01.12.2024

Although many organizations tend to see fraud incidents as rather unlikely, usually based on their trust in both employees and business partners, the reality is that such events cannot be anticipated more

09.29.2023

Elvila (ELV.RO), the furniture manufacturer controlled by businessman Viorel Catarama, posted RON5.5 million net loss in the first six months of 2023, compared with a loss of RON3.3 million in the more

08.28.2023

In 2022, a year when beer consumption dwindled, United Romanian Breweries Bereprod, the company producing Tuborg beer brand among others, saw losses grow five times against 2021, to RON48 million, in more

05.11.2023

Turbomecanica, a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, for the first quarter of 2023 reported RON23 million revenues, down 10% from the year-earlier period, more

01.31.2023

Romania and five other European Union (EU) Member States call for compensation for damages due to the cheap wheat from Ukraine, left on European territory, affecting their own sales. more

01.05.2023

The managing board of Lactate Natura, a dairy producer of Targoviste, Dambovita county, is convening the General Extraordinary Assembly of Shareholders on February 7 to approve, among other things, more

12.05.2022

Furniture producer Elvila, controlled by businessman Viorel Catarama, reported RON4.45 million losses for January-September 2022, from a net loss of RON1.54 million last year. more

10.03.2022

Elefant group, which manages Elefant Online platform, in the first half of this year reported turnover worth RON95.3 million, down 11% from the year-earlier period, and RON12 million losses, amid more

09.23.2022

ArcelorMittal Hunedoara (SIDG.RO), the steel mill owned by ArcelorMittal group, recorded a loss of RON42.7 million in the first half, up from the RON19.3 million in the same period of 2021, the more

09.12.2022

Agroserv Mariuta, the Romanian company that owns Laptaria cu Caimac brand, ended the first half of this year with net losses of RON1.4 million, against a net result of RON600,000 in 1H/2021, amid more

09.01.2022

Romanian regional investment fund SIF Muntenia (SIF4.RO) saw revenues more than double in the first half of this year against the year-earlier period, to RON68 million, but it ended in the red, with more

08.30.2022

Brewer Bermas Suceava logged net losses of RON174,717 in the first half of 2022, from net profit worth RON194,630 in the same period of last year. more

08.25.2022

Romanian electrical components manufacturer Romradiatoare Brasov, a company whose shareholding structure includes football coach Mircea Lucescu, in the first six months of this year posted net losses more

08.11.2022

OTP Bank, the Romanian subsidiary of Hungary's largest banking group, recorded a loss of RON14 million in the first half of this year, mainly due to an increase in the total cost of risk, notes the more

05.18.2022

Financial securities did not protect Rompetrol Rafinare, the company managing Petromidia, Romania’s biggest refinery, from the Ukraine war impact over oil prices, with the company’s losses soaring more

04.26.2022

Furniture producer Elvila, listed on the Bucharest Stock Exchange and controlled by businessman Viorel Catarama, shifted to losses in 2021. more

01.07.2022

Romania’s tourism in January-November 2021 lost around 4 million tourists compared with the same months of 2019. more

01.05.2022

Romanian National Air Transport Company Tarom last year generated revenues worth RON958 million, up almost 170% against 2020, in line with the adjusted revenues and expenditures budgeted published in more

10.22.2021

Romania’s state-owned passenger railway carrier CFR Calatori reached revenues worth RON1.8 billion in 2020, down 14% year-on-year, while losses more than doubled against 2019, to RON354 million. more

08.30.2021

The ten companies managing Bucharest’s largest shopping centres, occupying a total area of above 740,000 square metres, ended 2020 with overall losses of RON214 million. more

08.24.2021

Electroaparataj Targoviste, a maker of electrical equipment and electrotechnical accessories, ended the first half of 2021 with net losses of RON415,425, compared with net profit worth RON711,115 in more

08.19.2021

State-owned railway freight carrier CFR Marfa posted RON335 million loss in 2020, its 13th year in the red in a row, during which it accumulated more than RON3 billion losses, publicly available data more

08.11.2021

Alro Slatina group, one of Europe’s biggest vertically integrated aluminum producers, posted losses of RON47.5 million in the first six months of 2021, compared with profit worth RON253.6 million in more

08.11.2021

Agrana Romania, the biggest player on the Romanian sugar market, ended 2020 with turnover worth RON760 million, 27% higher than in 2019, in line with Finance Ministry data. more

06.14.2021

Even though pension funds generated about RON4.4 billion (EUR900 million) net profit for the employees paying into them, 2020 was a bad year for pension fund managers due to the RON14.6 million losses more