Companies
Prodplast Posts 1Q Loss, Sales Down Six-Fold After Relocation
Romanian plastic items maker Prodplast Bucuresti (PPL.RO), owned by businessman Florin Pogonaru, posted a loss of RON828,000 in the first quarter and sales of 2.4 million, nearly six times l...
Compa Sibiu Sales Down 15% In 1Q, To RON117M
Sales of Romanian car parts manufacturer Compa Sibiu (CMP.RO) declined 15% in the first quarter, to 117.7 million lei (EUR26.8 million), following a global decline in car manufacturing and s...
Electroarges 1Q Turnover Up 16.5%, To RON45.7M
Romanian home appliance manufacturer Electroarges (ELGS.RO) posted a turnover of 45.73 million lei (EUR10.42 million) in the first quarter, up 16.52% from RON39.25 million in the same period...
Artego Revenues Fell Over 10% In 1Q, To RON47.8M
Romanian rubber bands maker Artego Targu Jiu (ARTE.RO) said its first-quarter revenues dropped by 10.5% on the year to 47.8 million lei (EUR11.03 million), from RON53.4 million in the year-e...
Government Estimates Over 10,000 State Employees Will Be Laid Off By 2018
Over 10,000 employees in state companies and institutions will be laid off by 2018, according to a government estimate.
Allianz Underwritings In Romania Up 6% In 1Q, To EUR55M
Gross premiums underwritten by German insurance group Allianz in Romania increased 6% in the first quarter, to EUR55 million, the company said in a report Wednesday.
New Banca Transilvania CEO Aims To Boost Market Share To Over 10%
The main goal of Omer Tetik, announced as the new chief executive officer of Banca Transilvania on Tuesday, will be to boost the market share to over 10% from the current 8%.
Which Companies Will Make It To The Shortlist To Buy CFR Marfa?
The Transport Ministry will on Wednesday have the shortlist of companies that remain in the race for buying the majority stake in state-run CFR Marfa, the largest railway freight transporter...
RCS&RDS Seeks Buyer For Its Solar Power
RCS&RDS, Romania’s largest cable TV company that branched out into solar power last year, is looking for a buyer for the power generated by one of its solar PV farms.