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NBFIs Raked In More Profit Than Banks In Romania In 2013
The 50 largest non-banking financial institutions (NBFI), largely consumer lending companies, in 2013 reported overall profit worth 144 million lei (EUR33 million) amid revenue of RON2.9 bil...
Lafarge, Most Profitable Cement Company In Romania
Cement producer Lafarge Ciment, the largest company in Romania of France’s Lafarge, which is to sell its local assets in order to merge with Swiss-held Holcim, posted EUR2.4 billion revenue...
Insurance Brokerage Brings Good Profits
Insurance brokers posted an aggregated net profit of 114 million lei (EUR26 million) last year, and the margins of the 15 largest of them ranged from as low as 3% to as much as 75% of the to...
Raiffeisen Expects Profit In Romania In 2014
Raiffeisen Bank International (RBI) said Friday it expects profit in Romania in 2014 as well, after Erste Group announced that it expects record losses due to higher provisions in Romania an...
De’Longhi’s Jucu Plant Turns A Profit In Its First Year In Business
Italian-held home appliances manufacturer De’Longhi, which opened a plant on some of the space vacated by Nokia in Jucu, near Cluj, ended its first year in business in Romania in the black p...
Insurance Industry Ends Eighth Year In The Red With EUR100M Loss
Insurance companies ended last year with a loss about 450 million lei (EUR100 million), 40% higher than in 2012. This is the eighth year in the red for the Romanian insurance industry, accor...
Avon And Oriflame Registered Higher Profit In Romania In 2013
The profits of Avon and Oriflame, the largest direct cosmetics sales companies in Romania, increased last year compared with 2012, by 15.3% and 62%, respectively, according to Trade Registry...
Omniasig Vienna Insurance Group Switches To RON4M Profit In 1Q
Omniasig Vienna Insurance Group switched to a net profit of RON3.98 million in the first quarter of the year, while its underwritten insurance premiums fell 13.8% to RON192 million, due to t...
20 Most Profitable Companies In Romania Posted EUR3B Profit In 2013
OMV Petrom (SNP.RO), which lost its position as largest company in Romania to Automobile Dacia in 2013, remained the most profitable company in the country, having posted a record profit of...