profit

In 2018, economic activity in the CEE region continued its solid expansion that started in 2017. This was especially the case for Poland, Hungary and Latvia, recording GDP growth rates close to 5%. Other countries experienced a weaker pace…

Garanti Group Romania, which brings together Garanti Bank, Garanti Leasing and Garanti Consumer Finance, registered, in the first six months of 2019, its best performing semester in Romania, thanks to effective loan portfolio management and…

Erste Group has posted a solid half-year profit of EUR 732 million, driven by highest operating result in five years, a press release informs. Financial results from January-June 2019 are compared with those from January-June 2018 and…

"We see an increase in external imbalance on the background of domestic absorption beyond the economy’s potential. The over demand for consumer goods has continued to erode the current account. We see robust economic growth in mitigation…

Zentiva Romania has increased its production capacity by 12.5% at the factory in Bucharest last year, delivering over 100 million commercial units, a press release of the company announced. In 2018, the company reported a turnover of RON…

Euler Hermes accomplished very strong results in 2018, with revenues rising 7% to EUR 2,705 million and volume-driven growth spread across most regions. Operating profit increased by 17% to EUR 431 million, due to a combination of…

Almost seven out of ten employers say they have had lower profits and turnover due to lack of employees, according to a survey released on Tuesday by the BestJobs platform. The crisis of specialists and the labour shortage on the market…

On February 22nd, Bittnet (BNET) has published the Group’s preliminary financial results for fiscal year 2018. The economic cycle and the capital markets were favorable to Bittnet as the Group has registered consolidated revenues of RON 54…

Romanian minister for Business Environment, Commerce and Entrepreneurship, Ştefan-Radu Oprea, has stated that among the reasons Nestle has announced it will shut down the factory in Romania are the dramatic fall of the sales and of the…

After tax profit of RON 68.7 million (EUR 15.09 million) in the first 9 months of 2018. According to the OTP Group report published in Budapest, regarding the financial results for the third quarter of 2018, OTP Bank Romania recorded a…