Capital Market
Transelectrica Profit Triples in 2018, to RON89M
Romanian state-run power grid operator Transelectrica (TEL.RO) on Friday reported a net profit of RON89 million, triple compared with 2017, despite a drop of 11% in total revenue, to RON2.7...
Romgaz Posts 9% Hike in Turnover, Net Profit Declines in 2018
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) on Friday reported a consolidated turnover of RON5 billion for 2018, up 9% on year, while its net profit declined to RON1.4 bill...
Aerostar Bacau Net Profit Grows 50% in 2018, to RON79.9M
Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) on Thursday reported a 50% growth in net profit for 2018, to RON79.9 million, and a turnover of RON353 million, up 3.89...
Oil Terminal Posts 93% Drop in Net Profit in 2018
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO), majority owned by the Romanian state, posted a 93% annual drop in net profit in 2018, tyo RON318,000, the company said...
Investors in Bank Stocks Gain 20% in Bucharest Stock Exchange’s Best Week Since 2010
Banca Transilvania, and BRD, the most traded stocks on the Bucharest Stock Exchange, gained up to 20% last week, as more and more investors expect the tax on bank assets to be dropped.
Bittnet Systems Boosts Share Capital By RON350,000
IT&C solution integrator and IT training services provider Bittnet Systems (BNET.RO) on Thursday announced a share capital increase by issuing 3,477,967 shares, with a face value of RON0.1,...
SafeTech Innovations Doubles Profit In 2018; Eyes Listing On BVB’s Alternative Trading System AeRO
Local company Safetech Innovations, specialized in providing cyber security solutions, on Thursday reported a net profit of RON1.1 million for 2018, double against the result reported in 201...
Digi Communications Seeks to Raise EUR125M from Investors
Telecom operator Digi Communications (Digi.RO) on Wednesday decided to offer additional secured notes maturing in 2023 with 5% interest, seeking to raise EUR125 million.
KMGI Posts $86M Net Profit in 2018, Plans to Start Building Petromidia Cogeneration Plant
KazMunayGas International (KMGI) plans to start the implementation of projects for the construction of a cogeneration plant at the Petromidia refinery in 2019 and to expand its retail networ...