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Allianz-Tiriac, Most Profitable Insurer in Romania in 2020
Allianz-Tiriac, the third largest insurer in Romania, ended 2020 with RON153.8 million net profit, 1.3% higher than in 2019, which makes it the most profitable insurer of all general and lif...
Grain Trader East Grain Revenue Rises 19% to RON359M in 2020
Grain trader East Grain, held by a number of Romanian and Hungarian entrepreneurs, ended 2020 with growth of about 19% in revenue to RON359 million (EUR74.5 million) from the RON302 million...
Logistics Service Provider H Essers Revenue Down, Profit Up in 2020
Logistics service provider H Essers SRL, the Romanian subsidiary of Belgium H Essers group, posted RON180.7 million (EUR37.5 million) revenue in 2020, a decrease of about 5% year-on-year, ZF...
Zes Zollner Electronic Posts 25% Rise in Profit to RON83M in 2020
Electronic component and equipment manufacturer Zes Zollner Electric, the Romanian subsidiary of Germany’s Zollner Elektronik group, posted RON1.180 billion (EUR244.8 million) revenue in 202...
Aircraft Parts Maker UACE Posts 22.5% Decline in Revenue in 2020
Aircraft parts maker United Alloy Corporation Europe (UACE) posted RON471.5 million (EUR97.8 million) revenue in 2020, about 22.5% lower than the RON607.8 million (EUR128.3 million) of 2019,...
Vegetable Oil Producer Ardealul Carei Revenue Down 5% to RON259M in 2020
Ardealul Carei, one of the largest vegetable oil producers held by local entrepreneurs, posted more than RON258.8 million (EUR53.7 million) revenue in 2020, a decrease of 5% year-on-year, ZF...
Furniture Maker PGS Sofa & Co Profit Up 2.7 Times to RON10.5M in 2020
Furniture manufacturer PGS Sofa & Co in Oradea ended 2020 with more than RON280.9 million (EUR58.3 million) revenue, a decrease of 18% year-on-year from RON344 million (EUR72.6 million), Fin...
Sphera Franchise Group Plans to Pay RON35M Dividends From 2019-2020 Profits
The Board of Directors of Sphera Franchise Group, the operator of Pizza Hut, KFC, and TacoBell in Romania, plans to pay some RON35 million to shareholders in dividends from the 2019-2020 und...
Dairy Producer Carmo-Lact Prod Doubles Profit in 2020
Carmo-Lact Prod (Bistrita-Nasaud) dairy producer posted more than RON132.7 million (EUR27.5 million) revenue last year, an increase of 26% year-on-year, ZF has calculated from Finance Minist...