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Uniqa Asigurari and Uniqa Asigurari De Viata Gross Written Premiums Up to EUR83M in Jan-Sep
Uniqa Asigurari and Uniqa Asigurari de Viata, the Romanian companies of Austria’s Uniqa group, posted EUR83 million gross written premiums together in the first nine months of 2022, an incre...
Dumagas Set to Switch to Profit in 2022
Dumagas, one of the largest freight forwarders on the local market, controlled by investment fund Bancroft, will end 2022 with EUR38 million turnover and switch to profit after reporting los...
Romania Banking System Hits Record High Profit of RON7.6B in Jan-Sept 2022
The net profit of Romania’s banking system hit a new record high at the end of the first nine months of 2022, of RON7.6 billion, up around 20% from the year-earlier period, as lending advanc...
Rompetrol Rafinare Posts Almost $5B Revenue in Jan-Sep 2022
Rompetrol Rafinare (RRC), which operates the Petromidia Navodari and Vega Ploiesti refineries, posted gross revenue of $4.87 billion in January-September 2022, 48.5% above the previous year'...
Vegetable Oil Producer Argus Constanta Sees Nine-Month Profit Rise 12-Fold in 2022
Vegetable oil producer Argus Constanta (UARG.RO) posted RON36.2 million net profit at the end of September, 12 times higher than the RON3 million of the year-ago period, the company said in...
Biofarm Posts 20% Higher Net Profit and 17% Higher Sales in Jan-Sep
Drug manufacturer Biofarm (BIO.RO) recorded a net profit of RON65.7 million in the first nine months of 2022, an increase of 20% on the previous year, according to ZF calculations based on d...
Luca de Meo, Renault: Dacia To Become Even More Profitable, Transition to EVs By 2035
Luca de Meo, Renault Group CEO, stated during the Capital Market Day conference he banks on boosting the profitability of Dacia brand, which, beside Bigster will launch another two new compa...
Turbomecanica Profit Shrinks 42% to RON2.5M in Jan-Sep
Turbomecanica (TBM.RO), the only local manufacturer of gas turbine engines and mechanical assemblies for aircraft, announced on the Bucharest Stock Exchange a net profit of RON2.5 million in...
Hotel Company Aro-Palace Switches to Profit in Jan-Sep
Aro-Palace (ARO.RO), which owns one of the largest five-star hotels outside Bucharest, ended the first nine months of the year with a net profit of about RON350,000 compared with a loss of R...