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Romania Telecom Market Slides 1% in 2022 To RON16.9B
Romania’s telecom services market dropped by 1% to RON16.9 billion in 2022, in line with data aggregated by market regulator ANCOM.
Three-Month ROBOR Keeps Downward Trend, Drops To 6.60% A Year On May 16
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, continued its downward path, fa...
OTP Bank Romania’s After-Tax Profit Shrinks To RON15M In Q1
OTP Bank Romania posted after-tax profit of RON15 million (HUF1 billion) in the first quarter of 2023, compared with RON24 million losses in the year-ago period, which was predominantly impa...
Romgaz Gas Production Down 5% in Q1
The hydrocarbon production of Romgaz (SNG.RO), the second largest oil company in Romania declined by 5.4% from 8.45 million to 8.07 million barrel of oil equivalent in the first quarter of 2...
Romania Industrial Production Down 5% YoY In Jan-Feb 2023
Romania’s industrial production decreased by 5% in January-February 2023 due to drops in electricity, thermal energy, gas, steam and air conditioning production and supply (-12.3%), mining i...
Brewer Bermas Suceava Sees Sales Volume Shrink in 2022
Brewer Bermas Suceava (BRM.RO) posted RON30.1 million revenue in 2022, an increase of almost 5% on the previous year, the company said in its latest report available on the Bucharest Stock E...
Aquila Part Prod Budgets 10% Growth in Revenue, 9% Decline in Profit in 2023
Distribution and logistics company Aquila Part Prod (AQ.RO) expects RON2.4 billion revenue in 2023, up from the RON2.2 billion of 2022.
Alro Slatina Budgets 79% Lower Net Profit for 2023
Aluminum smelter Alro Slatina (ALR.RO) has budgeted $783 million (RON3.6 billion) revenue for 2023, an increase of 15.5% on 2022, $82 million (RON374.8 million) EBITDA, down 51.2%, pre-tax p...
OMV Petrom Budgets 28% Decline in Revenue in 2023
OMV Petrom (SNP.RO), the largest company in Romania, has budgeted RON40 billion revenue from sales in 2022, compared with RON55 billion in 2022 and the net profit should reach RON3.9 billion...