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Hidroelectrica Sees All-Time High Gross Profit In 2016
Hidroelectrica, the crown jewel of Romania’s energy system, posted record gross profit of 1.5 billion lei (EUR334 million) in 2016, the year it exited insolvency, according to preliminary da...
Romania’s Banking System Headed Towards Most Profitable Year Ever
Romania’s banking system posted about 2.4 billion lei (EUR537 million) net profit in the first half so the profit may come close or even be higher than in the last year of economic boom, 200...
Romania’s Furniture Exports Hit All-Time High In 2015
Local furniture manufacturers shipped more than EUR2 billion worth of products abroad last year, an increase of 8.4% on 2014, according to the data of the Romanian Furniture Manufacturers As...
2015, IT&C Integrator ETA2U’s Best Year Ever
Timisoara-based ETA2U, the largest IT&C solutions integrator outside Bucharest, posted growth of almost 40% in revenue to 153 million lei (EUR34 million) last year, while profit was up 80% t...
Currency In Circulation Hit Record High In November
The currency in circulation, which contributes directly to the development of the informal economy, rose to an all-time high of 45.5 billion (EUR10 billion) in November, an increase of 17% o...
Iaciu, Impact: Record Apartment Sales In September
Real estate developer Impact Developer & Contractor (IMP.RO), controlled by businessman Gheorghe Iaciu, ended September with the highest sales volume so far, 87 apartments in the Greenfield...
Romanian Furniture Exports To Go Beyond EUR2B In 2015
Romanian manufacturers exported almost EUR1.9 billion worth of furniture last year, an increase of 12.5% on 2013 and this year’s exports should exceed EUR2 billion for the first time.
Romania’s Bicycle Production Hits Record High
Romania made 820,000 bicycles last year, a new record high for the country, which helped it climb to the sixth place in the EU, ahead of France and Portugal for the first time.
Dacia Hits New Production Record
Renault-owned Automobile Dacia’s plant in Mioveni, southern Romania, reached a new production high in the first seven months of the year, assembling almost 221,400 cars, according to the Aut...