03.07.2014

OTP Bank Romania, the local unit of Hungary’s financial group OTP, posted loss of HUF4.14 billion (EUR13.9 million) in 2013, down 25% from HUF5.53 billion in 2012, due to a rise in operating profit more

03.06.2014

Mobile telephony operator Cosmote Romania, a unit of Greek telecom company OTE, posted an 8.1% annual increase in its fourth-quarter revenues to EUR122.9 million, reflecting higher sales on the more

03.06.2014

Romanian telecom operator Romtelecom’s fourth quarter revenue rose 8.8% on the year to EUR162.7 million, fueled by strong performance in the ICT and wholesale segments, the parent company, more

03.06.2014

Mobile telecom operator Orange Romania reported revenues of EUR934 million in 2013, up 1.8% on the year, due to solid growth on the internet segment, while the number of customers rose by 153,000, to more

03.05.2014

Parcel delivery service company DPD Romania, a unit of French La Poste, Wednesday reported a 43% increase in its sales to 64.8 million lei (EUR14.4 million) in 2013, fueled by e-commerce segment more

03.04.2014

Symmetrica, one of the leading players on the Romanian stone sett paving market, reported turnover of 68.1 million lei (EUR15.4 million) in 2013, up 7% from RON63.3 million a year earlier, on a flat more

02.28.2014

Romanian state-run nuclear power company Nuclearelectrica (SNN.RO) Friday said its preliminary net profit rose seventeen-fold to 417.37 million lei (EUR94.42 million) in 2013, from RON24.19 million a more

02.28.2014

Romanian oil and gas geophysical surveyor Prospectiuni (PRSN.RO) on Friday said it registered revenues of 415.4 million lei (EUR94.2 million) in 2013, up 20.5% from RON344.7 million in 2012. more

02.28.2014

Erste Group Bank (EBS.RO) Friday reported a net profit of 61 million euro for 2013, eight times lower than EUR483.5 million in the previous year due to one-off expenses and negative tax effects. more

02.28.2014

Romania’s largest bank BCR returned to a positive result in 2013 after a massive loss in the previous year, helped by improving operating activity and much lower risk costs. more

02.27.2014

Czech power group CEZ AS Thursday reported a 20% annual decline to CZK4.1 billion (EUR158 million) in its 2013 operating profit before taxes, or EBITDA, in Romania, hurt by lower income from green more

02.27.2014

Romania’s state-run natural gas producer Romgaz (SNG.RO) Thursday reported a 16.8% drop in its 2013 net profit, hit by higher depreciation costs and a special income tax introduced by the local more

02.26.2014

Consumer lender Provident Financial, part of British group International Personal Finance (IPF), Wednesday said it granted loans worth EUR127.5 million in Romania and Bulgaria in 2013, after the group more

02.24.2014

Romania’s state-run lender EximBank Monday said its net profit rose fourfold on the year to around 50 million lei (EUR11.3 million) in 2013, on higher revenue from lending. more

02.19.2014

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit rose 22% to a record 4.82 billion lei (EUR1.07 billion) in 2013, fueled by favorable crude oil prices and lower costs. more

02.18.2014

Industrial packaging manufacturer MJ Maillis Romania (MJM.RO) Tuesday said its sales fell 12% in 2013, to 32.1 million lei (EUR7.2 million), from RON36.4 million a year earlier. more

02.18.2014

Romanian paper and cardboard maker Vrancart Adjud (VNC.RO) Tuesday said its sales rose slightly in 2013, to 184 million lei (EUR41.6 million), from RON180.2 million a year earlier. more

02.18.2014

Romania’s largest company OMV Petrom (SNP.RO) is expected to reveal its 2013 financial results on Wednesday and analysts say that even in a worst-case scenario, its net profit could still overshoot more

02.17.2014

Romanian state-owned power grid operator Transelectrica (TEL.RO) Monday said its net profit rose to 162.3 million lei (EUR36.2 million) in 2013, from RON36.5 million in the previous year. more

02.17.2014

Romanian aluminum company Alro Slatina (ALR.RO) turned to a negative result in 2013, following a decrease in international metal prices and higher eco-taxes, the company said in a statement Monday. more

02.17.2014

Romanian oil company Rompetrol Rafinare (RRC.RO) reported a net loss of $99 million for 2013, compared with $163 million a year before, following an increase in the gross turnover. more

02.17.2014

Romanian natural gas pipeline operator Transgaz (TGN.RO) Monday reported a net profit of 336.9 million lei (EUR75 million), 2% higher on the year, as the increasing operational profit offset a surge more

02.17.2014

Drugmaker Zentiva Romania (SCD.RO) on Monday reported a net profit of 42.9 million lei (EUR9.7 million), up 33.4% on the year, following higher sales. more

02.17.2014

Romanian steel maker COS Targoviste, former Mechel Targoviste, Monday said its sales halved to 430.5 million lei (EUR97.7 million) in 2013, from RON959.1 million a year earlier. more

02.17.2014

Romanian insolvent construction company Concefa Sibiu (COFI.RO) on Monday said its loss narrowed three-fold to 17.2 million lei (EUR3.9 million) in 2013, from RON53.2 million a year earlier. more