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

08.18.2015

Romanian drilling company Dafora Medias (DAFR.RO), controlled by businessman Gheorghe Calburean, under insolvency, switched to 92.7 million lei record high loss in the first half of 2015, compared more

08.14.2015

Dante International, managing Romania's largest online retailer eMAG, reported net losses of 58.3 million lei (EUR13.1 million) in 2014, eightfold higher than a year before, according to Trade more

08.13.2015

Romanian state-run chemical plant Oltchim registered a net profit of RON2.31 billion (EUR518 million) in the first half of 2015, after the annulment of debts worth RON2.35 billion based on its more

08.11.2015

Romanian lender Banca Comerciala Carpatica (BCC.RO) widened its loss in the first half of the year to RON15 million, from RON0.35 million in the same period last year, as its net revenue declined 40%, more

08.04.2015

Weight loss surgery hospital Ponderas expects EUR13 million revenue this year, an increase of 25% on 2014 after having moved to a new location early this year where it expects at least 50% occupancy more

07.07.2015

Insurer Gothaer Asigurari Reasigurari, part of German group Gothaer, widened its loss in Romania by 37% last year, to RON46.5 million from RON33.9 million in 2013, while its underwritings rose 26%, to more

07.07.2015

Local insurance companies posted 36 million lei (EUR8 million) aggregate loss in 2014, down from the more than RON1.3 billion in 2013. more

06.30.2015

CEZ Romania on Tuesday said it registered a loss of RON871.68 million in 2014, compared to a net profit of RON220 million in 2013. more

06.22.2015

Vega Turism, the operator of the five-star Vega Hotel in the Mamaia resort by the Black Sea posted 9% growth in revenue to 21 million lei (EUR4.7 million) last year, because of the rise in off-season more

06.18.2015

Romania's national uranium company CNU posted a loss of RON104.7 million (EUR23.5 million) last year after setting up provisions following litigation with the country's Court of Accounts. more

06.18.2015

Banca Romana de Credite şi Investitii (BRCI), owned by businessman Dorinel Umbrarescu, posted net loss of 35 million lei () in 2014, while its assets were 2.5 fold higher, the bank said in its annual more

06.16.2015

Germany’s Metro Cash&Carry, which operates a network of 31 stores in Romania, posted its first losses in a decade, 1.26 million lei (EUR0.3 million), last year. Profit during the boom years was as more

06.09.2015

Daewoo Mangalia Heavy Industries, or DMHI, the largest ship builder in Romania, posted a record high loss of 700 million lei (EUR157.6 million) in 2014, seven-fold higher from a year before, according more

05.15.2015

Petrotel refinery in Ploiesti, owned by Russia’s Lukoil group, ended last year with 308 million lei (EUR69 million) losses. more

05.13.2015

Steel plant ArcelorMittal Galati posted 3.59 billion lei (EUR805 million) revenue last year, 3.2% lower than in 2013 and RON480 million loss. The plant’s business was hurt by the drop in steel more

05.06.2015

The three companies whereby Czech-held CEZ operates the giant wind farm complex Fantanele-Cogealac posted almost one billion lei (EUR226 million) losses last year, according to the data the group more

04.09.2015

Romanian insurer Asirom targeted a profit of RON13.3 million in 2014, but the year ended with loss of RON29.4 million, down 87.5% from 2013, due to loss on the segments of mandatory car insurance RCA more

03.23.2015

Romanian state-run airline Tarom ended 2014 with a loss of 119 million lei (EUR27 million), just 8% lower than in 2013, and expects to register a negative result in 2015 as well, at RON8 million, more

03.12.2015

Greek lender Eurobank, majority shareholder of Romanian lender Bancpost, posted a loss of EUR46.3 million in Romania in 2014, from a loss of EUR40.2 million in 2013, because it made provisos of more

02.13.2015

Romanian insolvent chemical company Oltchim SA (OLT.RO) narrowed its loss by 46% in 2014, to 509.4 million lei (EUR114.6 million), from RON946 million in 2013, on the backdrop of using 24.3% of its more

02.11.2015

Banks in Romania registered a cumulated loss of RON8 billion during four of the last six years, as well as profit of RON0.9 billion and a net loss of RON7.1 billion during a two-year period, which more

01.30.2015

Romania's banking system posted a loss of RON3.58 billion in January-November last year, as banks purged their balance sheets of non-performing loans, central bank governor Mugur Isarescu said Friday. more

01.21.2015

The overall banking system in Romania had losses of more than RON2 billion in 2014, as that level had already been exceeded in November, Nicolae Cinteza, head of the central bank’s Supervisory more