Economics
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 »
February 14, 2014 11:39
Last year showed a much-expected revival of the domestic economy, whose advance exceeded 2.5 percent, as well as all expectations, mostly supported by exports and the record-high agricultural production. A significant progress has also been recorded in terms of foreign direct investments which went up to the highest level in the last four years – some 2.7 billion euro....more »
February 13, 2014 13:15
For third consecutive year, Schneider Electric has been included in the Global 100 index which gathers the most sustainable companies across the world. This year, the French-based company which has also a Romanian branch ranks tenth in the top released by Corporate Knights during the Global Economic Forum held in Davos, Switzerland. At the same time, Schneider Electric is the first amidst companies operating in the industry and capital goods sector, a press release states....more »
February 13, 2014 11:41
The domestic branch of Bearing Point, a leading management and technology consultant in Europe, has seen a major progress in terms of revenues, last year, when the figures increased by over 50 percent, results that supported the company’s general evolution....more »
February 12, 2014 16:54
The foreign direct investments (FDI) have reached in 2013 the highest level of the past four years, confirming the positive evolution mostly seen in the second half of the year when exports actually boomed. According to a report released by Romania’s Central Bank (BNR), the investments of non-resident in our country came to 2.71 billion euro – almost 27 percent more than in 2012....more »
February 12, 2014 16:11
OMNIASIG Vienna Insurance Group added 53.1 million lei to its social capital which now amounts to nearly 440 million lei. The increase has been approved during the General Meeting of Shareholders held last October 8 and has been performed by issuing some 15.2 million new nominative and dematerialized shares, having a nominal value of 3.5 lei each....more »
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