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Shirt Maker Braiconf Exports Down 3.5% in 2020
Exports have come to generate more than 85% of the revenue of the Romanian shirt manufacturer Braiconf (BRCR.RO) in Braila, having increased by 10% during the pandemic.
Euro Auto Plastic Systems Revenue Shrinks 32% in 2020
Euro Auto Plastic Systems, the local subsidiary of French-held Faurecia, posted RON332.5 million (EUR69 million) revenue in 2020, 32% below the RON488.9 million (EUR103.2 million) in 2019, F...
Sales of Hand Sanitizer Surge 900% in 2020
Sales of hand sanitizer went up 900% in 2020 compared with the previous year. Romanian consumers spent some EUR7.5 million on such products last year, compared with only EUR750,000 in 2019,...
Romania Loses Top Spot by Corn Production in EU in 2020
With a harvest of 10.8 milion tons of corn in 2020, Romania lost the top spot among producers in the EU, after having held it in 2018 and 2019 with 17 million to 18 million ton production, N...
Coal No Longer Top Three Energy Source in Romania in 2020
Coal was used to generate 16.5% of Romania’s energy last year, which is unprecedented since the major thermoelectric plants in Oltenia used to account for more than 20% of the country’s ener...
Furniture Maker Sortilemn Gherla Revenue Shrinks 6% to RON154M in 2020
Gherla (Cluj County) based furniture manufacturer Sortilemn posted RON154 million (EUR32 million) revenue in 2020, 6% lower than in 2019, largely due to the decline in orders during the lock...
Wood Industry Company Egger Romania Revenue Shrinks 9% to EUR299M in 2020
Egger Romania, part of the Austrian supplier of wood-based material for furniture industry and interior decorations, construction and flooring Egger, posted about EUR299 million revenue in 2...
Dacia and Ford Assembled 10% Fewer Cars in January
Dacia and Ford plants recorded a 10% decline in January on the year-ago month, as the European market remains affected by the pandemic and major countries like Germany are still in lockdown,...
Romania’s Banking System Profit Shrinks 19.5% to RON5.1B in 2020
Romania’s banking system (34 lenders) ended 2020 with RON5.14 billion net profit, assets reached a new high and loan-to-deposit and non-performing loan ratios fell compared with 2019, while...