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Capital Market

Fondul Proprietatea Posts RON543M Net Profit In 1H

Investment fund Fondul Proprietatea (FP.RO) posted a net profit of 543.1 million lei (EUR) in the first half of the year, compared to RON217.5 million, the bulk of earnings coming from divid...

Andrei Cîrchelan · 15.07.2011 · 19:07 · 1 min
Retail&Consumer

Eximtur 1H Sales Up 20% On Year To RON74M

Romania’s second largest tourism agency Eximtur Cluj Thursday reported a 20% increase in its first half sales to 74 million lei (EUR17.6 million), mainly boosted by higher outgoing revenue.

Florentina Dragu · 14.07.2011 · 19:14 · 1 min
Social/Politics

Over 94% Of Financial Guard Employees Passed Evaluation

The results of the Romanian Financial Guard's employee evaluation show that, out of 740 registered candidates, 42 have failed the exam and will be laid off.

Radu Bostan · 13.07.2011 · 17:30 · 1 min
Transelectrica Swings To RON10M Profit In 1H
Energy

Transelectrica Swings To RON10M Profit In 1H

Romanian state-run power grid operator Transelectrica (TEL.RO) Wednesday said it has switched to net profit of 9.94 million lei (EUR2.32 million) in the first half of 2011, from a loss of RO...

Florentina Dragu · 13.07.2011 · 16:27 · 1 min
Carrefour Romania Posts 3.9% Rise In First Half Sales, To EUR555M
Retail&Consumer

Carrefour Romania Posts 3.9% Rise In First Half Sales, To EUR555M

Retailer Carrefour Romania posted first-half sales of EUR555 million, up 3.9% on the year, with greater growth seen in the second quarter, the French parent group said Wednesday in a news re...

Andrei Cîrchelan · 13.07.2011 · 10:57 · 1 min
Banks-Insurance

EximBank 1H Pretax Profit Rises 80% To RON45M

Romania’s state-run lender EximBank Monday said its pretax profit rose 80% to around 45 million lei (EUR10 million) in the first half of the year, fueled by improved performance and lower co...

Florentina Dragu · 11.07.2011 · 14:30 · 1 min
Capital Market

TMK-Artrom Slatina Borrows EUR20M For Working Capital From VTB Bank Austria

Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, Thursday said it will borrow EUR20 million from VTB Bank Austria to finance working capital and repay some...

Florentina Dragu · 07.07.2011 · 17:40 · 1 min
Banks-Insurance

Provident Financial Romania Issued Loans Worth EUR200M In Five Years

Consumer lender Provident Financial on Tuesday said it has issued loans worth over EUR200 million in its five years of activity in Romania, serving more than 400,000 clients.

Andrei Cîrchelan · 05.07.2011 · 16:37 · 1 min
BNR's Net Profit Fell To RON1.4 Billion In 2010
Banks-Insurance

BNR's Net Profit Fell To RON1.4 Billion In 2010

Romania’s central bank BNR posted a net profit of 1.41 billion lei (EUR334 million) in 2010, compared to RON4.6 billion in 2009, on lower interest revenue, according to the bank’s annual rep...

Andrei Cîrchelan · 04.07.2011 · 17:39 · 1 min