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Allview: Revenue Halved Because We Dropped Cheap Smartphones From Our Product Lineup
The sales of Visual Fan (Allview) in Brasov saw an abrupt decline from 306 million lei (EUR66 million) to RON157 million in 2017, mainly due to the decision to drop the cheap smartphones fro...
City Insurance And Euroins Sales Down In Q1
The first quarter of 2018 witnessed surprising trends in terms of sales of insurers specializing in auto liability insurance (RCA), as companies like City Insurance and Euroins posted more t...
Three-Month Money Market Rate Keeps Falling
The 3-month money market interest rate used to calculate interests for consumer loans in lei kept its downward trend and fell to 3.35% a year on Wednesday, from 3.36% on Tuesday, central ban...
Romanian Leu Falls To All-Time Low Against Euro
The leu has lost ground lately, but still remained more stable than the Polish zloty, Hungarian forint and the Czech koruna.
Tinmar Energy Market Share Down From 9% To 3%
The year 2017, one of the most delicate years for the energy market, took a toll on the results of Tinmar Energy, an electricity trader held by businessman Augustin Oancea, which had become...
Number Of People Becoming Unemployed Down To New All-Time Low
Fewer than 550,000 Romanians became unemployed in 2017, and the number of is half of what it was in 2007-2008, Labor Ministry data show.
Astra Rail Industries Revenue Down 30% To RON494M In 2017
Rolling stock manufacturer Astra Rail Industries ended last year with 494 million lei (EUR106 million) revenue, 29.8% lower than in 2016 according to the data the company provided for the ZF...
Romania Is Losing 140,000 People A Year Or Almost EUR2B In Wages Alone
Romania’s economy is losing some EUR2 billion every year because 140,000 people ‘vanish’ from statistics, either due to migration abroad or to the negative birth rate.
Heineken Romania Sales Down 4% In 2017
Heineken Romania, the second largest brewer in the country by sales, posted 1.16 billion lei (EUR254 million) revenue last year, 4% lower than in 2016, Finance Ministry data show.