07.20.2016

ExxonMobil, which signed a deal to explore the deep water sector of the Neptun Block in the Black Sea with OMV Petrom, the only oil and gas producer in Romania in 2008, ended last year with about 321 more

07.18.2016

Cora Romania hypermarket chain ended last year with 40 million lei (EUR9 million) losses, 60% higher than in 2014. more

06.23.2016

Swine farmers in Romania are profitable again after the price per kilo of live swine went up from 3.4 lei (EUR0.75) in the first four months of the year to the about RON6.2 slaughterhouses are now more

06.20.2016

Romania’s Unirea Shopping Center (SCDM.RO), which controls the stores in capital Bucharest and central city of Brasov, reported a loss of RON6.5 million (EUR1.4 million), its first negative result more

06.06.2016

European Food, the largest producer of the group of brothers Ioan and Viorel Micula, posted 387 million lei (EUR86 million) losses in 2015, RON80 million higher than the revenue. more

06.03.2016

ArcelorMittal Galati, the largest steel plant in Romania, ended 2015 with 297 million lei (EUR66 million) losses, 40% lower than in 2014 and 4.5 times lower than in 2009. The last profitable year for more

05.23.2016

In one year, state-run Nuclearelectrica (SNN.RO) and Romgaz (SNG.RO) stock prices dropped 33% and 38%, which means the Energy Ministry’s stakes are worth about 4.3 billion lei (about EUR1 billion) more

05.10.2016

Romanian lender Banca Comerciala Carpatica (BCC.RO) registered a 2% lower net interest income in the first quarter of 2016, of RON11 million, and a net loss of RON8.9 million, from a profit of more

03.31.2016

Romanian insolvent oil and gas pipe maker Condmag Brasov (COMI.RO), owned by businessman Gheorghe Calburean, reported a loss of RON26 million in 2015, almost double from RON14 million in the previous more

03.29.2016

Romanian aluminum smelter Alro Slatina (ALR.RO) has revised its 2015 earnings to a net loss of RON24 million from a previously reported net profit of RON9.6 million, citing a change in green more

02.15.2016

Rompetrol Well Services (PTR.RO), a unit of KMG International, the second largest oil group in Romania, on Monday said it registered a net loss of RON2.15 million in 2015, compared with a profit of more

02.01.2016

OMV Petrom (SNP.RO), Romania’s only oil and natural gas producer, could end 2015 in the red, as the oil price slump caused it two successive impairments of exploration and production asset value. more

01.06.2016

Almost 185,000 Romanians left Romania in 2014 (according to the latest data available) and UK became the second most important destination for emigration after Italy. more

12.16.2015

The biggest industries in Romania by NACE code employed almost 1.9 million people last year or 50% of the total number of people working in the 87 sectors analyzed by ZF. more

12.15.2015

Romanian state-owned airline Tarom expects a loss of RON49 million this year, from a loss of RON110 million in 2014, and plans to cut staff, the company said in a statement Tuesday. more

12.14.2015

ArcelorMittal Galati steel plant slipped back into the red in the fourth quarter after having posted positive EBITDA in the first three quarters. The reason for the losses is the million of tons of more

11.26.2015

Dorna Lactate, the largest business French-held Lactalis group has in Romania, posted 2% growth in sales to 91.7 million lei (EUR20.6 million) in the first half on the year-ago period, as well as more more

11.12.2015

Romanian state-run chemical plant Oltchim on Thursday said it registered an overall loss from current operations of RON15.76 million (EUR3.55 million) in January-September 2015, ten times lower than more

09.23.2015

Greek Eurobank group, whose Romanian assets include lender Bancpost, has put up for sale its leasing division, ERB Leasing, and has just started talks with potential buyers, several industry sources more

09.17.2015

Credit Europe, the local subsidiary of the financial group controlled by Turkish billionaire Husnu Ozyegin, posted net losses of EUR3.1 million (nearly 14 million lei) in the first semester, half from more

09.04.2015

A number of 24 banks in the system posted profit in the first half, while 16 were in the red, said Nicolae Cinteza, head of the Supervision Department of Romania’s central bank. more

09.02.2015

Romanian Constanta shipyard (SNC.RO), owned by businessman Gheorghe Bosanceanu, switched to operating losses of 0.8 million lei in the first semester, from a net profit of RON5.5 million during the more

08.27.2015

Sibiu-based do-it-yourself retailer and construction material distributor Ambient controlled by businessman Ioan Ciolan ended 2014 with 497 million lei (EUR112 million) revenue, down 20% on 2013 and more

08.25.2015

No other industry has gone from ecstasy to agony in the span of just one year as the green power industry did. more

08.19.2015

Companies in Romania posted total net losses estimated at 40 billion lei (EUR9 billion) last year. Rompetrol Rafinare is the only company in Romania that posted more than RON1 billion losses, followed more