growth
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Romanian Cegeka Subsidiary Ends 2021 with 18% Growth in Revenue
The Romanian subsidiary of the European IT group Cegeka ended 2021 with growth of 18% in revenue and expects growth of 28% for 2021. It also plans to hire at least 200 people in Romania and...
Raiffeisen Bank Posts RON218M Profit in Q1
Raiffeisen Bank posted RON218 million net profit in the first quarter of 2022, an increase of 10% on the first quarter of 2021.
Softronic Craiova Expects 10% Rise in Revenue at Most in 2022
Craiova-based Softronic, the only manufacturer of electric multiple units and locomotives in Eastern Europe, ended the first quarter of 2022 with of growth of 52% on the year-ago period, the...
Agricover Group Posts 50% Growth in Revenue to RON1.7B in 2021
Agricover Group, the leader of the agribusiness market in Romania, ended 2021 with RON1.71 billion revenue, an increase of 50% year-on-year, as a result of an increase in market shares, it s...
Erste Group Revises Romania’s 2022 Economic Growth Forecast Downwards
Erste Group, which owns Romanian lender Banca Comerciala Romana, on Friday published a report on the economy of the Central and Eastern European countries, in which it revised its forecast f...
Govt Lowers Romania’s 2022 Economic Growth Forecast from 4.3% to 2.9%
Romania’s National Commission for Strategy and Prognosis (CNSP) has published the new economic growth forecast for 2022. The new economic growth the government expects is 2.9% instead of the...
ABN Systems International Ends 2021 with 68% Growth in Profit
ABN Systems International (ABN.RO), the owner of the Tellur brand, ended 2021 with RON108.7 million (EUR22 million) revenue, an increase of 16.2% on the previous year, while the net profit r...
Regina Maria Expects Private Healthcare Market to See Single-Digit Growth in 2022
Romania’s private healthcare market has been among the most dynamic fields in the past two pandemic years, but inflationary pressures are building and estimates point to a single-digit incre...
Poland’s LPP Hits EUR190M Turnover in Romania in 2021, Almost Double 2020 Level
LPP group, active in the mass market fashion field, in 2021 generated turnover of around EUR190 million in Romania, 83% higher than in 2020, in line with ZF calculations based on the company...