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Transelectrica, 26% lower income in Q2
Grid company Transelectrica Bucuresti (TEL) has registered a net income worth 12.15m RON (3.77m euros) for the second quarter of the year, down 26% against the same period last year. The com...
Consumer lending accelerated in May due to lower interests for RON
Consumer lending accelerated considerably in May, posting the fastest growth of the past nine months. Consumer finance gained steam as early as the beginning of spring, after witnessing a si...
Paper consumption, 8 times lower than in the West
SCA Hygiene Products, the Swedish producer of Zewa, one of the most established global paper brands, generated 70% higher Zewa sales on the Romanian market in the first five months of this y...
Romanians' net savings, 4 times lower than regional average
Romania is expected to witness strong growth rates in terms of population assets and financial debts, but will continue to lag behind other neighbouring markets, according to a survey conduc...
Lower bank ratings amid shrinking profitability
The NBR last year penalised a medium-sized bank and/or several small banks accounting for 4.1% of the banking system assets by relegating them from the rating category 2 to 3 due to their ri...
Improved loan quality leads to lower RON rate margins
Domestic interest rate margins will narrow further due to the interest rate convergence towards European levels, say EFG Eurobank analysts. The spread of average interest rates, applied by c...
Oradea: Sugar quota 35,000 tonnes lower than output
Oradea-based Zaharul (Sugar), part of the German-French group Cristal Diamant, estimates a 15% drop in turnover for this year following the restriction of production in line with the quotas...
Search Corp: We have lower costs than Western companies
Search Corporation, one of the biggest companies specialising in consulting and management of infrastructure projects in Romania, closed last year with an 8.8 million-euro turnover, up 50% a...
Inflation in July lower than expected, gives NBR hope
The increase in consumer prices was of merely 0.11% in July, primarily because the foods of the season became cheaper. The inflation over the last twelve months reached a new all time low, 6...