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Capital Market

SIF Oltenia Eyes Higher Profit In 2012

Romanian regional investment fund SIF Oltenia (SIF5.RO) Tuesday estimated its net profit will rise 4% to around 87 million lei (EUR20 million) in 2012, from RON83.4 million a year earlier.

Florentina Dragu · 26.03.2012 · 20:30 · 1 min
Transelectrica Expects Profit To Fall 55.6% On Year In 2012
Energy

Transelectrica Expects Profit To Fall 55.6% On Year In 2012

Romanian state-run power grid operator Transelectrica (TEL.RO) estimates its net profit will fall 55.6% to 40 million lei (EUR9.1 million) in 2012, from RON90.2 million a year earlier.

Florentina Dragu · 26.03.2012 · 20:18 · 1 min
Energy

OMV Petrom Eyes RON3.78B Net Profit In 2012

Romanian leading oil company OMV Petrom (SNP.RO) Tuesday estimated its net profit will rise to a new record high of 3.784 billion lei (EUR867.8 million) in 2012, despite slightly lower sales...

Florentina Dragu · 26.03.2012 · 20:05 · 1 min
Capital Market

SIF Transilvania Sees Profit Falling To RON89M In 2012

Romanian regional investment fund SIF Transilvania (SIF3.RO) estimates its net profit will fall to 89 million lei (EUR20.3 million) in 2012, from a record RON207.7 million a year earlier, ac...

Florentina Dragu · 26.03.2012 · 13:06 · 1 min
Analysts: Romania’s Economy To Shrink In 1Q, Recovery Expected In 2Q
Macroeconomics

Analysts: Romania’s Economy To Shrink In 1Q, Recovery Expected In 2Q

Financial analysts and stock brokers believe Romania’s economy will contract in the first quarter of the year, as Europe faces an economic slowdown and the bad weather last month took a toll...

Andrei Cîrchelan · 09.03.2012 · 18:38 · 2 min
Banks-Insurance

Romanian Insurance Market Seen Stagnating Or Growing Slightly This Year

Romania’s insurance market will stagnate or register a slight growth this year, as it is still coping with the effects of the financial crisis of the past three years, Mariana Diaconescu, CE...

Oana Gavrila · 30.01.2012 · 12:02 · 2 min
One Million Tons Of Corn Slip Through the Cracks. Traders Contradict Statistics Institute
Social/Politics

One Million Tons Of Corn Slip Through the Cracks. Traders Contradict Statistics Institute

Romania’s grain output is estimated at 11.4 million tons, up 27% on last year, according to the data of Cocereal, an European organization of grain traders. The traders’ estimate is one mill...

Gabriel Razi · 21.12.2011 · 16:10 · 2 min
Bankers See August Loan Sales Down Four-Fold
Banks-Insurance

Bankers See August Loan Sales Down Four-Fold

Banks had a harder time finding clients to whom to lend money in the last summer month, so that the volume of loans to individuals and companies rose by just EUR140 million in August, four t...

Oana Gavrila · 26.09.2011 · 00:00 · 1 min