08.01.2014

Romanian lender BRD Societe-Generale (BRD.RO), a unit of France’s Societe Generale, on Friday said its net profit doubled on the year to 123 million lei (EUR27.83 million) in the first half, helped more

07.31.2014

French retailer Carrefour Thursday said it registered sales of EUR35.9 billion in the first six months of 2014, up 4.3% on the year, which translates into the largest organic growth rate of the last more

07.31.2014

Austria’s Erste Group Bank (EBS.RO) Thursday reported a record loss for the first year-half, mainly due to higher provisions in Hungary and Romania and a low-interest environment in the markets more

07.31.2014

Romania’s largest lender Banca Comerciala Romana, or BCR, turned to losses in the first year-half due to “sustained provisioning associated to balance sheet clean-up.” more

07.29.2014

Portugal’s largest listed bank Millennium bcp has booked a provision of EUR34 million for anticipated losses on the planned sale of its Romanian subsidiary, the bank said in its financial report more

07.28.2014

Garanti Group Romania, a subsidiary of Turkey’s second largest bank Garanti Bankasi, Monday said its consolidated net profit fell 15% to EUR16.9 million in the first half, from EUR19.8 million a more

07.24.2014

Retailers hosted by Bucharest’s shopping center AFI Palace Cotroceni, excluding hypermarket Auchan, registered a 10% rise in sales to over EUR100 million in the first half of 2014. more

07.23.2014

Romania’s state-run lender EximBank Wednesday said its net profit rose 29% to 32 million lei (EUR7.2 million) in the first half of the year, helped by higher revenue from lending. more

07.21.2014

Insurer Euroins Romania underwrote premiums of EUR48.9 million in the first six months of 2014, down 21.7% on the year, according to the data provided by Bulgarian group Eurohold, the company’s more

07.15.2014

Car leasing company LeasePlan Romania increased the car fleet it manages by 30% to over 9,700 vehicles in the first half of 2014, compared to some 7,500 units it managed in the year-earlier period. more

07.15.2014

Romanian investment fund Fondul Proprietatea (FP.RO) Tuesday said its net profit almost doubled to a record level of 1.064 billion lei (EUR240 million) in the first half of the year, following the more

07.14.2014

Romanian regional investment fund SIF Oltenia (SIF5.RO) Monday said its net profit fell 30% to 60.1 million lei (EUR13.6 million) in the first half, from RON90.5 million in the year-ago period. more

07.14.2014

Romania’s state-run airline Tarom cut its loss by 44% down to 130.1 million lei (EUR29.4 million) and registered a 3.5% increase in turnover to RON1.085 billion (EUR288 million) in 2013, according more

06.27.2014

The Romanian central bank reported a net loss of 1.25 billion lei (some EUR285 million) in 2013, versus profit a year earlier, hurt by losses from monetary policy operations and higher costs with the more

06.23.2014

Romanian private healthcare provider Gral Medical on Monday said its first-half turnover rose 18% to 47 million lei (EUR11.4 million), helped by a 35% increase in the oncology segment. more

06.13.2014

Romanian investment fund Fondul Proprietatea (FP.RO) Friday reported a net profit of 557.1 million lei (EUR126.7 million) at the end of May, versus losses a month earlier, largely fueled by dividends more

06.13.2014

TBI Bank, the Romanian subsidiary of TBI Bank EAD Sofia operated by Dutch financial group TBIF Financial Services, has reached assets of EUR74 million during its first year of activity on the local more

06.06.2014

The overall profit reported in Romania by major cement producers HeidelbergCement (Germany), Lafarge (France) and Holcim (Switzerland) fell 2.7-fold on the year in 2013, to RON101 million, from RON278 more

06.03.2014

Romanian insurer Allianz-Tiriac Asigurari Tuesday said it registered revenues from general and life insurance of 258.8 million lei (EUR58.9 million) in the first quarter of 2014, up 7% on the year. more

06.02.2014

Piraeus Bank Romania on Monday said its net profit soared 90% to EUR4.6 million in the first quarter, from EUR2.4 million a year ago. more

05.30.2014

Romanian aircraft repairs and maintenance company Romaero Bucuresti (RORX.RO) on Friday said its revenues fell 4% on the year to 20 million lei (EUR4.5 million) in the first quarter of 2014, from more

05.30.2014

Romanian state-run electricity distributor and supplier Electrica SA reported a consolidated net profit of 60 million lei (EUR13.4 million) in the first quarter, on total sales of RON1.2 billion, the more

05.29.2014

Greek lender Alpha Bank on Thursday said it has swung to a pretax profit in Romania of EUR1.4 million in the first quarter, versus losses a year earlier, helped by fewer provisions for bad loans and more

05.29.2014

Romania’s Unirea Shopping Center (SCDM.RO) Thursday said its net profit fell almost fivefold on the year in the first quarter, hurt by higher costs and a 2.6% decline in sales. more

05.28.2014

Greece’s third biggest bank Eurobank Ergasias Wednesday said it has switched to a loss of EUR4.1 million in Romania in the first three months, from a net profit of EUR4.3 million in the year-earlier more