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Transelectrica Net Profit Shrinks 73% to RON28M in H1
Transelectrica (TEL.RO), the operator of the national energy transmission system, ended the first half of the year with a net profit of RON28 million, down 73% compared with the RON104 milli...
Three-Month ROBOR Down to 7.98% on August 12
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, has dropped further 7.98% on Fr...
Three-Month ROBOR Drops Further To 8.02% On August 11
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, has dropped further to 8.02% a...
OMV Petrom Natural Gas Output Down 11% in 1H/2022 from Year-Earlier Period
OMV Petrom, Romania’s largest natural gas producer after Romgaz, ended the first half of this year with a natural gas production of 1.7 billion cubic meters, 11% lower from the same period o...
Hidroelectrica Ends H1 with 30% Decline in Electricity Production
Hidroelectrica, Romania's largest state-owned energy producer, ended the first half with a 3 TWh decrease in energy production compared with last year when the company injected more than 10...
Romania’s Beer Market Shrinks 10% in First Four Months of 2022
Romania’s beer market suffered a 10% decline in the first four months of 2022 from the year-earlier period after, at the level of Europe, sales in bars and restaurants dropped by 35% in 2021...
Romania’s Total External Debt Down EUR66M to EUR134B in Jan-April
Romania’s total external debt shrank by EUR66 million to EUR134.5 billion in January-April, of which direct public debt accounted for EUR56.3 billion, EUR2.4 billion lower than on December 3...
Builder P.A.B. Ends 2021 with 19% Decline in Revenue to RON195.5M
Construction company P.A.B. Romania, controlled by entrepreneur Ion Sandu in Arad, posted RON195.5 million (EUR39.7 million) revenue in 2021, down 19.7% compared with the RON243.6 million (E...
HeidelbergCement Profit in Romania Halves in 2021
HeidelbergCement Romania, the local subsidiary of Germany’s group by the same name ended 2021 with 1% rise in revenue to some RON1.3 billion.