Economics
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 »
February 12, 2014 12:45
BRD still continues the decline in terms of overall financial results, reporting loss for the second year in a row. While the bank ended 2012 with some 332 million lei loss, last year figures indicate even higher loss of 385 million lei....more »
February 11, 2014 13:40
The Bucharest Stock Exchange (BVB) recorded last year an advance of 40 percent in its turnover, compared with 2012, which came to about 5.4 million euro (24.3 million lei). Additionally, the net profit rose to approximately 2.23 million euro (10 million lei), a growth of 10.9 percent over the previous year. ...more »
February 10, 2014 15:46
Harnessing hydropower energy is the best alternative for the development of Romania’s energy sector. An alternative which has been neglected, since no new major projects have been carried out over the past years, as investments have been restricted to the completion of some old projects, such as Racovita Hydroelectric Power Plant whose construction works started 24 years ago. ...more »
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