erste Group Bank (EBS.RO) Thursday reported a net loss of almost 1.5 billion euros for the first nine months of the year, mainly due to write-downs at its Romanian and Hungarian units. more

10.30.2014

Romania’s largest bank BCR Thursday reported a massive net loss for the first nine months due to a significant rise in provisioning costs on the back of an accelerated balance sheet clean-up more

10.30.2014

Romanian lender Banca Transilvania (TLV.RO) Thursday reported a significant rise in net profit for the first nine months of the year, supported by higher operational revenue and cost control more

10.23.2014

Orange Romania reported revenue worth EUR227.4 million in the third quarter of 2014, up 3.4% from the corresponding period a year earlier, excluding the impact of regulatory measures, due to the more

10.15.2014

Romanian regional investment fund SIF Moldova (SIF2.RO) reported a net profit of 223 million lei (EUR50 million) in January-September, up over twofold from the corresponding period a year earlier. more

10.14.2014

Romanian regional investment fund SIF Transilvania (SIF3.RO) reported a profit of 18.1 million lei (EUR4.07 million) in the first nine months of the year, down 12-fold from RON213.6 million in the more

10.14.2014

Romanian regional investment fund SIF Muntenia (SIF4.RO) reported a profit of 209.7 million lei (EUR41.14 million) in the first nine months of the year, over twofold higher from RON99.9 million in more

10.14.2014

Romanian regional investment fund SIF Oltenia (SIF5.RO) reported a profit of 71.7 million lei (EUR16.1 million) in the first nine months of the year, down 39% from RON117.88 million in the more

10.13.2014

Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) reported a profit of RON151.4 million (EUR34.38 million) in January-September, fuelled by stock sales in the first half of the year. more

09.30.2014

Transport and logistics company GEFCO Romania, controlled by Russia’s state-owned railroad company RZD, estimates its turnover will exceed EUR50 million this year, from EUR47.6 million a year more

09.29.2014

Groupama Romania underwrote premiums of RON451 million between January and August 2014, down 8.9% on the year, due to lower revenues on the segment of mandatory car insurance (RCA), assets and more

09.11.2014

Insurers in Romania underwrote premiums of RON3.97 billion on the general and life insurance segments in the half of 2014, down 6.8% on the year, and paid damage claims of RON2.47 billion, down 1.6% more

09.01.2014

Piraeus Bank Romania reported a pretax profit of EUR6.4 million in the first half of the year, compared to EUR4.6 million after the first quarter, as the non-performing loans portfolio and the more

09.01.2014

Raiffeisen Leasing Monday said the value of financing granted in the first half of 2014 increased 36% on the year, to EUR48 million, and it made a profit of EUR1.4 million in the mentioned period. more

08.29.2014

Romanian state-owned railway company CFR SA reported an accounting profit worth 160 million lei (EUR35.8 million) in the first half of 2014, up 29% from RON124 million in the corresponding period a more

08.26.2014

DAAS Romania, supplier of equipment and services for the Horeca and food retail industry, reported sales worth EUR7 million in the first six months, similar with the sales posted in January-June 2013, more

08.26.2014

Vienna Insurance Group (VIG) reported a profit before taxes of EUR1 million in Romania in the first six months, from EUR17.9 million loss in the corresponding period a year earlier, the company said more

08.21.2014

Praktiker Romania said Thursday it ended the first half of 2014 with operating profit of RON12 million and plans to open 18 new stores in the next two years, two of which will be inaugurated in more

08.18.2014

Romanian energy holding Complexul Energetic Hunedoara Monday said its loss widened 6.1-fold to 167.47 million lei (EUR37.5 million) in the first half of 2014, from RON27.2 million in the year-earlier more

08.14.2014

Romania’s regional investment fund SIF Muntenia (SIF4.RO) reported 4.6-fold higher revenue in the first six months, at 330 million lei (EUR74 million), from RON71.3 million in the corresponding more

08.14.2014

Romanian car parts maker Altur Slatina (ALT.RO) Thursday said its first-half loss narrowed 14.5% to 2.97 million lei (EUR0.67 million), largely due to lower costs with raw materials. more

08.14.2014

Pharmaceutical company Ropharma Brasov (RPH.RO) reported operating revenues worth 204.4 million lei (EUR45.8 million) in the first six months, down 2% on the year, while its profit rose 35% to RON4.07 more

08.14.2014

Romanian drugmaker Biofarm (BIO.RO) Thursday said its net profit rose 8.9% on the year to 14.74 million lei (EUR3.3 million) in the first half, on higher sales. more

08.14.2014

Romanian regional investment fund SIF Transilvania (SIF3.RO) Thursday said its revenues dropped to 19.27 million lei (EUR4.3 million) in the first half, from RON215.4 million a year earlier, on more

08.14.2014

Romanian state-run drugmaker Antibiotice Iasi (ATB.RO) reported a net profit worth 18.3 million lei (EUR4.09 million) in January-June, up 6.3% from RON17.21 million in the corresponding period a year more