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Piraeus Bank Romania Posted Profit Of Nearly EUR4M In January-September 2016
Piraeus Bank Romania (PBR.RO) registered a gross profit of EUR3.8 million in January-September 2016, compared to the same period a year before when it posted loss, the lender said in a state...
Romanian Banking System Posts EUR810M Profit In Jan-Sep
Banks in Romania posted 3.65 billion lei (about EUR810 million) net profit in January-September, 1.7 times higher than in the year-ago period. Their assets reached RONB378 billion in Septemb...
IAR Brasov 9-Month Turnover Up 30%, Profit Down 31%
Romanian state-run aircraft repair and maintenance company IAR Ghimbav (IARV.RO) reported a turnover of RON79.3 million in January-September 2016, up 30% against the same period a year ago,...
Petrotel Lukoil Refinery Sees Profit Up 7.5-Fold In H1
Petrotel Lukoil, the operator of the refinery in Ploiesti held by Russia’s Lukoil, ended the first six months of the year with almost 2.1 billion lei (EUR467 million) revenue, an increase of...
Hidroelectrica Expects RON1.1B Profit in First 9 Months
Romania’s state-owned hydropower producer Hidroelectrica expects a profit of RON1.13 billion for the first nine months of the year, 30% higher than in the same period last year, the company...
Freight Carrier: Auto Liability Insurance Cuts Our Profit Margin By At Least 20%
Agil Trans, a road freight carrier in Romania, is now paying 22,000 lei (almost EUR5,000) auto liability insurance (RCA) per 16-ton vehicle, over seven times higher than the RON3,000 it used...
Coca-Cola And Heineken, Most Profitable Beverage Industry Businesses
Coca-Cola HBC Romania, the largest soft drinks bottler, and Heineken Romania, the second largest brewer in the country, are the most profitable businesses in an about 9 billion lei (EUR2 bil...
BCR, Banca Transilvania And BRD, Most Profitable Banks In H1
BCR clearly stood out as the profit leader on the local banking market in the first half, followed by Banca Transilvania and BRD-SocGen. Next in the ranking were ING Bank, UniCredit and Raif...
Three Quarters Of Banks In Romania Ended First Half Of 2016 In The Black
Most banks in Romania, namely, three quarters of the total number of credit institutions, reported profit in the first half of 2016.