PROFIT
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Romania Drops Plan To Tax Each Profitable Market Transaction, Applies Yearly Profit Tax
The Romanian Government renounced its plan to tax each profitable capital market transaction, highly criticized by the market players, and decided to introduce a yearly tax on profitable tra...
Transelectrica’s Mystery: Turnover Up, Profit Down, Shares At 2-Year Low
The net profit of Romanian power grid operator Transelectrica (TEL.RO) fell 3.7 times in the first quarter to 43.6 million lei (EUR10 million), while its turnover rose 18% to RON884 million...
Generali Settles For 5% Market Share In Romania Only To Return To Profit
Generali, one of the world’s largest insurers, which owns a top ten company on the Romanian market, says the local insurance sector is not in a very comfortable situation right now because o...
Proprietatea Fund Profit Switches To RON1.5M Loss In 1Q
Romanian investment fund Fondul Proprietatea Thursday said it has switched to a loss of 1.5 million lei (EUR0.34 million) in the first quarter, from a net profit of RON14 million in the year...
Mandatory Private Pension Funds Posted Net Profit Of Over RON1B In May '08 – March '12
Romania’s mandatory pension funds (Pillar II) reported net profit of over RON1 billion (EUR228 million) between May 2008 and March 2012, according to an analysis by the Association for Roman...
BNR Profit Five-Times Lower In 2011, At RON300M
Romania’s central bank reported a pretax profit of 301.4 million lei (EUR70 million) in 2011, according to unaudited financial data, almost five times lower than the previous’ year’s result.
Transgaz Revises Financial Results For 2011. Profit Down 3% From Preliminary Figure
Romanian state-owned gas transporter Transgaz (TGN.RO) on Monday announced its net profit stood at 379.5 million lei (EUR89.5 million) in 2011, down 3.2% from RON392 million it estimated bac...
SIF Transilvania Posts Highest Profit Among The SIFs In February
SIF Oltenia (SIF5.RO) saw the greatest increase in net assets and SIF Transilvania (SIF3.RO) was the most profitable in February, according to the monthly reports filed by Romania's five reg...
Proprietatea Fund Profit Falls To RON1.2M In February
Romanian investment fund Fondul Proprietatea Wednesday said its net profit fell to 1.2 million lei (EUR0.27 million) in February, from RON3.7 million a month earlier.