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Romanian IT Integrator Novensys Sales Up 40% In 2011, To EUR28M
Romanian IT solutions integrator Novensys posted turnover of EUR28 million in 2011, up 40% compared with the previous year, the company announced.
Petrom Sees RON404M Hedging Loss In 2011
Romanian oil and gas group OMV Petrom (SNP.RO) on Wednesday said it recorded a loss of 404 million lei (EUR95.3 million) from hedging in 2011, compared to just RON6 million in the previous y...
CME Revenues Up 17%, To $864.8M In 2011
U.S. media group Central European Media Enterprises (CME), which owns Pro TV in Romania, posted 17% higher revenue at $864.8 million for 2011, while its operating income before depreciation...
Orange Romania Revenues Slightly Down In 2011 To EUR937M
Telecom operator Orange Romania’s revenues dropped 3.6% last year to EUR937 million, while its number of clients climbed 78,000 in the last quarter of 2011 to 10.262 million, according to da...
OMV Petrom 2011 Net Profit Jumps 72% To RON3.76B
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit rose 72% to a record 3.76 billion lei (EUR887 million) in 2011, fueled by higher crude oil prices and lower cos...
Bank Of Cyprus 2011 Profit In Romania Down 34% To EUR6M
Bank of Cyprus Tuesday reported a 34% drop in its after-tax profit in Romania to EUR5.9 million in 2011, hit by lower revenue from interests, according to the lender’s financial report.
KIWI Finance Swings To Profit In 2011, Sales Jump 140%
Romanian lending broker KIWI Finance on Tuesday announced that it has switched to profit in 2011, after three consecutive years of loss, while turnover jumped 140% to 6 million lei (EUR1.38...
Lufthansa Group Flew Over 1 Million Passengers In Romania In 2011
German airline Lufthansa and its partners, Austrian Airlines and Swiss, last year carried over 1.1 million passengers from and to Romania, 15% more than in 2010, and will introduce 32 new we...
Petrom Expected To Announce Record Profit. Shares Gained 30% Since Start Of The Year
The largest company in Romania is expected to report a net profit ranging between EUR830 to EUR900 million on Wednesday, the largest ever made in the Eastern European country.