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Metro Cash&Carry Romania Sales Fall In 2012 For Fifth Straight Year
Retail&Consumer

Metro Cash&Carry Romania Sales Fall In 2012 For Fifth Straight Year

Metro Cash&Carry Romania’s sales fell for the fifth consecutive year to EUR1.018 billion in 2012, from EUR1.06 billion in 2011.

Ioana Tudor · 20.03.2013 · 14:25 · 1 min
Oltchim 2012 Loss Doubles To RON403M
Energy

Oltchim 2012 Loss Doubles To RON403M

Romanian insolvent chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Wednesday said its loss more than doubled on the year to 403.3 million lei (EUR90.5 million) in 2012, with sales halvi...

Florentina Dragu · 20.03.2013 · 13:35 · 1 min
Boromir Prod Sales Fall 23.3% In 2012 To RON114M
Capital Market

Boromir Prod Sales Fall 23.3% In 2012 To RON114M

Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO) reported sales of 114.06 million lei (EUR25.6 million) for 2012, down 23.3% on the year, and losses of RON1.36 million.

Ioana Tudor · 18.03.2013 · 18:18 · 1 min
SIF Muntenia Ranks As Most Profitable SIF In February
Capital Market

SIF Muntenia Ranks As Most Profitable SIF In February

SIF Muntenia (SIF4.RO) climbed to first place in terms of profitability among the five regional investment funds registered in Romania, with a net profit of 20.3 million lei (EUR4.61 million...

Florentina Dragu · 15.03.2013 · 19:35 · 1 min
UniCredit Tiriac Bank 2012 Pretax Profit Rises To EUR46M
Banks-Insurance

UniCredit Tiriac Bank 2012 Pretax Profit Rises To EUR46M

Romania’s UniCredit Tiriac Bank posted a 9.4% increase in its pretax profit to EUR46 million in 2013, helped by lower provisions for bad loans, the mother bank said Friday.

Florentina Dragu · 15.03.2013 · 18:53 · 1 min
BRD Sogelease Financed RON388.8M Goods In 2012, Up 17% On Year
Banks-Insurance

BRD Sogelease Financed RON388.8M Goods In 2012, Up 17% On Year

BRD Sogelease, a unit of French group Societe Generale in Romania, financed 388.8 million lei (EUR87.25 million) goods in 2012, up 17% from a year before, according to a report of BRD-Groupe...

Manuela Panescu · 15.03.2013 · 18:16 · 1 min
Tarom Expects Loss Of RON186M In 2013
Automotive

Tarom Expects Loss Of RON186M In 2013

Romanian state-owned airline Tarom expects losses of 186 million lei (EUR42.3 million) this year, according to the company’s draft revenue and expenses budget for 2013.

Ioana Tudor · 15.03.2013 · 14:04 · 1 min
Fondul Proprietatea Loss Climbs To RON3.74M In February
Capital Market

Fondul Proprietatea Loss Climbs To RON3.74M In February

Romanian investment fund Fondul Proprietatea (FP.RO) Friday reported a loss of 3.74 million lei (EUR0.85 million) for February, almost three times higher on the month.

Ioana Tudor · 15.03.2013 · 11:39 · 1 min
VEKA Romania’s 2012 Sales Up 25% On Year To EUR15M
Companies

VEKA Romania’s 2012 Sales Up 25% On Year To EUR15M

VEKA Romania, a unit of German window PVC profile maker VEKA, registered 25% higher sales to EUR15 million on the year in 2012 and estimates a 10% to 12% sales growth in 2013.

Ecaterina Craciun · 14.03.2013 · 11:23 · 1 min