Added on August 12

 Business News 

Drug maker Zentiva reports higher sales in Romania, but profit down in the first half

Pharmaceutical company Zentiva Romania registered a turnover of RON 200.1 million (EUR 44.8 million) in the first half of 2014, which represents a year-on-year increase of 24.4 percent. However, its net profit dropped 4 percent in this period, to RON 27.2 million (some EUR 6 million), reports local Wall-street.ro. Zentiva expects sales to grow 8.4 […]

Romanian cosmetics producer Cosmetic Plant starts exporting to Hungary

Romanian cosmetics producer Cosmetic Plant targets higher exports this year and expands on the Hungarian market, according to a statement of the company. “One of our company’s main goals for 2014 is to increase exports. Thus, one of the strategic decisions was the expansion on the Hungarian market,” said Susana Laszlo, general manager Cosmetic Plant. […]

Romanian Trend Consult Group ups turnover in the first half, expects further growth

Sales consultancy firm Trend Consult Group increased its turnover by 35 percent in the first half of this year, compared to the same period in 2013, according to the company. “This year we’ve set a turnover of EUR 1.2 million, up 30 percent compared to last year’s results, and we are glad to see that […]

EBS Romania ups turnover by 60% in first seven months

Software services and solutions provider EBS Romania recorded a turnover of EUR 15.7 million in the first seven months of the year, up 60 percent year-on-year. “In 2014 we estimate an increase of minimum 20 percent compared to the previous year, and we consider it’s likely we exceed the planned targets,” said Daniel Metz, CEO […]

Romania’s largest oil company OMV Petrom posts 42% drop in profit in H1

OMV Petrom, the leading Romanian oil company, ended the first half of 2014 with a net profit of RON 1.38 billion (some EUR 310 million), down 42 percent year-on-year, according to the company’s report sent to the Bucharest Stock Exchange. In the first half of 2013, the company recorded a net profit of RON 2.39 […]

Romanian dairy producer Albalact triples profit in January-June

Romanian dairy producer Albalact ended the first half of 2014 with a net profit of RON 13.3 million (over EUR 2.9 million), triple compared to the RON 4.4 million registered in the same period of 2013, according to the company’s report. Albalact also recorded a higher turnover in this period, of RON 228.3 million (EUR […]

Romanian gas producer Romgaz ups turnover and profit in the first half

Romanian gas producer Romgaz registered a net profit of RON 870.9 million (over EUR 195 million) in the first six months of 2014, up almost 40 percent year-on-year, according to the company’s report. Its turnover also increased by 32.8 percent to RON 2.52 billion (EUR 565 million). “The turnover increase was mainly influenced, in absolute […]

American clothing retailer Brooks Brothers to open first store in Romania this autumn

American clothing retailer Brooks Brothers will open in September its first store in Romania. The new unit will be located in shopping mall Baneasa Shopping City in northern Bucharest, reports local Mediafax. Brooks Brothers was founded in 1818 by Henry Sands Brooks. It currently operates over 500 stores in 17 countries worldwide. It sells clothing […]

Source: http://www.romania-insider.com