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Baneasa Developments Profit Up 12% To RON80M In 2017
Baneasa Developments, the operator of Baneasa Shopping City in northern Bucharest, saw its net profit increase by 12% to more than 80 million lei (EUR17 million) in 2017.
Libra Internet Bank 2017 Profit Soars 83% To RON59.4M
Libra Internet Bank on Tuesday said its profit surged 83% on the year to RON59.4 million in 2017 and its overall assets rose 36% on the year to RON4.6 billion.
Three Most Profitable Lenders Posted RON3.2B Profit In 2017
BRD-SocGen became the leading lender in Romania by profit, beating Banca Transilvania, which ranked second, while the largest bank on the market by assets, BCR, ranked third.
Srini Gopalan, DT: Too Many Competitors, Too Little Profit In Romania’s Telecom Sector
The number of competitors in Romania is too high, which means they make very low profits even when the economy is growing a record rate, so the telecom market is headed for consolidation.
Gaming Operator Max Bet Sees RON100M Profit In 2017
Gaming operator Max Bet ended last year with 477 million lei (EUR102 million) revenue, an increase of 17% on 2016, according to the Finance Ministry data.
Hidroelectrica Sees Higher Than Expected Profit In 2017
Romania’s largest electricity generation company Hidroelectrica ended last year with about 1.5 billion lei (EUR322 million) gross profit, close to the record high of 2016 and 20% more than b...
Nine Years Since Bucharest Stock Exchange Low
February 25 marks the ninth anniversary of the Bucharest Stock Exchange lows, nine years during which its main index, BET has gone up 340% from 1,887 points to 8,280 points. In comparison, D...
More Than Three Quarters Of Lenders In Romania Posted Profit In 2017
More than three quarters of the lenders in Romania, 28 banks, ended last year in the black, while seven were in the red, Romania’s central bank data show.
Altur Slatina Switches To RON241,779 Profit In 2017 Vs RON249,182 Loss In 2016
Romanian car parts maker Altur Slatina (ALT.RO) on Friday reported a profit of RON241,779 in 2017, compared with a loss of RON249,182 in 2016, and a turnover of RON97.8 million, up 6.7% from...