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Banks-Insurance

Eureko Asigurari’s Underwritten Premiums Up 1.6% In 2011, To RON42M

Romanian insurer Eureko Asigurari underwrote gross premiums of 42.04 million lei (EUR9.61 million) in 2011, up 1.6% on the year, and reduced losses by 70% to RON6 million, the company said i...

Ioana Tudor · 04.04.2012 · 16:53 · 1 min
ALB Romania Members Granted Loans Of EUR469M In 2011, Up 15.4% On Year
Banks-Insurance

ALB Romania Members Granted Loans Of EUR469M In 2011, Up 15.4% On Year

The members of financial association ALB Romania last year gave out loans of EUR469 million, up 15.4% compared with 2010, according to data presented in a press conference.

Radu Bostan · 04.04.2012 · 16:50 · 1 min
Romanian Leasing Market Up 20% In 2011, To EUR1.35B
Automotive

Romanian Leasing Market Up 20% In 2011, To EUR1.35B

The Romanian leasing market increased 20% last year to EUR1.35 billion, Antoaneta Curteanu, president of association of financial companies ALB Romania, said Wednesday.

Ioana Tudor · 04.04.2012 · 14:06 · 1 min
H&M Posts First Quarter Sales Worth SEK127M In Romania
Retail&Consumer

H&M Posts First Quarter Sales Worth SEK127M In Romania

Fashion retailer H&M posted sales of 127 million Swedish krona (some EUR14.3 million) in Romania between December 2011 and February 2012, the first quarter of fiscal year 2012, according to...

Andrei Cîrchelan · 29.03.2012 · 16:42 · 1 min
Raiffeisen Reports EUR94M Net Profit In Romania, Down 6.5% On Year
Banks-Insurance

Raiffeisen Reports EUR94M Net Profit In Romania, Down 6.5% On Year

Austrian group Raiffeisen Bank on Thursday reported in its financial results for 2011 a 6.5% year-on-year decline of its profit after tax in Romania, to EUR94 million, despite higher revenue...

Andrei Cîrchelan · 29.03.2012 · 15:18 · 1 min
Vienna Insurance Group 2011 Loss In Romania At EUR12.8M
Banks-Insurance

Vienna Insurance Group 2011 Loss In Romania At EUR12.8M

Vienna Insurance Group (VIG) posted loss of EUR12.8 million in Romania in 2011, due to a 4.8% decrease in underwritten gross premiums to EUR502.9 million triggered by the harsh economic situ...

Ecaterina Craciun · 29.03.2012 · 11:12 · 1 min
Carpatcement Posts Single-Digit Increase In 2011 Sales
Companies

Carpatcement Posts Single-Digit Increase In 2011 Sales

Carpatcement, the Romanian unit of German construction materials producer HeidelbergCement, posted a single-digit increase in sales last year, from EUR214 million in 2010.

Andrei Cîrchelan · 28.03.2012 · 15:58 · 1 min
UniCredit Group Posts 15% Drop In Romania Pretax Profit, To EUR42M
Banks-Insurance

UniCredit Group Posts 15% Drop In Romania Pretax Profit, To EUR42M

Italian UniCredit Group on Tuesday announced a 15.3% year-on-year drop in the pretax profit seen last year in Romania, to EUR42 million, from EUR49 million in 2010.

Andrei Cîrchelan · 27.03.2012 · 19:10 · 1 min
Agricover Posts 40% Hike In 2011 EBITDA, To RON44M
Companies

Agricover Posts 40% Hike In 2011 EBITDA, To RON44M

Romanian agribusiness group Agricover on Tuesday reported earnings before interest, taxes, depreciation and amortization (EBITDA) worth some 44 million lei (EUR10.4 million) for 2011, up 40%...

Andrei Cîrchelan · 27.03.2012 · 17:19 · 1 min