Capital Market
Alro Posts RON68M Net Loss in 2019
Alro Group (ALR.RO), one of Europe’s largest vertically integrated aluminium producers, posted a consolidated turnover of RON2.8 billion in 2019, down 7%, and a net loss of RON68 million com...
Sphera Franchise Group Sales Grow 24% in 2019, to RON955M
Sphera Franchise Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands, said Monday its consolidated sales grew 23.8% on the year in 2019, to RON955 million...
Orsova Shipyard Profit Grows 12.4% in 2019, to RON3.2M
Romanian shipyard Santierul Naval Orsova (SNO.RO), held by three financial investment funds (SIFs) on Friday reported a net profit of RON3.2 million for 2019, up 12.4% on the year.
Electromagnetica Turnover Drops 12% in 2019, to RON256M
Electromagnetica Bucuresti (ELMA.RO), which makes electrical equipment and produces electricity, posted a turnover of RON256 million in 2019, down 12% on the year, while its profit declined...
Farmaceutica Remedia Owner Raises Stake to 80.5% in RON7.16M Transaction
The majority shareholder of Farmaceutica Remedia (RMAH.RO) Valentin-Norbert Tarus, who is also the company's board chairman and general manager, has acquired 15,9 million shares in the compa...
Transgaz Operating Revenue Down 2% To RON1.57B, Net Profit Down 29% YoY To RON349M In 2019
Romania's natural gas transmission company Transgaz (TGN.RO) on Thursday said its operating revenue before the balancing and construction activity fell 2% on the year to RON1.57 billion in 2...
Nuclearelectrica Considers Self-Funding Third Nuclear Unit
Romanian state-owned nuclear power producer Nuclearelectrica may build a third nuclear reactor at the power plant in Cernavoda on its own, relying on its cash flow and on bank loans, company...
EBRD Seeks 5% Stake in Hidroelectrica ahead of IPO
The European Bank for Reconstruction and Development (EBRD) has expressed interest in acquiring 5% of Romanian power producer Hidroelectrica ahead of its stock market listing, outgoing econo...
Financial Regulator Authorizes New Board of Bucharest Stock Exchange
Romania's financial regulator ASF has authorized the new board or directors of the Bucharest Stock Exchange (BVB.RO), which operates the Romanian stock market, the operator said in a stateme...