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Pillar II Pension Fund Assets Reach All-Time High of RON84B in June
The seven Pillar II mandatory private pension funds, which are the largest investors on the Bucharest Stock Exchange, ended June 2021 with record assets of RON84.4 billion, an increase of RO...
Apartment Prices Continue to Rise in Bucharest
Apartment prices went up in five districts in Bucharest in June compared with the previous month, and down in only two districts, as the market headed towards an 11-year peak.
Small Entrepreneurs Opened 20 Craft Breweries in Romania in 2020
The number of microbreweries in Romania is headed towards 100, after 20 such businesses opened in 2020 and despite the difficult market for small businesses, only three closed.
Car Battery Maker Rombat Bistrita Profit Up 31% in 2020
Car battery manufacturer Rombat Bistrita posted RON395.2 million (EUR82 million) revenue in 2020, down about 1% compared with 2019, ZF has calculated from Finance Ministry data.
Lenders in Romania See Profit Rise 15% in Q1
The net profit of Romania’s banking system reached about RON1.89 billion at the end of the first quarter of 2021, 15% higher than in the year-ago period, while assets rose to a peak of RON57...
Rompetrol Rafinare Expects 25% Rise in Exports in 2021
The largest refinery in Romania, Rompetrol Rafinare, part of the Kazakhstan-based KMG International group expects an improvement of its results this year with the return of demand for oil pr...
New Corporate Loans in Lei See Second Monthly Peak in 14 Years in March
Banks in Romania granted RON4.6 billion worth of new leu loans to companies in March, an increase of RON2.1 billion or 84% on the year-ago month.
Duvenbeck Logistik Sees Seven-Fold Rise in Profit in Romania in 2020
Duvenbeck Logistik, one of the largest transport and logistics companies in Romania, ended 2020 with RON326.1 million (EUR67.6 million) revenue, 19% lower than in 2019, when it posted about...
Builder Viarom Revenue Rises 31% to RON173M in 2020
Construction company Viarom posted an increase of 31% in revenue to RON173 million in 2020, Finance Ministry data show.