growth
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GroupM: Romania’s Advertising Market Likely to Grow by 7.4% in 2022
Romania’s advertising market is likely to expand by 7.4% in 2022, being further dominated by TV, which attracts 56% of investments, reveals an analysis by GroupM.
Dolo Trans Olimp Expects 30% Growth in 2022
Dolo Trans Olimp (DTO), controlled by entrepreneur Cristian Dolofan, ended last year with RON407.8 million (EUR84 million) revenue, up 7.5% on the previous year, public Finance Ministry webs...
Mobile Phone Wholesaler Gersim Posts RON40M Net Profit in 2021
Romania’s largest mobile phone and tablet wholesaler in Romania, Gersim Impex, posted almost RoN40 million net profit in 2021, 8% higher than in the previous year, Finance Ministry data show...
TBI Bank Ends Q1 with EUR10.2M Profit
TBI Bank, which has operations in Romania, Bulgaria, Germany and Lithuania, posted EUR10.2 million net profit in the first quarter of 2022, 40% higher than in the year-ago period.
Bayer Romania Expects Two-Digit Turnover Growth in 2022
German giant Bayer, one of the world’s biggest players in the chemical and pharma industry, which has seed production and fertilizer and plant protection product sales operations in Romania,...
IMF Improves Romania’s Growth Projection To 3.5%-4.5% For 2022 and 2023
The International Monetary Fund improved its economic growth prognosis for Romania to 3.5%-4.5% this year and next year.
Tire Maker Michelin Doubles Profit to RON29M in 2021
Michelin Romania, part of the French Michelin Group, one of the world's largest tire manufacturers, posted more than RON4.21 billion (EUR856.3 million) revenue in 2021, up 32.4% from the pre...
Erste Revises Romania’s 2022 GDP Growth Forecast Up To 5.1%
Erste Group, which owns Romanian lender Banca Comerciala Romana, on Thursday (June 9) revised upwards its forecast on Romania’s economic growth to 5.1% in 2022, from a previous projection of...
Life Insurer Aegon Romania Ends 2021 With RON153M Gross Written Premiums
Life insurance company Aegon Romania, part of international financial group Aegon, ended 2021 with gross written premiums of RON153.4 milion, an increase of 14.09% on 2020 and a 4.73% market...