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Garanti Bank Switches To RON23M Losses In 1H/2016
Garanti Bank reported net losses of RON23 million in the first half of the year, versus RON50 million profit in the year-earlier period due to the absorbing of prudential requirements relate...
VIG’s Companies In Romania Underwrote 37.3% Higher Premiums In 1H/2016
The companies held in Romania by Austrian group Vienna Insurance Group (VIG) reported an increase of 37.3% in premiums underwritten in the first half of 2016, mainly due to the auto insuranc...
Optical Network 1H Turnover Up 28% To Over RON24M
Optical Network, operator of retail chain OPTIblu, reported a 28% higher turnover in the first half of 2016, to over RON24 million, as all divisions saw major increases, the company’s execut...
Doncafé Heading Towards RON300M Turnover
Strauss Romania, the producer of coffee brands Doncafe and Fort, reported 5.7% higher sales in the first six months of 2016, to over RON135 million.
Avicola Slobozia 1H Sales Down 7.8% To RON29.5M
Romanian poultry producer Avicola Slobozia (AVSL.RO) reported 7.8% lower sales in January-June 2016, at RON29.5 million, the company said in a statement.
Tarom Posts RON28M Losses In 1H/2016
Romanian state-owned airline Tarom reported losses of RON28.6 million in the first six months, eightfold higher from the estimated RON3.4 million, mainly due to technical issues which trigge...
Raiffeisen Romania Posts EUR38M Profit In 1H/2016
Raiffeisen Bank Romania, the fourth largest player in the local banking system, reported a net profit of EUR38 million in the first six months, down 27% compared with the year-earlier period...
SIF Transilvania Profit Down To RON23M In January-June
Romanian regional investment fund SIF Transilvania (SIF3.RO) reported a net profit of RON23.1 million in the first six months of the year, from RON44.4 million in the same period a year earl...
Hidroelectrica, Most Profitable Romanian Company In 1H/2016
Romania’s state-owned hydropower producer Hidroelectrica, which underwent a restructuring process during insolvency, became the most profitable local company by the gross profit margin poste...