Romania Feed
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ZF English - 07:27 May 10, 2021
German-held discount retailer Lidl has climbed to the fifth place among importers in Romania in 2020, one place higher than in 2019. This is its highest position in the rankings since arriving on this market, after having spent 2017-2019 on the sixth place, National Statistics Institute data show. -
ZF English - 07:23 May 10, 2021
Romania's trade balance posted a deficit of EUR5.3 billion in January-March 2021, higher by EUR863 million compared with the first three months of 2020, data from the country's statistics board showed Monday. -
ZF English - 06:41 May 10, 2021
The cosmetics market went down 13% in Romania during the pandemic and net sales dropped to less than RON4 billion. The pandemic interrupted a good time for perfume, makeup and care product sales, which are lower per capita than in other countries anyway, so there is still room for development. -
ZF English - 16:23 May 07, 2021
Romanian state-owned natural gas producer Romgaz (SNG.RO) said in a stock market report Friday that its shareholders approved on May 7, 2021 the company’s individual and consolidated budget of revenue and expenditure for 2021. -
ZF English - 15:58 May 07, 2021
The Board of Directors of Romanian state-owned energy utility group Electrica (EL.RO) has extended the mandate of Cristian Bosoanca as Chairman of the Board starting May 6 until December 31, 2021. -
ZF English - 15:34 May 07, 2021
OTP Bank Romania, the local subsidiary of the largest banking group in Hungary, reported a consolidated profit after tax of RON7 million in the first quarter of 2021, versus a loss of RON11 million in the same period of 2020, as a result of increasing risk costs by RON48 million amid the COVID-19 pandemic. -
ZF English - 14:49 May 07, 2021
The seven private pension funds operating on the mandatory segment in Romania (Pillar II) had assets of RON81.4 billion at the end of April 2021, RON1.2 billion higher than a month ago and RON6.3 billion higher compared with the beginning of 2021, financial regulator (ASF) data showed Friday. -
ZF English - 10:40 May 07, 2021
CEO Vodafone Albania, has been appointed Vodafone Romania’s CEO, effective July 1, 2021, and will report to Serpil Timuray, CEO Europe Cluster, the company announced Friday. -
ZF English - 10:27 May 07, 2021
Retail fuel sales of MOL Romania, the local division of Hungarian oil and gas group MOL, grew in the first quarter of the year, the company said Friday. -
ZF English - 09:04 May 07, 2021
Transport Trade Services (TTS), the biggest freight transporter on the Danube, announced Friday it was launching an IPO at the end of May for 50% of its share capital. -
ZF English - 08:01 May 07, 2021
An International Monetary Fund team headed by Jan Kees Martijn, IMF mission chief for Romania, will visit Bucharest virtually between May 10 and May 28, 2021 to undertake the annual review of the Romanian economy, known as the Article IV consultation. -
ZF English - 07:37 May 07, 2021
Lender Raiffeisen Bank, the local division of Austria’s Raiffeisen Bank Group, reported a a net profit of RON198 million in the first quarter of 2021, 41% higher compared with the same period last year. -
ZF English - 07:23 May 07, 2021
Prutul, one of the largest producers of vegetable oil in Romania, based in Galati, made almost RON16 million net profit in 2020, three times higher than in 2019, financial analysis platform Confidas.ro data show. -
ZF English - 07:07 May 07, 2021
Construction company Viarom posted an increase of 31% in revenue to RON173 million in 2020, Finance Ministry data show. -
ZF English - 06:28 May 07, 2021
The development of the second wave of renewable energy projects is facing a major hurdle, the incapacity of the national energy system to integrate new investments. -
ZF English - 16:12 May 06, 2021
Evergent Investments (EVER.RO) said in a stock market report on Thursday that its managers approved the “Stock Option Plan”, as part of the “Benefits Plan for 2020”. -
ZF English - 15:45 May 06, 2021
Romanian nuclear power plant operator Nuclearelectrica (SNN.RO) on Thursday said it would disconnect Unit 2 at the power plant in Cernavoda from the national grid starting May 9, 2021 for a planned outage program. -
ZF English - 14:24 May 06, 2021
Shareholders of Romania's nuclear power producer Nuclearelectrica (SNN.RO), which operates the country's sole nuclear power plant, on Thursday approved, among others, the company’s budget of revenue and expenditure for 2021. -
ZF English - 13:10 May 06, 2021
Synevo, the medical laboratory division of Swedish-held private medical service provider Medicover, has increased the number of Covid-19 testing centers by 25% in 2021. -
ZF English - 12:54 May 06, 2021
Romanian company Supercom, which operates on the public sanitation services and waste management market, has accessed a financing of RON70 million from EximBank, which covers the liquidity need for its current operations and sustains the company’s development plans through investment and guarantee loan.