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Alumil 1Q Loss Widens To RON1M, Net Income Soars 74% To RON21M
Romanian aluminum processor Alumil Rom Industry (ALU.RO) on Monday said its net income soared 74.8% year-on-year, to RON21.3 million, in January-March 2018, and its loss widened to RON1.04 m...
Oil Terminal Net Profit Down Over 90% In 1Q/2018, To RON17,000
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) on Monday said its net profit plunged 99.7% to RON17,000 year-on-year in the first quarter of 2018, and its turnover fe...
Sales Of Trucks Continue To Lose Steam Despite Economic Growth
Sales of heavy trucks of over 16 tons fell by 25% to almost 6,500 units last year, Automotive Manufacturers and Importers Association (APIA) data show, and the pace slowed down in the first...
Aerostar Bacau 2017 Turnover Down 4.5% To RON340M
Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) reported a turnover of RON340 million in 2017, down 4.5% on the year, and a net profit of RON53.1 million, down 5.8% on...
Total Area Of Malls And Shopping Galleries In Romania Down In 2017
For the first time in the history of malls in Romania, the total area of malls and shopping centers, i.e. those centers that have a hypermarket or a supermarket as an anchor dropped in 2017,...
Omniasig Vienna Insurance Group Underwrote Gross Premiums Of RON1.06B, Down 2.24% On Year
Insurance company Omniasig Vienna Insurance Group registered underwritten gross premiums of RON1.06 billion in 2017, down 2.24% on year, due to a 4.26% decline in underwritings on the automo...
VIG Underwritten Gross Premiums Down 5% To EUR506M In Romania, In 2017
Vienna Insurance Group (VIG), which controls companies Omniasig, Asirom and life insurer BCR Asigurari de Viata in Romania, registered underwritten gross premiums of EUR506 million on the Ro...
Romanian Migration Abroad Leaves Country’s Food Industry Plants Without Customers
Food industry production facilities in Romania operated at only 72% capacity last year, below the European average, and their capacity utilization rate is dwindling year by year.
Wine Production Down Despite Absorption Of EU Funds
The number of wineries has steadily gone up in the past few years, partly because of the very high EU fund absorption, but production and actual vineyard area are dwindling, as some of the i...