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Romania Banking System Profit Reaches RON4.5B in Jan-Aug
Romania’s banking system, the main lender of Romania’s economy, posted almost 4.5 billion lei net profit in the first eight months, while lending increased by 5.4% on average, Romania’s cent...
Ten Most Profitable Businesses in Romania Made RON10.6B Net Profit in 2019
The ten most profitable companies in Romania made more than 10.6 billion lei net profit last year, ZF has found from Trade Register data.
Insurance Market Posts 51% Rise in Net Profit to RON100.9M in H1
The insurance market ended the first half with 100.9 million lei profit, 51% more than in the year-ago period, Financial Supervisory authority (ASF) data show.
Soufflet Malt Profit Rises 7% to RON17M in 2019
Soufflet Malt, the largest producer of malt (one of the key ingredients for beer) in Romania, posted about 255 million lei (EUR53.8 million) revenue in 2019, an increase of 7.5% on the previ...
Luca Pretzel Shop Chain Operator Tinervis Group Makes Over RON19M Profit in 2019
Romanian entrepreneur held Tinervis Group, which operates the Luca pretzel shop chain ended 2019 with 133.8 million lei (EUR28.2 million) revenue, an increase of 31% on the previous year, ZF...
Cerealcom Dolj Profit Triples to RON19M in 2019
Cerealcom Dolj, one of the largest grain and oilseeds farming businesses in Romania, tripled profit to 19 million lei (EUR13.9 million) in 2019, while revenue reached RON679 million (EUR142...
Noriel Group Posts RON263M Revenue in 2019
Toy manufacturing, wholesale, and retail group Noriel posted 263 million lei revenue in 2019, an increase of 13% on the previous year, Finance Ministry data for the three companies of the gr...
Raffaello Shoes Factory Doubles Profit to RON7.2M in 2019
Raffaello Shoes Factory, the largest shoe manufacturer in Romania, posted more than 7.2 milion lei (EUR1.5 million) net profit in 2019, 2.2 times higher than in 2018, when it stood at some R...
Danone Romania Sees 75% Rise in Net Profit to RON28.8M in 2019
Danone Romania, the leader of the local yogurt market, ended last year with 612 million lei (some EUR125 million) revenue, an increase of 10% on 2018, Finance Ministry data show. The net pro...