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Number of New Agricultural Cooperatives at Decade High in 2018
The year 2018 saw 280 agricultural cooperatives established, a decade high. Farmers say this type of organization makes it easier for them to attract and make investments, buy cheaper raw ma...
Automobile Dacia Profit Up 40% to Record High of EUR162M in 2018
Automobile Dacia, the largest company in Romania, posted EUR5.3 billion revenue in 2018, 5% higher than in 2017 and its highest ever. Profit was up 40% to EUR162 million last year, again its...
Romania’s Banking System Profit Hits Record High of Over RON7B in 2018
The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an outstanding profit last year, more than 7 billion lei (EUR1.5 bill...
Dacia and Ford Assembled EUR7B Worth of Cars in Romania in 2018
The start of production of the new SUVs – Duster and EcoSport led to a significant increase in the number of cars assembled in Romania last year, considering the SUV segment is the most dyna...
Romania Climbs to Top Spot Among EU Corn Producers in 2018
Romania accounts for 27.8% of the corn production in the European Union, almost one third of the total, after having recorded its highest production ever, 18.9 million tons, in 2018.
Banks In Romania Post Record Profit Of Over EUR1.2B In Jan-Sept
The lending rebound, the interest hikes and the improvement of portfolio quality helped the banking system in Romania post a record net profit of 5.74 billion lei (more than EUR1.2 billion),...
Total Revenue Of Companies In Romania Overshot EUR300B Mark In 2017
The revenue of companies in Romania rose 8% to 1,401 billion lei (EUR305 billion) in 2017, the highest level ever for the local business sector, both in lei and in euros.
Romania’s Banking System Posts Record High Profit Of Almost RON3.6B In H1
Romania’s banking system made 3.56 billion lei (EUR766 million) net profit in the first half, following an increase in lending and interests and an improvement in portfolio quality, as the l...
Coca-Cola Bottler Posts Highest Net Profit In Romania Ever
Coca-Cola HBC Romania, the largest soft drinks bottler in the country, saw its net profit rise 21% to 337.9 million lei (almost EUR74 million) last year, Finance Ministry data show.