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Romgaz Expects 16% Lower Revenue In 2016, Of RON3.8B
Romania’s largest natural gas producer Romgaz (SNG.RO) forecasts a nearly 16% decrease in its overall revenue in 2016, to RON3.8 billion, but is counting on a rebound in the 2017-2018 period...
Astra Vagoane Calatori 2015 Revenue Down To One Third Of 2014 Level
Rolling stock manufacturer Astra Vagoane Calatori based in Arad and held by businessman Valer Blidar ended last year with 96 million lei (EUR21 million) revenue, down from RON290 million in...
Trade Registry: Romania Insolvency Numbers Fell 20% In 1Q/2016
The number of companies that went insolvent in Romania in the first quarter of 2016 dropped by 20% to 2,304 on the year, according to Trade Registry data released Wednesday.
GSK Market Share Down To Half In Ten Years
UK’s GlaxoSmithKline (GSK), which had drug production operations in Romania via the Europharm plant in Brasov since late nineties, has lost more than half of its market share in Romania on t...
OMV Petrom, Third Biggest Decline In Revenue Among Region’s Heavyweights
No company in the oil business was able to escape the fallout of the decline in oil price in 2015, so the ten largest energy industry actors in Central and Eastern Europe ended 2015 with EUR...
Romania’s Wine Production Down 3% In 2015
Romania’s wine production dropped about 3% to 3.6 million hectoliters last year, which was the second year of decline in a row for the industry, according to a ZF analysis based on Agricultu...
Capital Market Consultant: Number Of Local Brokerage Firms To Keep Falling In Coming Years
The number of local brokerage firms will continue to decrease in coming years, to below the threshold of 20, and it will be more and more difficult for a company with no monthly turnover of...
Temporary Workforce Market Down, Number Of Employees Up
The number of temporary employees in Romania fell by 25% to almost 78,000 in the third quarter of 2015 from 101,800 at the end of the second quarter, according to Eurostat data.
Car Sales Reach Highest January Level In Seven Years
Vehicle sales stood at more than 6,600 units in January, an increase of 19% on the year-ago month, dealers on the Romanian market say.