INCOME
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Banca Transilvania Sees Profit Up 141% In H1
Banca Transilvania (TLV.RO), the third largest bank in Romania by assets, saw an almost 50% rise in operating income in the first half, largely because of the interest income and posted 458....
Globalworth Makes EUR1.5M Rental Income From Residential Property
Greek businessman Ioannis Papalekas, who established and runs property investment company Globalworth, makes EUR1.5 million income a year from renting 200 apartments in the Upground Towers c...
Minimum Wage Raise Boosts Disposable Incomes By EUR600M
The rise in gross minimum wage from 1,050 lei (EUR234) to RON1,250 per month as of May 1 will boost the disposable incomes of more than 1.6 million employees by about EUR600 million a year,...
Banks’ Return To Profit Boosts SIF Dividend Income
The regional investment funds (SIF) will double their dividend income to 320 million lei (EUR71.6 million) this year because of Banca Transilvania (TLV.RO), BRD (BRD.RO) and Erste Bank (EBS....
Saxo Bank: Average Annual Income Of A Romanian Investor On Capital Markets Is EUR50,000
The average annual income of a Romanian investor on the capital markets is of approximately EUR50,000, thus, many of the persons making over EUR4,000 a month in Romania are considering inves...
Romania’s Central Bank Stays In The Black
Romania’s central bank (BNR) posted 500 million lei (about EUR110 million) net income last year, according to the estimates based on the amount of money it transferred to the budget, while c...
AFI Palace Cotroceni Posts EUR7.7M Net Operating Income In 3Q
AFI Palace Cotroceni shopping mall in Bucharest, AFI Europe’s largest and most important asset, generated a net operating income of EUR7.7 million in the third quarter, up 3.3% on the year.
Ropharma Posts 25% Increase In 2Q Net Profit
Romanian pharmaceutical company Ropharma (RPH.RO) posted a 25% rise in its second-quarter net profit, at 1.5 million lei, fueled by the growth of operating income.
No Change Among The Top Three Banks In H1
The three largest banks in Romania posted decline in interest income in the first half and the ranking by assets remained unchanged even after the completion of the deal between Banca Transi...