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Arabesque Sees Revenue Up To Over EUR373M In 2017
Romanian building materials distributor Arabesque, based in Galati (SE Romania) and held by Cezar Rapotan, posted growth of 5% in revenue to EUR373.5 million in 2017, according to Finance Mi...
Samsung Close To EUR1B Revenue In Romania Last Year
The Romanian subsidiary of South-Korea’s Samsung, the leader of the local smartphone and TV set market, saw its revenue increase at a faster rate last year than in the previous year, which p...
Furniture Maker Aramis Revenue Overshoots RON1B Mark In 2017
Aramis Baia Mare, the largest furniture manufacturer and exporter in Romania, posted more than 1 billion lei revenue (EUR215 million) in 2017, 20% higher than in the previous year, following...
Daimler’s Star Assembly Plant In Sebes Sees Revenue Up Five-Fold In 2017
Star Assembly, based in Sebes (central Romania), which manufactures the 9G-Tronic automated transmissions used in Mercedes-Benz cars, posted 7.3 billion lei (EUR1.6 billion) revenue in 2017,...
Lidl Sales Up 17% In 2017
German-held discount store chain Lidl, the third leading retailer in Romania by sales value, posted growth of 17% in revenue to 6.51 billion lei (EUR1.4 billion) in 2017, while profit rose t...
Banks Step Up Mortgage Lending
Banks have increased their stock of mortgage loans by almost 35% in the past year, which drove the home-buying loans to 42 billion lei (EUR9 billion) at the end of April 2018.
Lenders’ Interest Income Sees Double-Digit Growth In Q1
Romania’s banking system reaped the rewards of the rise in inflation and interbank rates in the first quarter, so all major players posted significant growth of 8% to 22% of the net interest...
Romaqua Group Posts RON725M Revenue In 2017
Romaqua Group, the leader of the local natural mineral water market and one of the largest actors on the beer and soft drinks markets, posted 725 million lei (some EUR159 million) revenue in...
Oracle Overshoots RON1B Revenue Mark In 2017
The local subsidiary of US Oracle, one of the largest global suppliers of software and IT equipment, as well as providers of IT services, joined the club of companies with more than 1 billio...