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Rompetrol Well Services, the well services division of Rompetrol, said its 2009 net profit fell 43% from a year earlier to 13.66 million lei, on 34% lower revenues.
French-based car manufacturer Renault moved to a €3.07 billion loss in 2009, and revenues of €33.7 billion, the company said in a release.
Terra-cotta tile manufacturer PVC Teraplast Bistrita (BSE:TRP) said in a BSE filing that its net profit fell 41% in 2009 to 11.42 million lei (€2.7 million), after an underlying profit of 19.3...
Altex has retained its status as the leading electronics retailer in 2009, with revenues of €180 million, in line with last year forecasts, according to Dan Ostahie, owner of the company.
Mercury Research, Romania’s leading full-service market research agency, has named Mircea Kivu as the new chief operating officer, with effect from February 1, 2010.
Stocks at the Bucharest Stock Exchange suffered a mild fall on Thursday, with the five FIC (BSE:SIF) gauge BET-FI closing 0.90% lower, on a liquidity propped up by state security trades that...
Romania cannot post a solid economic growth and on long-term without a significant increase of exports, said the Public Finance Minister, Sebastian Vladescu.
Romania's central lender BNR posted a reference exchange rate of 4.1287 lei per euro, 0.22 percent up from the previous session, as the national currency declined in the first part of the day.
ING Bank Romania, the local unit of Dutch group ING Bank, reported a gross profit of 84 million lei last year, 20 percent down from the previous, on higher risk provisions, the group announced.
The rental levels for the Bucharest’s main shopping streets, Calea Victoriei and Magheru, dropped 46.2% and 42.3% respectively in the past year, to €70-75/sqm/month, according to the...
Hostway Romania, the local subsidiary of one of the world’s largest providers of domain name registration, web hosting, colocation and hosting, will provide hosting services to eMag,...
The Tengelmann Group has decided to sell its Plus Eastern Europe GmbH subsidiaries in Bulgaria and Romania. Financial details of the deal haven’t been disclosed.
One of the world’s leading department store groups with over 200-year tradition in the fashion industry, Debenhams, has agreed to award franchise rights to RTC group for 11 countries in...
The leu opened higher today, to 4.1220 against euro, but wiped out the early gains at noon, when it fell to 4.13, in line with its peers in the region.
The information technology sector in Romania will grow at a ten times faster rate than Gross Domestic Product, with 5-10% advance year-on-year, said the chief executive of Microsoft Romania, Calin...
Stocks at the Bucharest trading posted strong gains today, with the index of the ten most actively traded stocks (BET) finishing 2% higher, while liquidity was once again buoyed by state securities...
UPC Romania, the second largest cable company in Romania, has appointed Dragos Militaru as chief commercial officer, who held various management positions in Coca-Cola HBC and The Coca-Cola Company.
Alpha Bank’s risk-adjusted capital ratio topped banking sector average, after the earlier 288.37 million lei (around €70 million) cash inflow from its parent group, Stere Farmache, vice...
The biggest online retailer, eMag, said Tuesday that its revenues fell 12% in 2009 to €64 million.
The construction works for the Cernavoda nuclear power plant units 3 and 4 will start next year, according to Dan Ionescu, chief executive of EnergoNuclear, the company responsible for the...
The Competition Council opened an investigation into the acquisition of electronic communication networks of S.C NewCom Telecomunicatii S.A by S.C. NextGen Communications S.R.L, to determine...
The national currency opened session on a positive note today, rising to 4.1120 lei against euro, but lost steam in mid day trading and harked back to morning rates, in line with its peers in the...
Nestor Nestor Diculescu Kingston Petersen (NNDKP), one of the largest law firms in Romania, founded 20 years ago by Ion and Manuela Nestor, is the only legal adviser in Romania ranked at the top in...
Stocks at the Bucharest Stock Exchange made a tentatively steady start to trade on Tuesday, with the index of the ten most actively traded stocks (BET) posting modest gains, while composite BET-C...
Nearly 70% of the employers in Romania gave pay raises last year, compared to only 60% of the companies in the finance sector, according to a survey carried out by PricewaterhouseCoopers (PwC). The...
The Minister of Regional Development and Tourism, Elena Udrea said it would propose to the Government a €1 billion investment program in county roads maintenance that involves the resurfacing...
Fitch has revised downwards the ratings of National Bank of Greece (NBG), Alpha Bank, EFG Eurobank and Piraeus Bank, due to anticipated fiscal adjustments in Greece will affect to a even larger...
Wim Vermeulen, Director of Innovation at Ogilvy Group, Central and Eastern Europe, said 2010 is shaping up to be a huge year for mobile web, when it may reach its axis point upon the entry of...
Many consumer-goods companies have handled online campaigns as a “one-night stand” so far, leaving irrelevant projects online that failed to drum up any consumer interest, said Grant...
The third edition of consumer research released by Gemius and Evensys - Online Leading Brands reveals Dacia has the best online presence in Romania, with 30% of the votes.
The International Monetary Fund (IMF) has already agreed on two quarterly budget gap targets for Romania, in a broad effort to contain the 2010 deficit within the 5.9% target range, from 7.2% in 2009.
Pro TV broadcaster, member of Central European Media Enterprises (CME) said its 2009 revenues dropped from $274.6 million in 2008 to $ 176.5 million.
Erste Group expects the oil and gas company OMV Petrom (ticker: OMV) to report a net profit of 1.44 billion lei (€340 million) for 2009, 41% growth from 2008, the bank said in a research report.
The National Bank of Romania set a reference rate Wednesday of 4.1269 lei/euro, up 0.11% from yesterday, after trading in a thin range below 4.13 lei/euro barrier.
Stocks at the Bucharest Stock Exchange ended mixed Wednesday, with a slight decline of composite index, while financial investment companies sector closed up 0.4%, in a liquidity popped up by bond...
The oil and gas company OMV Petrom said in its preliminary report filed to Bucharest Stock Exchange its net profit jumped 33% from 1.02 billion lei in 2008 to 1.36 billion lei (€321 million)...
Fitch Ratings has revised yesterday the long-term issuer default ratings of Banca Romaneasca and Bancpost, a day after lowering ratings of their parent banks, National Bank of Greece and EFG Eurobank.
Orange, the largest mobile telecom operator in Romania, reported a 19.5% decline in revenues in 2009 from €1.31 billion in 2008.
Nouriel Roubini, the person who accurately predicted the extent of the global financial crisis will attend the seventh edition of the Central & South-East European financial forum at the...
The representatives of City Mall denied rumors that investment fund APN/UKA had arranged to sell the property last year, claiming that APN was constantly revising its portfolio to identify...