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Fleet Management Services 2013 Turnover Up 13% On Year To EUR4M
Automotive

Fleet Management Services 2013 Turnover Up 13% On Year To EUR4M

Operating leasing and car fleet management company Fleet Management Services (FMS) registered a 13% increase in turnover on the year to EUR4 million in 2013, backed by the operating leasing...

Ecaterina Craciun · 13.02.2014 · 13:03 · 1 min
Proprietatea Fund’s Net Asset Falls To RON14.9B In January
Capital Market

Proprietatea Fund’s Net Asset Falls To RON14.9B In January

Romanian investment fund Fondul Proprietatea Thursday said its net assets fell to 14.89 billion lei (EUR3.1 billion) in January, from a little over RON15 billion in the previous month.

Florentina Dragu · 13.02.2014 · 10:26 · 1 min
Banca Transilvania 2013 Net Profit Rises To RON375M
Banks-Insurance

Banca Transilvania 2013 Net Profit Rises To RON375M

Romanian lender Banca Transilvania (TLV.RO) Thursday said its net profit rose 17% to 374.9 million lei (EUR83.7 million) in 2013, on higher revenue from lending.

Florentina Dragu · 13.02.2014 · 09:33 · 1 min
Conpet 2013 Profit Up 21.1% To RON37.3 Million
Energy

Conpet 2013 Profit Up 21.1% To RON37.3 Million

Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) reported last year a 21.1% higher profit, at 37.3 million lei (EUR8.4 million), according to the company’s preliminary results.

Gabriela Stan · 12.02.2014 · 11:59 · 1 min
BRD Posts Loss Of RON385M in 2013
Banks-Insurance

BRD Posts Loss Of RON385M in 2013

Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) Wednesday reported a loss of 385 million lei (EUR86 million) for 2013, mainly due to a rise in provisioning costs, while th...

Bogdan Neagu · 12.02.2014 · 10:35 · 2 min
Erste: BCR Performed As Expected In 2013
Banks-Insurance

Erste: BCR Performed As Expected In 2013

Austria’s Erste Group Bank AG (EBS.RO) on Tuesday said its net profit fell eight-fold on the year to EUR60 million, hit by goodwill write-down, but noted its Romanian unit BCR performed as e...

Florentina Dragu · 11.02.2014 · 18:12 · 1 min
Garanti Group Romania Swings To Net Profit Of EUR27M In 2013
Banks-Insurance

Garanti Group Romania Swings To Net Profit Of EUR27M In 2013

Garanti Group Romania, a subsidiary of Turkey’s second largest bank Garanti Bankasi, Tuesday reported a consolidated net profit of EUR27 million in 2013, versus losses a year earlier, as its...

Florentina Dragu · 11.02.2014 · 15:51 · 1 min
Vae Apcarom Net Profit Falls 16% On Year In 2013
Automotive

Vae Apcarom Net Profit Falls 16% On Year In 2013

Romanian rolling stock maker voestalpine VAE APCAROM (APC.RO), owned by Austria's voestalpine, Thursday said its net profit fell 16% on the year to 4.45 million lei (EUR0.99 million) in 2013...

Florentina Dragu · 11.02.2014 · 12:40 · 1 min
Capital Market

Bucharest Bourse 2013 Net Profit Up 10.9% To RON10 Million

The Bucharest Stock Exchange (BVB.RO) reported a preliminary net profit of 10 million lei (EUR2.1 million) in 2013, up 10.9% from RON9 million in the previous year, the market operator said...

Gabriela Stan · 11.02.2014 · 11:00 · 1 min