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Cosmote, RCS&RDS - Only Telecoms To Post Revenue Growth In 2011
Cosmote and RCS&RDS are the only large telecoms whose revenue increased last year, while Orange remained the highest profit maker in 2011, according to the data ZF got from the Trade Registr...
Euroins Romania's 1Q Premiums Double To RON114M
Euroins Romania on Thursday reported underwritten premiums of 114.14 million lei (EUR25.57 million) in the first three months of the year, up 108% compared with the first quarter of 2011.
H&M Sales In Romania Triple To EUR32.6M In Dec-May
Swedish apparel retailer Hennes & Mauritz (H&M) Wednesday said its sales in Romania almost tripled in the six months ended May 31, to SEK288 million (EUR32.6 million), from SEK103 million (E...
Smart SA Expects Profit To Remain Flat On Year In 2012
Smart SA, the infrastructure maintenance unit of Romanian state-owned power grid operator Transelectrica, plans to keep turnover and profit at the values reported last year, 185 million lei...
High Car Insurance Claims Drive Omniasig To EUR41M Loss
Omniasig, a company controlled by Vienna Insurance Group (VIG), posted a loss of 181 million lei (EUR41 million) last year because of the surge in car policy claims. 2011 was the first year...
Sorin Oprescu Reelected Mayor Of Bucharest – Official
Sorin Oprescu has been reelected Mayor of Bucharest, with 54.79% of the votes cast Sunday, while the runner-up, PDL deputy Silviu Prigoana, got 17.12% of the ballot, according to the final r...
Number Of Landline Subscribers In Romania Up 4% In 2011 To 4.04Mln
The number of landlines and landline subscribers in Romania rose 4% to 4.69 million and 4.04 million, respectively, in 2011, telecom regulator ANCOM said in a press release Wednesday.
Catarama, Elvila: Stores Countrywide See Declines, We Compensate With Exports
Elvila, one of the largest players in the Romanian furniture industry, recorded a 10% growth in turnover in the first five months of this year compared with the similar period of 2011.
Unirea Shopping Center 1Q Profit Falls 73% To RON809,000
Romania’s Unirea Shopping Center (SCDM.RO) ended the first quarter of 2012 with sales of 20.46 million lei (EUR4.7 million), up 11.8% on the year, and profit of RON809,000, down 73.7%.