Companies
Prefab 2013 Revenues Up 7%, to RON87.8M
Romanian building materials maker Prefab Bucuresti (PREH.RO) had revenues of RON87.8 million last year, up 7% from RON81.9 million in 2012, and its net profit dropped to RON800,000 from RON2...
Farming Sector Contributed Half Of 2013’s Economic Growth
Agriculture generated almost half of Romania’s surprising economic growth of last year, 3.5%, after the gross value added in the farming sector increased by 23% year-on-year, according to Eu...
Romania To Approve Program Slashing Arrears Of State Companies By RON2B
The Romanian Government will approve next week a program aimed to reduce the overdue debts of state-owned companies by 2 billion lei (EUR0.44 billion), Prime Minister Victor Ponta and Minist...
Gas Producers Could Be Forced To Sell Up To 30% Of Output On Commodities Market
Romanian producers and distributors of natural gas could be forced by law to sell on the local commodities market 20% to 30% of the volumes produced or proposed for distribution, minister de...
Romania Sets 2019 As New Euro Adoption Deadline
Romania’s government expects the country will meet this year all the Maastricht criteria to converge to the euro area and set the year 2019 as a self-imposed deadline for the euro adoption.
Coca-Cola Sales Volumes In Romania Down 9% In 2013
Coca-Cola's sales volumes in Romania dropped 9% last year, to 148.5 million cases from 162.7 million cases in 2012, following the negative impact of macroeconomic and commercial conditions.
Turism Felix 2013 Net Profit 3.9% Higher On Year To RON4.7M
Romanian hotel operator Turism Felix (TUFE.RO) registered net profit of 4.7 million lei (EUR1.04 million) in 2013, up 3.9% from RON4.52 million in 2012.
Electromagnetica 2013 Revenue Down 11% To RON397.3M, Profit Up 3%
Revenues of Romanian electric and electronic equipment maker Electromagnetica Bucuresti (ELMA.RO) fell 11% on the year in 2013, to RON397.3 million, but its net profit rose 3%, to nearly RON...
Turbomecanica Narrows Loss 46.4%, To RON7.34M
Romanian turbojet parts maker Turbomecanica Bucuresti (TBM.RO) narrowed its loss by 46.4% in 2013, to RON7.34 million, from RON13.7 million in 2012.