04.08.2014

A total of 9 billion lei (EUR2 billion) worth of retail loans were more than 90 days overdue at the end of February, written off by banks because chances of recovery were slim to none. Such loans more

03.14.2014

Romanian state-owned postal operator Posta Romana ended 2013 with an exploitation activity loss of RON27.62 million, more than nine times higher than estimated in its budget, which forecast a loss of more

02.28.2014

French-held insurer AXA, which decided to pull out from Romania at the end of last year, booked a EUR26 million loss on the sale of its local life insurance operations, its annual report reveals. It more

02.18.2014

Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO), controlled by businessman Constantin Boromiz, ended 2013 with a turnover of RON91.67 million (EUR20.7 million), down 19.6% on the more

02.14.2014

Romanian shipyard Santierul Naval Orsova (SNO.RO) Friday said it registered loss of 2.6 million lei (EUR602,000) in 2013, three times lower than RON7.8 million in 2012. more

12.20.2013

The decision of Romania’s energy watchdog ANRE to provide only hydropower and nuclear power to households, starting 2014, will cause loss of EUR30 million to hydropower generator Hidroelectrica, more

11.29.2013

Greek bank group Eurobank, owner of Bancpost, registered loss of EUR18.2 million in Romania in the first nine months of 2013, down 33.6% on the year, the financial institution said Friday. more

11.28.2013

Vienna Insurance Group underwrote premiums of EUR274.6 million in Romania in January-September, down 19.3%, while the group’s loss widened nearly four times to EUR36.1 million, driven by car more

11.20.2013

Romanian freight railway carrier CFR Marfa expects revenues of RON1.11 billion in 2014, up 8.6% from the RON1.02 billion it expects this year, and a loss of RON82 million, 2.7 times lower than this more

11.16.2013

Romanian dairy product maker Prodlacta Brasov (PRAE.RO) Friday said its loss increased almost eleven times in the first nine months of 2013 to 6.9 million lei (EUR1.5 million) from RON0.633 million in more

11.14.2013

Romanian car parts maker Altur Slatina (ALT.RO) Thursday said it switched to loss of 2.52 million lei (EUR0.5 million) in the first nine months of 2013, from profit of RON1.89 million in the similar more

11.14.2013

Romanian plastic profiles producer Romcarbon Buzau (ROCE.RO) Thursday said its loss fell 62% to about 1 million lei (EUR0.230 million) in January-September 2013, from RON2.72 million in the similar more

11.14.2013

Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) Thursday reported loss of 12 million lei (EUR million) for the first nine months of 2013, from RON11.4 million in the similar interval a year more

11.14.2013

Romanian aircraft repairs and maintenance company Romaero Bucuresti (RORX.RO) reduced loss 2.6 times to 11.7 million lei (EUR2.6 million) in the first nine months of 2013, from RON31 million in the more

11.14.2013

Romanian state-run freight railway operator CFR Marfa reduced loss by 20.8% in the first nine months of 2013 to 135.3 million lei (EUR30.3 million). more

11.13.2013

Romanian realty developer Impact Developer&Contractor (IMP.RO) Wednesday said its loss rose 25% on the year to 20.4 million lei (EUR4.6 million) in the first nine months of 2013. more

11.13.2013

Romanian vegetable oil producer Argus Constanta (UARG.RO) reduced loss to 0.575 million lei (EUR0.128 million) in the first nine months of 2013, from RON15.5 million in the similar interval a year more

11.13.2013

Romanian metal and alloy maker Laminorul Braila (LMRU.RO) reduced loss 2.3 times in the first nine months of 2013 to 26.8 million lei (EUR6 million), from RON63.5 million in the similar interval a more

11.12.2013

Romanian state-run airline Tarom’s losses amounted to $22 million in the first nine months of 2013 and are expected to reach at least $40 million by the end of the year, Nicolae Demetriade, former more

11.10.2013

The Romanian banks reported a combined loss of 61 million lei (EUR13.7 million) in September, due to reclassifying restructured loans which triggered an increase in loan-loss provisions by RON612 more

11.05.2013

The Romanian state collected only 15.7 million lei from banks in the first nine months of this year as earnings tax (tax on profit), 18 times less than in the similar period of 2012, and central bank more

10.24.2013

Insurers in Romania lose about EUR150 million annually, or 10% of the value of underwritten premiums, because of fraud, Bogdan Andriescu, head of national association of brokers UNSICAR, said more

10.15.2013

The former Tnuva farm in Adunatii Copaceni, in Romanian southern county of Giurgiu, has reached a total 1,200 cows, but it’s still posting loss, owner Marin Boraciu said. more

10.04.2013

Radu Gratian Ghetea, president of the Romanian Banking Association (ARB), says he is not worried about loss to the banking system as a result of court cases that could be brought by individual debtors more

09.20.2013

Romanian insolvent state-owned chemical plant Oltchim Ramnicu Valcea (OLT.RO) registered total revenues of EUR79 million in the first eight months of 2013, down EUR73 million on the year, according to more