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Oil Terminal, Turbomecanica See Highest Rises On Stock Exchange So Far This Year
Capital Market

Oil Terminal, Turbomecanica See Highest Rises On Stock Exchange So Far This Year

The shares of 47 companies of the 86 in the main section of the Bucharest Stock Exchange have seen rises since the beginning of the year and 21 of them even posted double digit growth, drivi...

Loredana Frățilă-Cristescu · 14.03.2017 · 00:00 · 1 min
Bucharest Stock Exchange’s BET Index Reaches Highest Level Since January 2008
Capital Market

Bucharest Stock Exchange’s BET Index Reaches Highest Level Since January 2008

The BET index, which tracks the ten most liquid shares on the Bucharest Stock Exchange, went over 8,000 points on Wednesday, driven by the significant rise of energy and utility stocks, alon...

Loredana Frățilă-Cristescu · 23.02.2017 · 00:00 · 1 min
Companies

Romania’s Airports Served 16.4 Million Passengers In 2016

Traffic on the 17 airports in Romania rose by more than 23% to 16.4 million passengers last year, according to the Romanian Airports Association data. Air traffic reached a record high and h...

Loredana Frățilă-Cristescu · 14.02.2017 · 00:00 · 1 min
Bucharest Stock Exchange’s BET Up 4% Since Start Of 2017
Capital Market

Bucharest Stock Exchange’s BET Up 4% Since Start Of 2017

The BET index, which tracks the ten most liquid shares on the Bucharest Stock Exchange, reached about 7,400 points on Thursday, up 4% on the beginning of the year, mostly influenced by the m...

Loredana Frățilă-Cristescu · 27.01.2017 · 10:00 · 1 min
Furniture Manufacturer Aramis Invest's Number Of Employees Up To 4,500 At The End Of 2016
Companies

Furniture Manufacturer Aramis Invest's Number Of Employees Up To 4,500 At The End Of 2016

Aramis Invest, the largest Romanian furniture manufacturer and exporter, had 4,500 employees at the end of last year, which means it hired several hundred in 2016, according to Labor Inspect...

Loredana Frățilă-Cristescu · 12.01.2017 · 00:00 · 1 min
Eximtur: Demand For Domestic Holiday Packages Up 55%
Companies

Eximtur: Demand For Domestic Holiday Packages Up 55%

Demand for vacations in Romania over the winter holidays from Romanian consumers is on the rise and the packages for spa towns such as Baile Felix are already sold out, says Lucia Morariu, s...

Loredana Frățilă-Cristescu · 17.10.2016 · 09:00 · 1 min
Retailers ‘Ate’ One Third Of Food VAT Cut From 24% To 9%
Retail&Consumer

Retailers ‘Ate’ One Third Of Food VAT Cut From 24% To 9%

Prices of food and non-alcoholic beverages rose by about 3.6% in the online stores of Carrefour and Cora in the first year of 9% VAT, which means about one third of the about 13% drop in pri...

Loredana Frățilă-Cristescu · 02.06.2016 · 09:41 · 1 min
Samsung Romania Sales Up 19% In 2015
Technology &Telecoms

Samsung Romania Sales Up 19% In 2015

The local subsidiary of South Korea’s Samsung, which accounted for almost half the smartphone and TV set sales in Romania last year, posted growth of 19% in revenue to 3.3 billion (EUR734 mi...

Loredana Frățilă-Cristescu · 13.05.2016 · 00:00 · 1 min
Raiffeisen Sees EUR28M Profit In Q1
Banks-Insurance

Raiffeisen Sees EUR28M Profit In Q1

Raiffeisen Bank International’s Romanian operations generated EUR28 million profit in the first quarter, an increase of 12% on the same quarter last year, after provision costs halved, the q...

Loredana Frățilă-Cristescu · 12.05.2016 · 09:00 · 1 min