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Mega Image Profit In Romania Tripled To EUR10.5M In 2012
Retail&Consumer

Mega Image Profit In Romania Tripled To EUR10.5M In 2012

Retailer Mega Image, part of Belgian group Delhaize, registered profit of 46.7 million lei (EUR10.5 million) in Romania in 2012, 3.5 times higher on the year.

Ioana Tudor · 09.07.2013 · 15:04 · 1 min
Argo’s Four Shopping Centers In Romania See Their Value Downgraded To EUR330M
Real Estate

Argo’s Four Shopping Centers In Romania See Their Value Downgraded To EUR330M

The four shopping centers operated by Argo Real Estate Opportunities Fund (Argo) in Romania were evaluated at EUR330 million at the end of March, down by nearly EUR7 million from the same pe...

Ecaterina Craciun · 09.07.2013 · 15:03 · 2 min
Huawei Romania’s Turnover Climbs To $249M In 2012
Technology &Telecoms

Huawei Romania’s Turnover Climbs To $249M In 2012

Chinese IT&C equipment producer Huawei registered turnover of $249 million in Romania in 2012, about 10% higher on the year, and estimates its local turnover will increase to $260 million in...

Ioana Tudor · 09.07.2013 · 14:45 · 1 min
IKEA Romania Registers Loss For Second Straight Year
Retail&Consumer

IKEA Romania Registers Loss For Second Straight Year

Swedish giant IKEA, which operates one store in Romania, last year recorded loss of EUR3.6 million and sales of EUR76.2 million on the local market, according to Trade Registry data.

Tudor Ioana Raluca · 09.07.2013 · 00:00 · 2 min
Hidroelectrica Swings To Record 1H Profit Of RON481M
Energy

Hidroelectrica Swings To Record 1H Profit Of RON481M

Romania’s largest power producer Hidroelectrica Monday reported a record first-half profit of 481 million lei (EUR109.5 million) from losses in the year-earlier period, boosted by higher rev...

Florentina Dragu · 08.07.2013 · 13:46 · 1 min
Arabesque’s Sales Fell To EUR430M In 2012
Retail&Consumer

Arabesque’s Sales Fell To EUR430M In 2012

Romanian construction material distributor Arabesque registered turnover of 1.906 billion lei (some EUR430 million) in 2012, down 3.8% on the year.

Ioana Tudor · 04.07.2013 · 13:12 · 1 min
Romaero 1Q Revenues Down 6% On Year, To RON20.7M
Companies

Romaero 1Q Revenues Down 6% On Year, To RON20.7M

Romanian aircraft repairs and maintenance company Romaero Bucuresti (RORX.RO) on Tuesday said its revenues fell by 6% in the first quarter to 20.7 million lei (EUR4.6 million), from RON22.2...

Ecaterina Craciun · 02.07.2013 · 18:23 · 1 min
BNR's 2012 Net Profit More Than Doubles To RON696M
Banks-Insurance

BNR's 2012 Net Profit More Than Doubles To RON696M

Romania’s central bank Friday said its net profit more than doubled to 696.14 million lei (EUR156.2 million) in 2012, largely helped by higher operating profit.

Florentina Dragu · 28.06.2013 · 16:04 · 1 min
CEZ Net Profit In Romania Rose Fourfold To RON189M In 2012
Energy

CEZ Net Profit In Romania Rose Fourfold To RON189M In 2012

Czech power group CEZ AS Thursday said its 2012 net profit in Romania rose over fourfold on the year to 189 million lei (EUR42.5 million), from RON45 million a year earlier.

Florentina Dragu · 27.06.2013 · 13:09 · 1 min