Economics
February 25, 2014 15:43
German group Praktiker has sold its domestic operations consisting of a 27 retail stores to Omer Susli, a Turkish man with business in the construction field, according to Mediafax which quotes some sources in the DIY market. As per the same news agency, the official announcement should be made shortly....more »
February 25, 2014 11:01
In a sector with a potential too little exploited, whose development is braked by a very intricate legislation and which is burdened by taxes such as the one on the water used or the lease price for low river beds, the Romanian HydroPower Energy Summit brought to the fore all these issues the professionals in this sector face and rang the alarm bells within regulatory authorities, though little represented at governmental level....more »
February 24, 2014 11:23
Energiaprima announces its intention to establish further solar facilities in Romania with an installed capacity of about 200 MW, thus continuing investments in our country, after completing a 105 million euro PV park in the Northern-Western area, in Satu-Mare County....more »
February 19, 2014 15:13
Romanian International Bank will increase its equity by converting a 1.2 million euro worth subordinated loan and by granting a similar loan in the amount of 2 million euro. This increase is part of the development strategy of Getin Holding, the group which took over RIB and which aims to implement various changes within the bank, according to a news release....more »
February 19, 2014 12:29
OMV Petrom recorded last year the biggest profit in history, the net figures rising to 4.82 billion lei (a little bit above 1 billion euro), an advance of 22 percent compared to the previous year, as showed by the group’s preliminary financial...more »
February 18, 2014 16:53
Romania’s Financial Supervisory Authority (ASF) today decided to initiate the financial recovery procedure through special management for insurance & reinsurance company ASTRA. The company appointed KPMG to handle this procedure and provisory manage ASTRA, so as to financially reestablish it, ASF announces through a media release....more »
February 18, 2014 15:10
State-owned company Transelectrica increased by more than fourfold its profit last year, although the preliminary financial results show smaller revenues over 2012. Based on the report released yesterday by the power grid operator, the net figures indicate a net profit of 162.3 million lei for 2013, compared with some 34.5 million in 2012....more »
February 18, 2014 12:57
The Romania’s Transmission System Operator for Gas, Transgaz posts a net profit of around 337 million lei for 2013, 2 percent higher compared with 2012 and 24 percent more than the target established by the company’s 2013 budget....more »
February 17, 2014 14:31
Oltchim ends its first year of insolvency with smaller loss, but, at the same time, a smaller turnover. According to the 2013 financial report released today, the chemical plant has managed to reduce its loss within the past year, the preliminary results showing a deficit of approximately 285 million lei, compared with some 572 million lei in 2012....more »
February 14, 2014 15:01
Banca Transilvania (BT) has posted a gross profit of around 443 million lei (net profit is some 375 million lei) for 2013, 30 percent higher in comparison with results recorded in the previous year. The advance is also reflected in the operating revenue which has improved by 12 percent within the past year, amounting to nearly 1.66 billion lei....more »
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