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Trade Registry: Insolvencies In Romania Grew 17.38% To Nearly 3,000 In Jan-April 2018
Companies

Trade Registry: Insolvencies In Romania Grew 17.38% To Nearly 3,000 In Jan-April 2018

The number of companies that went insolvent in Romania in the first four months of 2018 grew 17.38% compared with the same period in 2017, to 2,965 companies, Trade registry data showed.

Ecaterina Craciun · 29.05.2018 · 13:42 · 1 min
Porsche Romania Sees EUR637 Million Revenue In 2017
Automotive

Porsche Romania Sees EUR637 Million Revenue In 2017

Porsche Romania, the largest auto importer in the country, posted EUR637 million revenue in 2017, up 15% on the previous year. Profit was flat at EUR23.6 million.

Loredana Frățilă-Cristescu · 28.05.2018 · 09:04 · 1 min
Three-Month ROBOR Hits 4.5-Year High Of 2.79%
Banks-Insurance

Three-Month ROBOR Hits 4.5-Year High Of 2.79%

Romania’s money market rate (ROBOR), the main indicator that sets the interest rates for RON currency borrowers, touched a 4.5-year record of 2.79% a year on Thursday, from 2.77% on Wednesda...

Ecaterina Craciun · 24.05.2018 · 13:06 · 1 min
ROBOR Index Hits New Four-Year High Of 2.77%
Banks-Insurance

ROBOR Index Hits New Four-Year High Of 2.77%

The three-month ROBOR index, used to calculate interests on loans in lei with variable interest, rose to 2.77% a year on Wednesday, from 2.75% a year on Tuesday, the highest level since Octo...

Ecaterina Craciun · 23.05.2018 · 13:42 · 1 min
FMCG Distributor Interbrands Posts EUR187M Revenue In 2017
Companies

FMCG Distributor Interbrands Posts EUR187M Revenue In 2017

Interbrands Marketing & Distribution, one of the largest fast-moving consumer goods distribution businesses in Romania, ended last year with 856 million lei (more than EUR187 million) revenu...

Loredana Frățilă-Cristescu · 21.05.2018 · 09:44 · 1 min
ING Bank Romania Posts 32% Higher Revenue In 1Q/2018, Of RON425M
Banks-Insurance

ING Bank Romania Posts 32% Higher Revenue In 1Q/2018, Of RON425M

ING Bank Romania on Thursday said its revenue grew 32% on the year, to RON425 million, in the first quarter of 2018, and its net profit reached RON193 million, considering that the number of...

Ecaterina Craciun · 17.05.2018 · 13:29 · 1 min
SME Guarantee Fund Gross Profit Surges 55% In 1Q/2018, To RON36M
Companies

SME Guarantee Fund Gross Profit Surges 55% In 1Q/2018, To RON36M

Romania's national guarantee fund for small and medium-sized businesses (FNGCIMM) on Wednesday said its gross profit grew 55% on the year, to RON36.08 million, in the first quarter of 2018,...

Ecaterina Craciun · 16.05.2018 · 14:40 · 1 min
Purcari Posts RON5.9M Net Profit, RON33.9M Revenue In 1Q/2018
Companies

Purcari Posts RON5.9M Net Profit, RON33.9M Revenue In 1Q/2018

Winemaker Purcari (WINE.RO) on Wednesday said its net profit rose 18% on the year, to RON5.9 million, in the first quarter of 2018, and its revenue grew 21% to RON33.9 million.

Ecaterina Craciun · 16.05.2018 · 14:20 · 1 min
Vodafone Romania Service Revenue Up 2.5% To EUR723M In 2017-2018 FY
Companies

Vodafone Romania Service Revenue Up 2.5% To EUR723M In 2017-2018 FY

Vodafone Romania reported service revenue of EUR723.6 million in the 2017-2018 fiscal year ended on March 31, 2018, up 2.5%, in organic terms, compared with the previous year.

Ecaterina Craciun · 15.05.2018 · 10:37 · 1 min