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Romania Labor Ministry: Number Of Labor Contracts Suspended Drops By Over 300.000 In One Day

14 05 2020, hour 17:33

The latest data from Romanias Labor and Social Protection Ministry show that some 500.000 labor contracts have been suspended and over 350.000 labor contracts have been terminated until May 14, 2020.

Source: ZFENGLISH.COM

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Telekom Romania Consolidated Revenue Up 9.5% YoY To EUR237M In 1Q/2020

14 05 2020, hour 16:51

Telekom Romania posted consolidated revenues of EUR237.1 million in the first quarter of 2020, up 9.5% on the year, and its EBITDA adjusted after IFRS16 grew 31.5%, to EUR33.8 million, the company said in a statement Thursday.

Source: ZFENGLISH.COM

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Raiffeisen Bank Net Profit Falls 21% YoY To RON140M I 1Q/2020

14 05 2020, hour 15:45

Raiffeisen Bank reported a net profit of RON140 million in the first quarter of 2020, down 21% on the year, according to financial data presented in a video conference by Raiffeisen Bank Vice-President Mihail Ion.

Source: ZFENGLISH.COM

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Antitrust Body Clears FAN Courier To Acquire SLS Cargo

14 05 2020, hour 15:22

Romanias antitrust body on Thursday approved the deal whereby FAN Courier, the leading courier services company in Romania, is acquiring a majority stake in transportation and logistics firm SLS CARGO.

Source: ZFENGLISH.COM

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Conpet Ploiesti Turnover Up 7% To RON105M, Net Profit Up 12.8% To RON16M YoY In 1Q/2020

14 05 2020, hour 14:41

Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) ended the first quarter of 2020 with a turnover of RON105.71 million, up 7% on the year, and a net profit of RON16.3 million, up 12.8% on the year, as per its financial quarterly report.

Source: ZFENGLISH.COM

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Bucharest Stock Exchange Group"s Consolidated Net Profit Soars 54% YoY To RON4.21M In 1Q/2020

14 05 2020, hour 14:22

The Bucharest Stock Exchange (BVB) Group, which operates the Romanian capital market, on Thursday said its consolidated net profit soared 54% on the year to RON4.21 million in the first quarter of 2020, and its operating income grew 37% on the year to RON12.1 million, a growth impacted by all business segments of the Group.

Source: ZFENGLISH.COM

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Alro Group Consolidated Turnover Falls 7% To RON712M, Loss Widens To RON110M YoY In 1Q/2020

14 05 2020, hour 13:32

Alro Group, one of Europes largest vertically integrated aluminium producers, by production capacity, on Thursday said its consolidated turnover fell 7% on the year to RON712 million in January-March 2020, and its loss increased to RON110 million, compared with RON9 million in the first quarter of 2019.

Source: ZFENGLISH.COM

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Romania Posts Current Account Deficit Of EUR1.36B In January-March 2020

14 05 2020, hour 13:19

Romania"s current account balance posted a deficit EUR1.36 billion in January-March 2020, compared with a deficit of EUR1.12 billion in the same period in 2019, central bank data showed Thursday.

Source: ZFENGLISH.COM

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Sphera Group Posts RON9.5M Net Loss, 7.6% Lower Sales, Of RON198M, In 1Q/2020 Under COVID-19 Impact

14 05 2020, hour 12:06

Sphera Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands, reported a net loss of RON9.5 million (excluding the impact of adopting the IFRS 16) in the first quarter of 2020, compared with a profit of RON5.1 million reported in the same period in 2019.

Source: ZFENGLISH.COM

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Transgaz Net Profit Up 5% YoY To RON201M In 1Q/2020

14 05 2020, hour 11:33

Romania"s natural gas transmission company Transgaz (TGN.RO) ended the first quarter of 2020 with a net profit of RON201.8 million, up 5% on the year, as its operating revenue before the balancing and construction activity grew 8% to RON512 million, per the companys quarterly report.

Source: ZFENGLISH.COM

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