Companies
BCR: Interest Rates On Low Risk Leu-Denominated Loans To Fall Below 6%
Romania’s largest bank BCR Tuesday estimated that interest rates on low risk loans in domestic currency could fall below 6% in 2014, close to foreign currency loan rates.
Allianz-Tiriac 1H Net Profit Up 33%, To RON7.2M
Insurer Allianz-Tiriac Asigurari had revenues of RON464.6 million from general and life insurance premiums in the first half of the year, up nearly 1%, while its net profit rose 33.3%, to RO...
MOL Romania Fuel Sales Up 7% In 1H
MOL Romania, the local subsidiary of Hungarian oil group MOL, posted sales of 235,000 tons of fuel in the first half of the year, up 7%, driven by an extended gas station network and improve...
Oltchim's 1H Net Loss Narrows To RON147.4M
Romanian chemical company Oltchim Ramnicu Valcea (OLT.RO) Tuesday reported a net loss of 147.4 million lei (EUR33.3 million) in the first half, compared with RON182.2 million in the same per...
Kronospan Expects 15% Growth Despite Flat H1
Kronospan Romania, one of the largest local wood processing industry companies, expects revenue growth of 15% this year despite flat sales in the first half.
Small Company Sees Highest Profit Margin In 2012
The most profitable company in Romania if comparing profit to its turnover, is not a giant like OMV Petrom or Fondul Proprietatea but a holding company in Bucharest. Amv Est Group SRL posted...
Louis Vuitton Plants In Romania Doubled Sales During Crisis
The two plants making bag parts for LVMH’s Louis Vuitton in Cisnadie and Avrig (central Sibiu County), saw an increase of over 80% in sales during the period of economic crisis.
ASF Head Says He Disagrees With Planned Dual Listing Of Romgaz
Gas producer Romgaz should be listed only on the Bucharest Stock Exchange and brokers should make all the efforts to bring foreign investors here, said Dan Radu Rusanu, head of the Romania’s...
Dafora Turnover Rises 24%, But Loss Widens 86% In 1H/2013
Romanian drilling company Dafora Medias (DAFR.RO), controlled by businessman Gheorghe Calbureanu, said Monday it registered a turnover of 90.54 million lei (EUR20.4 million) in the first hal...