Capital Market
VES Sighisoara Switches To RON3M Loss In 2011
Romanian enameled cookware manufacturer VES Sighisoara (VESY.RO) Tuesday said it has switched to a loss of 2.9 million lei (EUR0.66 million) in 2011, versus profit a year earlier, hit by a 1...
Petrolexportimport Swings To Profit In 2011
Romanian fuels wholesaler Petrolexportimport (PEI.RO) Tuesday said it has swung to net profit in 2011 versus losses a year earlier, helped by a 45% increase in sales.
Azomures 2011 Net Profit More Than Doubles To RON346M
Romanian chemical fertilizer maker Azomures (AZO.RO) Tuesday said its net profit more than doubled on the year to 346 million lei (EUR81.8 million) in 2010, fueled by a 35% increase in sales...
SIF Oltenia 2011 Revenue Falls To RON133M
Romanian regional investment fund SIF Oltenia (SIF5.RO) Tuesday reported total revenue of 133.2 million lei (EUR31.4 million) in 2011, down 21% from RON168.5 million a year earlier.
Bucharest Stocks Close Down, SIFs Stay Afloat
The Bucharest bourse closed Tuesday with a minor decrease, but the five regional investment funds, or SIFs, managed to stay in the green.
Leu Ends Flat Vs Euro In Lackluster Session
Romania’s leu traded slightly below 4.35 per euro amid a quiet session Tuesday and closed flat on the day, tracking the currencies in the region.
BRD To Free Up Provisions Of RON1.5B After IFRS Adoption
Romanian second largest lender BRD- Groupe Societe Generale (BRD.RO) estimates will free up provisions worth some 1.5 billion lei (EUR350 million) following the adoption of the international...
Oil Terminal Cuts Working Hours, Salaries
Management at Romanian state-owned harbor operator Oil Terminal (OIL.RO) decided to reduce working hours to four days per week, coupled with pay cuts, in order to cut costs.
Compa Sibiu Posts RON17.2M Net Profit For 2011, Up 81% YY
Romanian car parts maker Compa Sibiu (CMP.RO) posted a net profit of 17.2 million lei (EUR3.95 million) for 2011, up 81% from RON9.51 million in the previous year, according to preliminary r...