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Romanian state-owned power producer Hidroelectrica, the most profitable state-run company in Romania, ended the first nine months of 2020 with a turnover of RON2.8 billion, down 16% on the year, and a net profit of RON1.26 billion, down 4%.
Telecom operator Vodafone Romania on Monday reported total services revenue of EUR195.1 million for the third quarter of 2020, down 2.3% compared with the same period last year.
MedLife (M.RO), the leader of the private medical services market in Romania, summoned shareholders for Dec 15 to approve raising the company's share capital from RON5.5 million to around RON33 million by incorporating reserves and issuing new shares.
Romanians bought 614 million packs of medicines in the period October 2019 - September 2020, down 2.1% on the year, Cegedim's Pharma & Hospital Report showed Monday.
TeraPlast Group (TRP.RO), the largest Romanian construction materials manufacturer, will build a new factory within the TeraPlast Industrial Park in Saratel, Bistrita-Nasaud county, a project totaling EUR9.8 million.
iHunt Ploiesti (HUNT.RO), a supplier and manufacturer of cell phones and gadgets posted 3.9 milion lei net profit in the first nine months of 2020, compared with a RON102,704 loss in the year-ago period.
Helbako Electronica, the local subsidiary of Germany’s Helbako GmBH, posted 87.9 million lei (EUR18.6 million) revenue, an increase of 88% on the previous year, according to ZF’s calculations based on Finance Ministry data.
Kaufland Romania, the local division of German retailer Kaufland, said Monday it will grant bonuses to employees totaling EUR1 million.
Annabella is the most powerful entrepreneurial business in grocery retail in Romania, having posted 317.5 million lei sales last year, an increase of 8% on the previous year.
Winemaker Purcari Wineries (WINE.RO) reported revenues of RON53.4 million for the third quarter, up 5% on the year, and a net profit of RON10 million, down 18%.
Rompetrol Rafinare (RRC.RO), part of KMG International and 44.6% owned by the Romanian state, on Friday reported a net loss of $156.2 million for the first nine months of 2020, compared with a net loss of $26.9 million in the same period last year.
Individual investors bought RON500 million worth of Fidelis government bonds for the general population in the first week of the offer running until November 27, brokers' data showed.
Romanian state-owned power grid operator Transelectrica (TEL.RO) on Friday reported a net profit of RON152 million for the first nine months of 2020, double compared with the same period last year.
Romania's current account balance posted a deficit of EUR7.737 billion in January-September, compared with a deficit of EUR7.942 billion in the same period in 2019, central bank data showed Friday.
Romania's natural gas transmission company Transgaz (TGN.RO) ended the first nine months of 2020 with a net profit of RON224.7 million, down 9% on the year, per its quarterly report released Friday.
Romanian state-owned energy utility group Electrica (EL.RO) on Friday reported a net profit of RON396 million in the first nine months of 2020, up 146% from the year-earlier period.
Romania's central bank lowered its inflation forecast to 2.1% for the end of 2020 from a previous projection of 2.7%, while keeping the 2021 projection at 2.5%, according to the November Inflation Report released Friday.
Analysts expect Romania's economy recovering slower and more gradually after Friday's flash GDP data which showed a 6% annual contraction in the third quarter, worse than the -4.4% market expectation.
Romania’s Competition Council on Friday said it approved a transaction whereby regional investment fund SIF Banat-Crisana (SIF1.RO) had acquired Doosan IMGB SA.
Alro Group (ALR.RO), one of Europe’s largest vertically integrated aluminium producers, reported a turnover of RON1.9 billion in January-September 2020, down 10% on the year, and a net profit of RON273 million, compared with a loss of RON23 million in the same period of 2019.19015 items